The ribosome flow model on a ring (RFMR) is a deterministic model for
translation of a circularized mRNA. We derive a new spectral representation for
the optimal steady-state production rate and the corresponding optimal
steady-state ribosomal density in the RFMR. This representation has several
important advantages. First, it provides a simple and numerically stable
algorithm for determining the optimal values even in very long rings. Second,
it enables efficient computation of the sensitivity of the optimal production
rate to small changes in the transition rates along the mRNA. Third, it implies
that the optimal steady-state production rate is a strictly concave function of
the transition rates. Thus maximizing the optimal steady-state production rate
with respect to the rates, under an affine constraint on the rates becomes a
convex optimization problem that admits a unique solution, which can be
determined numerically using highly efficient algorithms. This optimization
problem is important, for example, when re-engineering heterologous genes in a
host organism. We describe the implications of our results to this and other
aspects of translation