Production economics: the basic theory of production optimisation
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| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Heidelberg [u.a.]
Springer
2011
|
| Subjects: | |
| Online Access: | Inhaltstext Inhaltsverzeichnis |
| Physical Description: | XI, 274 S. graph. Darst. 235 mm x 155 mm |
| ISBN: | 9783642146091 9783642146107 |
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Record in the Search Index
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| adam_text |
IMAGE 1
CONTENTS
1 INTRODUCTION 1
REFERENCES 6
2 THE PRODUCTION FUNCTION 7
2.1 INTRODUCTION 7
2.2 PRODUCTION TECHNOLOGY 7
2.3 THE INPUT SET 11
2.4 THE OUTPUT SET 12
2.5 THE PRODUCTION FUNCTION 13
2.6 DIMINISHING MARGINAL RETURNS 13
2.6.1 THE LAW OF DIMINISHING MARGINAL RETURNS 14
2.6.2 GRAPHICAL ILLUSTRATION OF THE PRODUCTION FUNCTION . . . 15 2.6.3
MATHEMATICAL REPRESENTATION OF THE PRODUCTION FUNCTION 16
2.6.4 THE PRODUCTION ELASTICITY 17
3 OPTIMISATION WITH ONE INPUT 19
3.1 INTRODUCTION 19
3.2 OPTIMISATION FROM THE INPUT SIDE 20
3.3 OPTIMISATION FROM THE OUTPUT SIDE 24
4 PRODUCTION AND OPTIMISATION WITH TWO OR MORE INPUTS 29
4.1 INTRODUCTION 29
4.2 COST MINIMISATION 30
4.3 THE EXPANSION PATH AND THE FORM OF THE PRODUCTION FUNCTION . 33 4.4
MAXIMISATION OF PRODUCTION UNDER BUDGET CONSTRAINT 37
4.5 PROFIT MAXIMISATION 39
4.6 THE PSEUDO SCALE LINE AND OPTIMISATION WITH FIXED INPUTS. . . 41 4.7
SUBSTITUTION BETWEEN INPUTS 42
REFERENCES 44
BIBLIOGRAFISCHE INFORMATIONEN HTTP://D-NB.INFO/1003791514
DIGITALISIERT DURCH
IMAGE 2
VIJI CONTENTS
5 COSTS 45
5.1 ONE VARIABLE INPUT 45
5.2 MULTIPLE VARIABLE INPUTS 48
5.3 SHORT AND LONG RUN COSTS 52
5.4 CALCULATION OF COSTS IN PRACTICE 54
5.4.1 THE OPPORTUNITY COST PRINCIPIE 55
5.4.2 THE ACCOUNTING PRINCIPIE 55
REFERENCE 57
6 PRODUCTIVITY, EFFICIENCY AND TECHNOLOGICAL CHANGES 59
6.1 INTRODUCTION 59
6.2 DEFINITIONS 59
6.2.1 PRODUCTIVITY 59
6.2.2 EFFICIENCY 61
6.2.3 TECHNOLOGICAL CHANGES 63
6.2.4 THE SCALE OF PRODUCTION 64
6.3 CHANGES IN PRODUCTIVITY 65
REFERENCES 68
7 INPUT DEMAND FUNCTIONS 69
7.1 INTRODUCTION 69
7.2 ONE VARIABLE INPUT 70
7.3 MULTIPLE VARIABLE INPUTS 72
7.3.1 INCREASING OUTPUT PRICE 77
7.4 INPUT DEMAND UNDER BUDGET CONSTRAINT 79
7.5 DEMAND WHEN THE INPUT PRICE DEPENDS ON THE DEMAND 80 REFERENCE 81
8 LAND AND OTHER INPUTS 83
8.1 INTRODUCTION 83
8.2 LAND AS A SPECIAL INPUT 83
8.3 EXAMPLE OF HOMOGENEOUS PRODUCTION FUNCTION 85
REFERENCES 87
9 THE COMPANY'S SUPPLY FUNCTION 89
9.1 INTRODUCTION 89
9.2 THE SUPPLY CURVE 89
9.3 ADJUSTMENT IN THE LONG RUN 91
9.4 DERIVATION OF THE SUPPLY FUNCTION: AN EXAMPLE 92
10 OPTIMISATION OF PRODUCTION UNDER RESTRICTIONS 95
10.1 INTRODUCTION 95
10.2 GENERAL METHOD FOR OPTIMISATION UNDER RESTRICTIONS 96 10.3 EXAMPLES
OF USAGE 99
IMAGE 3
CONTENTS IX
10.3.1 SET-ASIDE VS. RESTRICTION OF PRODUCTION 102
10.3.2 LIMITED INPUT 102
