Production Economics : The Basic Theory of Production Optimisation Paperback / softback
by SVEND RASMUSSEN
Part of the Springer Texts in Business and Economics series
Paperback / softback
Description
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.
Information
-
Item not Available
- Format:Paperback / softback
- Pages:292 pages, 25 Tables, black and white; XII, 292 p.
- Publisher:Springer-Verlag Berlin and Heidelberg GmbH & Co. K
- Publication Date:14/04/2014
- Category:
- ISBN:9783642439360
Other Formats
- PDF from £46.74
- Hardback from £74.99
Information
-
Item not Available
- Format:Paperback / softback
- Pages:292 pages, 25 Tables, black and white; XII, 292 p.
- Publisher:Springer-Verlag Berlin and Heidelberg GmbH & Co. K
- Publication Date:14/04/2014
- Category:
- ISBN:9783642439360
