Production Economics : the Basic Theory of Production Optimisation

By: Rasmussen, SvendMaterial type: TextTextSeries: Springer texts in business and economicsPublication details: Heidelberg : Springer, [2013]Edition: Second EditionDescription: xi, 292 pagesISBN: 9783642301995 (alk. paper); 3642301991Subject(s): Production functions (Economic theory) | Production (Economic theory)DDC classification: 338.5 Online resources: Click here to access online | Click here to access online | Click here to access online
Contents:
1 Introduction -- 2 The Production Function -- 3 Optimisation with One Input -- 4 Production and Optimisation with Two or More Inputs -- 5 Costs -- 6 Productivity, Efficiency and Technological Changes -- 7 Input Demand Functions -- 8 Land and Other Inputs -- 9 The Company's Supply Function -- 10 Optimisation of Production Under Restrictions -- 11 Economies of Scale and Size -- 12 The Fixation of the Production Factors -- 13 Decreasing Sales Curve -- 14 Production Over Time -- 15 Risk and Uncertainty -- 16 Economic Rent and the Value of Land -- 17 Production of Multiple Products -- 18 The Linear Programming Model -- 19 Production Planning in the linear Production Model: Linear Programming -- 20 Use of Linear Programming in Practical Production Planning -- 21 Modelling Supply Functions Using Linear Programming.
Summary: 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."--Back cover
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Holdings
Item type Current library Collection Call number Status Date due Barcode Item holds
Reference Books Reference Books Main Library
Reference 		Reference 338.5 RAS (Browse shelf(Opens below)) Available 015440
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Includes index

1 Introduction --
2 The Production Function --
3 Optimisation with One Input --
4 Production and Optimisation with Two or More Inputs --
5 Costs --
6 Productivity, Efficiency and Technological Changes --
7 Input Demand Functions --
8 Land and Other Inputs --
9 The Company's Supply Function --
10 Optimisation of Production Under Restrictions --
11 Economies of Scale and Size --
12 The Fixation of the Production Factors --
13 Decreasing Sales Curve --
14 Production Over Time --
15 Risk and Uncertainty --
16 Economic Rent and the Value of Land --
17 Production of Multiple Products --
18 The Linear Programming Model --
19 Production Planning in the linear Production Model: Linear Programming --
20 Use of Linear Programming in Practical Production Planning --
21 Modelling Supply Functions Using Linear Programming.

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."--Back cover

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