10.3.3 COMPULSORY SET-ASIDE OF LAND 103
10.3.4 ADAPTATION DUE TO PRODUCT PRICE DECREASE 104 10.3.5 RESTRICTION
OF OUTPUT - ILLUSTRATED BY MILK QUOTA EXAMPLE 105
REFERENCES 110
11 ECONOMIES OF SCALE AND SIZE 111
11.1 INTRODUCTION 111
11.2 ECONOMIES OF SIZE 112
11.3 THE OPTIMAL SIZE OF THE FIRM 115
11.4 ECONOMIES OF SCALE 116
11.5 SUMMARY 119
REFERENCES 120
12 THE FIXATION OF THE PRODUCTION FACTORS 121
12.1 INTRODUCTION 121
12.2 DEGREE OF "FIXATION" 121
12.3 THEORY OF FIXATION OF PRODUCTION FACTORS 122
12.4 DISADVANTAGES (AND ADVANTAGES) OF FIXED FACTORS 125 12.5 LIMITING
THE FIXATION OF THE FACTORS 127
12.6 THE DURATION OF THE FIXATION 128
12.7 MEASURING THE FIXATION OF PRODUCTION FACTORS 128
13 DECREASING SALES CURVE 129
13.1 INTRODUCTION 129
13.2 PERFECT COMPETITION AS A REFERENCE 129
13.3 MONOPOLY 132
13.4 OPTIMISATION UNDER MONOPOLY 133
13.5 OPTIMISATION FROM THE INPUT SIDE 136
13.6 PRODUCT DIFFERENTIATION AND MONOPOLISTIC COMPETITION 138 13.6.1
ACQUISITION OF INPUT 141
13.6.2 THE PRODUCTION PROCESS 142
13.6.3 DELIVERY OF OUTPUT 142
REFERENCE 142
14 PRODUCTION OVER TIME 143
14.1 INTRODUCTION 143
14.2 GENERAL THEORY 144
14.3 THE REPLACEMENT CALCULATION 147
14.3.1 INTRODUCTION 147
14.3.2 OPTIMAL TERMINATION TIME FOR ONE INDIVIDUAL ASSET. . 148
IMAGE 4
X CONTENTS
14.3.3 OPTIMAL REPLACEMENT TIME FOR REPLACING AN ASSET WITH A NEW ONE
151
APPENDIX 159
INTEREST CALCULATION 159
15 RISK AND UNCERTAINTY 161
15.1 INTRODUCTION 161
15.2 EXPECTED PROFIT AND OTHER CRITERIA 162
15.3 THE COST OF RISK 164
15.4 THE EXPECTED UTILITY MODEL 166
15.5 RISK MANAGEMENT AND THE INSURANCE MODEL 169
16 ECONOMIE RENT AND THE VALUE OF LAND 173
16.1 INTRODUCTION 173
16.2 LAND RENT AND MARGINAL LAND 176
16.3 THE USE VALUE OF LAND 177
16.4 THE LAND PRICE DETERMINATION 178
16.5 LOCATION AND LAND RENT 180
17 PRODUCTION OF MULTIPLE PRODUCTS 183
17.1 INTRODUCTION 183
17.2 THE PRODUCT TRANSFORMATION CURVE 183
17.3 THE OPTIMAL COMBINATION OF OUTPUT 187
17.4 PRODUCT EXPANSION PATH 191
17.5 INTERMEDIATE PRODUCTS AND TRADE 191
17.6 MULTIPLE INPUTS AND OUTPUTS 194
18 THE LINEAR PROGRAMMING MODEL 197
18.1 INTRODUCTION 197
18.2 THE PRODUCTION PROCESS 200
18.3 THE FINANCIAL RESULT OF THE PRODUCTION PROCESS 203
18.4 MULTI-PROCESS MODELS 204
18.5 SUBSTITUTION BETWEEN INPUT FACTORS 205
19 PRODUCTION PLANNING IN THE LINEAR PROGRAMMING MODEL: LINEAR
PROGRAMMING 211
19.1 INTRODUCTION 211
19.2 FIXED AND VARIABLE INPUTS 211
19.3 OPTIMISATION WITH FIXED AND VARIABLE INPUTS 212
19.4 AN EXAMPLE 213
19.5 QUASI-FIXED INPUT 215
19.6 INTERMEDIATE GOODS 217
19.7 DETERMINATION OF THE PRODUCTION MODEL PARAMETERS 219
IMAGE 5
CONTENTS XI
19.8 INTERPRETATION OF THE DUAL PROBLEM 221
REFERENCES 223
20 USE OF LINEAR PROGRAMMING IN PRACTICAL PRODUCTION PLANNING . . . 225
20.1 STATIC MODELS 226
20.1.1 INTRODUCTION 226
20.1.2 FROM PROBLEM TO LP MODEL: AN EXAMPLE 227
