Production Economics The Basic Theory of Production Optimisation /

• Main Author: Rasmussen, Svend. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2013.
• Edition: 2nd ed. 2013.
• Series: Springer Texts in Business and Economics,
• Subjects: Economics.; Microeconomics.; Farm economics.; Economics/Management Science.; Production/Logistics/Supply Chain Management.; Agricultural Economics.
• Online Access: https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-3-642-30200-8

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 th...

Table of Contents:

• Preface
• 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
• Appendix
• Index.