Optimisation of Production Under Uncertainty [electronic resource] :The State-Contingent Approach / by Svend Rasmussen.
by Rasmussen, Svend [author.]; SpringerLink (Online service).
Material type:
BookSeries: SpringerBriefs in Economics: Publisher: Berlin, Heidelberg : Springer Berlin Heidelberg, 2011.Description: VIII, 81p. 20 illus. online resource.ISBN: 9783642216862.Subject(s): Economics | Microeconomics | Economics/Management Science | Microeconomics | Production/Logistics/Supply Chain Management | Economic TheoryDDC classification: 338.5 Online resources: Click here to access online
Contents:
In:
Springer eBooksSummary: 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.
Preface -- 1 Introduction -- 2 Decision Theory Elements -- 3 Utility Function -- 4 State-Contingent Outcome and Preference -- 5 Preferences and Subjective Probabilities -- 6 Formulation of the Decision Problem -- 7 Connections Between Input and State-Contingent Output -- 8 Optimising Production Under Uncertainty -- 9 Summary and Conclusion -- References.
| Item type | Current location | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|
| MAIN LIBRARY | HB172 (Browse shelf) | Available |
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Preface -- 1 Introduction -- 2 Decision Theory Elements -- 3 Utility Function -- 4 State-Contingent Outcome and Preference -- 5 Preferences and Subjective Probabilities -- 6 Formulation of the Decision Problem -- 7 Connections Between Input and State-Contingent Output -- 8 Optimising Production Under Uncertainty -- 9 Summary and Conclusion -- References.
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.
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