20.1.3 PROCESS FORMULATION 234
20.2 MULTI-PERIOD MODELS 244
20.2.1 INTRODUCTION 244
20.2.2 GENERAL MODEL 245
20.2.3 EXAMPLES OF FORMULATIONS 247
20.2.4 CONCLUDING REMARKS 252
20.3 INTEGER PROGRAMMING 254
20.3.1 INTRODUCTION 254
20.3.2 EXAMPLES OF FORMULATIONS 255
20.3.3 SOLVING THE INTEGER PROGRAMMING PROBLEMS 260 REFERENCES 260
APPENDIX: PROFIT CONCEPTS 261
INDEX 271 |
| any_adam_object | 1 |
| author | Rasmussen, Svend |
| author_facet | Rasmussen, Svend |
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| author_sort | Rasmussen, Svend |
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| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338.5 |
| dewey-search | 338.5 |
| dewey-sort | 3338.5 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
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| spelling | Rasmussen, Svend Verfasser aut Production economics the basic theory of production optimisation Svend Rasmussen Heidelberg [u.a.] Springer 2011 XI, 274 S. graph. Darst. 235 mm x 155 mm txt rdacontent n rdamedia nc rdacarrier Produktionstheorie (DE-588)4121520-5 gnd rswk-swf Produktionsorganisation (DE-588)4175805-5 gnd rswk-swf Produktionsfunktion (DE-588)4047354-5 gnd rswk-swf Produktionstheorie (DE-588)4121520-5 s Produktionsorganisation (DE-588)4175805-5 s 1\p DE-604 Produktionsfunktion (DE-588)4047354-5 s 2\p DE-604 text/html http://deposit.dnb.de/cgi-bin/dokserv?id=3495895&prov=M&dok_var=1&dok_ext=htm Inhaltstext DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020812403&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Rasmussen, Svend Production economics the basic theory of production optimisation Produktionstheorie (DE-588)4121520-5 gnd Produktionsorganisation (DE-588)4175805-5 gnd Produktionsfunktion (DE-588)4047354-5 gnd |
| subject_GND | (DE-588)4121520-5 (DE-588)4175805-5 (DE-588)4047354-5 |
| title | Production economics the basic theory of production optimisation |
| title_auth | Production economics the basic theory of production optimisation |
| title_exact_search | Production economics the basic theory of production optimisation |
| title_full | Production economics the basic theory of production optimisation Svend Rasmussen |
| title_fullStr | Production economics the basic theory of production optimisation Svend Rasmussen |
| title_full_unstemmed | Production economics the basic theory of production optimisation Svend Rasmussen |
| title_short | Production economics |
| title_sort | production economics the basic theory of production optimisation |
| title_sub | the basic theory of production optimisation |
| topic | Produktionstheorie (DE-588)4121520-5 gnd Produktionsorganisation (DE-588)4175805-5 gnd Produktionsfunktion (DE-588)4047354-5 gnd |
| topic_facet | Produktionstheorie Produktionsorganisation Produktionsfunktion |
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