Logo - springer
Slogan - springer

Economics - Microeconomics / Industrial Organization | Production Economics - The Basic Theory of Production Optimisation

Production Economics

The Basic Theory of Production Optimisation

Rasmussen, Svend

2011, X, 300p. 97 illus..

eBook
Information

Springer eBooks may be purchased by end-customers only and are sold without copy protection (DRM free). Instead, all eBooks include personalized watermarks. This means you can read the Springer eBooks across numerous devices such as Laptops, eReaders, and tablets.

You can pay for Springer eBooks with Visa, Mastercard, American Express or Paypal.

After the purchase you can directly download the eBook file or read it online in our Springer eBook Reader. Furthermore your eBook will be stored in your MySpringer account. So you can always re-download your eBooks.

(net) price for USA

ISBN 978-3-642-14610-7

digitally watermarked, no DRM

Included Format: PDF and EPUB

download immediately after purchase


learn more about Springer eBooks

add to marked items

$109.00
  • Uses a great combination of graphical illustration and mathematical analysis
  • Includes theory of timing of production and timing of replacement of assets
  • Shows how to build and apply linear programming for production planning
  • Features numerous illustrative examples
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.

Content Level » Upper undergraduate

Keywords » Fixed and variable input - Input demand and output supply - Land rent - Optimization - Replacement theory

Related subjects » Agricultural Economics - Microeconomics / Industrial Organization - Production & Logistics

Table of 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 Programming Model - Linear Programming.- 20 Use of Linear Programming in Practical Production Planning.- Bibliography.- Appendix.- Index.

Popular Content within this publication 

 

Articles

Read this Book on Springerlink

Services for this book

New Book Alert

Get alerted on new Springer publications in the subject area of Microeconomics.