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Production Economics The Basic Theory of Production Optimisation von Rasmussen, Svend (eBook)

  • Erscheinungsdatum: 04.08.2012
  • Verlag: Springer, Berlin
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Production Economics

This book covers the basic theory of how, what and when firms should produce to maximise profits. Based on the neoclassical theory of the firm presented in most general microeconomic textbooks, it extends the general treatment and focuses on the application of the theory to specific problems that the firm faces when making production decisions to maximise profits. Increasing level of government regulation and the use of specialised and often very expensive equipment in modern production motivates the following focus areas: 1) How to optimise production under restrictions., 2) Treatment of fixed inputs and the process of input fixation, 3) Optimisation of production over time, 4) Linear and Mixed Integer Programming as tools for optimisation in practice. This updated second edition includes a more comprehensive introduction to the theory of decision making under risk and uncertainty as well as a new chapter on how to use linear programming to generate the supply function of the firm.


    Format: PDF
    Kopierschutz: AdobeDRM
    Seitenzahl: 303
    Erscheinungsdatum: 04.08.2012
    Sprache: Englisch
    ISBN: 9783642302008
    Verlag: Springer, Berlin
    Größe: 8034kBytes
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