TY - BOOK AU - Griffin,James M. TI - Capacity measurement in petroleum refining: a process analysis approach to the joint product case SN - 0669746258 AV - HD9564 .G75 U1 - 658.151 PY - 1971/// CY - Lexington, Mass. PB - Heath Lexington Books KW - Petroleum KW - Petroleum industry and trade N1 - Includes bibliographical references and index N2 - This work is a study of capacity for the U.S. petroleum refining industry. Chapter 2 examines the nature of the industry including the technical aspects, market structure. Chapter 3 considers five problem areas with which any capacity measure should deal. Chapter 4 presents the theoretical derivation of capacity, defined as the minimum point of the short-run average cost curve. Chapter 5 and 6 present empirical results of the measurement of capacity for the U.S. petroleum refining industry using two alternative approaches. Chapter 7 restates basic conclusions of the study and the implications for future research. ER -