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Optimisation of Production Under Uncertainty

The State-Contingent Approach

  • Svend┬áRasmussen

Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)

Table of contents

  1. Front Matter
    Pages i-viii
  2. Svend Rasmussen
    Pages 1-2
  3. Svend Rasmussen
    Pages 3-4
  4. Svend Rasmussen
    Pages 5-17
  5. Svend Rasmussen
    Pages 19-23
  6. Svend Rasmussen
    Pages 25-30
  7. Svend Rasmussen
    Pages 31-33
  8. Svend Rasmussen
    Pages 43-78
  9. Svend Rasmussen
    Pages 79-81

About this book

Introduction

The book provides a short review of the classical approach to planning and decision making under uncertainty. It further explains the concept of state-contingent goods, and it extends earlier work on the state-contingent approach to describing production under uncertainty to the problems involved in optimising production under uncertainty.

Keywords

Good and Bad States of Nature Production Risk Averse State-Contingent Goods Utility Function

Authors and affiliations

  • Svend┬áRasmussen
    • 1
  1. 1.Department of Resource EconomicsUniversity of CopenhagenFrederiksberg CDenmark

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-21686-2
  • Copyright Information Svend Rasmussen 2011
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-642-21685-5
  • Online ISBN 978-3-642-21686-2
  • Series Print ISSN 2191-5504
  • Series Online ISSN 2191-5512
  • Buy this book on publisher's site