Fehmi Karamehmetoğlu (Writer)
01 April 2024
When perfectly competitive firms follow the rule that profits are maximized by producing in quantities where price equals marginal cost, they ensure that the social benefits from producing a good are compatible with the social costs of production.
Long-run equilibrium in perfectly competitive markets satisfies two important conditions: allocative efficiency and efficient productivity.
These two conditions have important implications. First, resources are allocated to their best alternative uses. Second, it ensures the maximum satisfaction that society can achieve.
MES software is a platform for efficiency and quality assurance.
With market demands and today's competition, lean manufacturing and increased productivity are fundamental concepts in all manufacturing. Manufacturing Execution System (MES) helps you increase your productivity and strengthen your competitiveness. Tracking productivity and traceability and providing online intervention improves the marginal cost approach. Together, it provides competitive advantage and target realization in target markets. From strategic positioning to target markets, Mes is a determining factor in many areas.