Production Economics Course
Master production economics for multi-product manufacturing firms. Build cost models, analyse input-output relationships, test scenarios for prices, volumes, and risks, and deliver clear recommendations to enhance efficiency, boost margins, and sharpen strategic decisions in production environments.
from 4 to 360h flexible workload
valid certificate in your country
What will I learn?
Gain practical skills to create simplified multi-product cost models, interpret benchmarks, and analyse manufacturing costs confidently. Master constructing cost functions, estimating inputs, using input-output models, evaluating efficiency, communicating findings, noting limits, and planning data upgrades.
Elevify advantages
Develop skills
- Build multi-product cost models swiftly, deriving unit, marginal, and total costs.
- Analyse economies of scale and scope to identify cost-saving strategies.
- Apply input-output tools to link shocks to outputs, inputs, and overall costs.
- Conduct cost-efficiency and sensitivity analyses on prices, volumes, and risks.
- Convert model outputs into actionable cost advice for management.
Suggested summary
Before starting, you can change the chapters and workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload.What our students say
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