A Study on the Decision-making of Industrial Location in view of Substituting Production factors

생산요소(生産要素) 대체(代替)를 고려(考慮)한 공업입지(工業立地)의 의사결정(意思決定)에 관한 연구(硏究)

The purpose of this study is to consider the criteria for decision-making of industrial location in view of substituting production factors through maximizing profit instead of minimizing transportation cost. This paper makes use of mutual relationship between spatial economy in Euclidean distance and substituting production factors in production theory. Therefore, this paper will develop weak points in classical theory of industrial location by introducing production theory which has conception of substituting production factors.