Production Economics

The Basic Theory of Production Optimisation

  • Svend Rasmussen

Part of the Springer Texts in Business and Economics book series (STBE)

Table of contents

  1. Front Matter
    Pages i-xi
  2. Svend Rasmussen
    Pages 1-6
  3. Svend Rasmussen
    Pages 7-18
  4. Svend Rasmussen
    Pages 19-27
  5. Svend Rasmussen
    Pages 45-57
  6. Svend Rasmussen
    Pages 69-82
  7. Svend Rasmussen
    Pages 83-88
  8. Svend Rasmussen
    Pages 89-93
  9. Svend Rasmussen
    Pages 95-110
  10. Svend Rasmussen
    Pages 111-120
  11. Svend Rasmussen
    Pages 121-128
  12. Svend Rasmussen
    Pages 129-143
  13. Svend Rasmussen
    Pages 145-162
  14. Svend Rasmussen
    Pages 163-180
  15. Svend Rasmussen
    Pages 181-189
  16. Svend Rasmussen
    Pages 191-205
  17. Svend Rasmussen
    Pages 207-219

About this book

Introduction

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.

Keywords

Fixed and Variable Input Input Demand and Output Supply Land Rent Optimization Replacement Theory

Authors and affiliations

  • Svend Rasmussen
    • 1
  1. 1., Department of Resource EconomicsUniversity of CopenhagenFrederiksberg CDenmark

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-30200-8
  • Copyright Information Springer-Verlag Berlin Heidelberg 2013
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-642-30199-5
  • Online ISBN 978-3-642-30200-8
  • Series Print ISSN 2192-4333
  • Series Online ISSN 2192-4341
  • About this book