Production Economics: The Basic Theory of Production Optimisation - Springer Texts in Business and Economics (Paperback)
  • Production Economics: The Basic Theory of Production Optimisation - Springer Texts in Business and Economics (Paperback)
zoom

Production Economics: The Basic Theory of Production Optimisation - Springer Texts in Business and Economics (Paperback)

(author)
£72.00
Paperback 292 Pages / Published: 20/09/2014
  • We can order this

Usually despatched within 3 weeks

  • This item has been added to your basket
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.

Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
ISBN: 9783642439360
Number of pages: 292
Weight: 468 g
Dimensions: 235 x 155 x 16 mm
Edition: 2nd ed. 2013


MEDIA REVIEWS

From the book reviews:

"The content of the work is divided into 21 chapters. ... All the material is carefully developed, with many examples and figures supporting the concepts discussed here. The notions are well motivated and many additional explanations are given, which makes the book very readable." (Gabriel Eduard Vilcu, Mathematical Reviews, February, 2015)

You may also be interested in...

Reviews

Please sign in to write a review

Your review has been submitted successfully.