Production Economics [electronic resource] :Integrating the Microeconomic and Engineering Perspectives / by Steven T. Hackman.
by Hackman, Steven T [author.]; SpringerLink (Online service).
Material type:
BookPublisher: Berlin, Heidelberg : Springer Berlin Heidelberg, 2008.Description: online resource.ISBN: 9783540757511.Subject(s): Economics | Industrial engineering | Microeconomics | Business logistics | Economics/Management Science | Production/Logistics | Industrial and Production Engineering | Microeconomics | Operations Research/Decision TheoryDDC classification: 658.5 Online resources: Click here to access online | Item type | Current location | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|
| MAIN LIBRARY | HD28-70 (Browse shelf) | Available |
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| TA329-348 Case Based Design | QA71-90 Hyperbolic Problems: Theory, Numerics, Applications | QB460-466 Planetary Systems | HD28-70 Production Economics | HF5410-5417.5 Public Opinion Polling in a Globalized World | TA1637-1638 Medical Image Computing and Computer-Assisted Intervention – MICCAI 2007 | TA1637-1638 Medical Image Computing and Computer-Assisted Intervention – MICCAI 2007 |
Overview -- Overview -- Microeconomic Foundations -- Production Functions -- Formal Description of Technology -- Nonparametric Models of Technology -- Cost Function -- Indirect Production Function -- Distance Functions -- Nonconvex Models of Technology -- Efficiency Measurement -- Efficiency Analysis -- The Two-Dimensional Projection -- Multi-Stage Efficiency Analysis -- Efficiency Analysis of Warehouse and Distribution Operations -- Productivity and Performance Measurement -- Index Numbers -- Productivity Measurement -- Performance Measurement -- Economic Analysis -- Engineering Models of Technology -- Index-Based Dynamic Production Functions -- Distribution-Based Dynamic Production Functions -- Dynamic Production Function Approximations -- A Stochastic Input-Output Model -- Multi-Stage, Dynamic Models of Technology -- Optimizing Labor Resources Within a Warehouse.
A production economist focuses on assessment, and will use an aggregate description of technology to answer such questions as: How does the firm compare to its competitors? Has the firm improved its production capabilities? A production engineer focuses on optimizing resources, and will use a detailed description of technology to answer a completely different set of questions: Which operations or plants should produce which products at what time? Should resource capacity be expanded and, if so, which resources should be acquired? Each group could benefit from the other group's perspective. This book offers a unified, integrated point of view that bridges the gap between these two historically distinct perspectives.
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