Production Economics - The Basic Theory of Production Optimisation (Hardcover, 2nd ed. 2013)

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.

General

Imprint:	Springer-Verlag
Country of origin:	Germany
Series:	Springer Texts in Business and Economics
Release date:	August 2012
First published:	2013
Authors:	Svend Rasmussen
Dimensions:	235 x 155 x 22mm (L x W x T)
Format:	Hardcover
Pages:	292
Edition:	2nd ed. 2013
ISBN-13:	978-3-642-30199-5
Categories:	Books > Professional & Technical > Agriculture & farming > Agricultural science Books > Business & Economics > Economics > Microeconomics > General Books > Business & Economics > Business & management > Management of specific areas > Production & quality control management
LSN:	3-642-30199-1
Barcode:	9783642301995

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