Optimisation of Production Under Uncertainty

The State-Contingent Approach
2011
ISBN: 978-3-642-21685-5
Verlag: Springer

Buch, Englisch, 81 Seiten, Format (B × H): 155 mm x 235 mm, Gewicht: 154 g

Reihe: SpringerBriefs in Economics

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.

Zielgruppe

Graduate

Autoren/Hrsg.

Rasmussen, Svend

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Bereichsspezifisches Management Produktionsmanagement, Qualitätskontrolle
• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Fertigungsindustrie

Inhaltsverzeichnis

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