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Springer Production Economics: The Basic Theory of Production Optimisation (Springer Texts in Business and Economics)

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£66.98 £42.61 £47.93 £53.25 £58.56 £63.88 £69.20 08 March 2026 30 March 2026 22 April 2026 14 May 2026 06 June 2026

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Description

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.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
04 August 2012
Listed Since
14 April 2012

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