Production Economics

The Basic Theory of Production Optimisation

Authors: Rasmussen, Svend

  • 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
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eBook $109.00
price for USA (gross)
  • ISBN 978-3-642-14610-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
About this Textbook

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.

Table of contents (20 chapters)

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-3-642-14610-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
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Bibliographic Information

Bibliographic Information
Book Title
Production Economics
Book Subtitle
The Basic Theory of Production Optimisation
Authors
Copyright
2011
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-14610-7
DOI
10.1007/978-3-642-14610-7
Edition Number
1
Number of Pages
X, 300
Number of Illustrations and Tables
97 b/w illustrations
Topics