Weber's least cost theory

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf gptkb:logic
gptkbp:appliesTo manufacturing industries
gptkbp:assumes fixed labor markets
isotropic plain
raw materials at fixed locations
single finished product
gptkbp:criticizedFor oversimplification
ignoring demand factors
ignoring government policies
gptkbp:field economic geography
gptkbp:focusesOn industrial location
gptkbp:hasConcept minimization of labor costs
minimization of transportation costs
minimization of agglomeration costs
https://www.w3.org/2000/01/rdf-schema#label Weber's least cost theory
gptkbp:influencedBy location theory
gptkbp:proposedBy gptkb:Alfred_Weber
gptkbp:publishedIn 1909
gptkbp:relatedTo gptkb:Hotelling's_law
gptkb:Von_Thünen_model
gptkbp:usedFor explaining factory location
gptkbp:bfsParent gptkb:Theory_of_the_Location_of_Industries
gptkbp:bfsLayer 6