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  • © 2008

Production Economics

Integrating the Microeconomic and Engineering Perspectives

Authors:

  • Provides a scholarly yet accessible introduction to the main topics in production economics

  • Integrates two, historically distinct perspectives on modeling technology: from microeconomics and engineering

  • Includes over 125 exercises with comprehensive solutions and a mathematical appendix

  • Includes supplementary material: sn.pub/extras

  • 28k Accesses

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Table of contents (22 chapters)

  1. Front Matter

    Pages I-XXVI
  2. Overview

    1. Overview

      Pages 1-15
  3. Microeconomic Foundations

    1. Front Matter

      Pages 17-17
    2. Production Functions

      Pages 19-33
    3. Cost Function

      Pages 71-96
    4. Distance Functions

      Pages 109-123
  4. Efficiency Measurement

    1. Front Matter

      Pages 147-147
    2. Efficiency Analysis

      Pages 149-165
  5. Productivity and Performance Measurement

    1. Front Matter

      Pages 221-221
    2. Index Numbers

      Pages 223-240
    3. Productivity Measurement

      Pages 241-255
    4. Performance Measurement

      Pages 257-270
    5. Economic Analysis

      Pages 271-291

About this book

A production economist focuses on assessment, and will use an aggregate description of technology to answer such questions as: How does the firm compare to its competitors? Has the firm improved its production capabilities? A production engineer focuses on optimizing resources, and will use a detailed description of technology to answer a completely different set of questions: Which operations or plants should produce which products at what time? Should resource capacity be expanded and, if so, which resources should be acquired? Each group could benefit from the other group's perspective. This book offers a unified, integrated point of view that bridges the gap between these two historically distinct perspectives.

Authors and Affiliations

  • Georgia Institute of Technology, Atlanta, USA

    Steven T. Hackman

Bibliographic Information

Buy it now

Buying options

eBook USD 79.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 99.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 139.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access