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Optimisation of Production Under Uncertainty: The State-Contingent Approach: SpringerBriefs in Economics

Autor Svend Rasmussen
en Limba Engleză Paperback – 23 iul 2011
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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Specificații

ISBN-13: 9783642216855
ISBN-10: 3642216854
Pagini: 86
Ilustrații: VIII, 81 p. 20 illus.
Dimensiuni: 155 x 235 x 20 mm
Greutate: 0.14 kg
Ediția:2011
Editura: Springer Berlin, Heidelberg
Colecția Springer
Seria SpringerBriefs in Economics

Locul publicării:Berlin, Heidelberg, Germany

Public țintă

Graduate

Cuprins

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

Textul de pe ultima copertă

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.

Caracteristici

The state-contingent approach is described in a normative context Good numerical examples of how the state-contingent approach works Provides very good explanation of the state-contingent approach Gives a good review of the classical approach to the theory of planning under uncertainty Extends production economic theory to uncertain environment