Svend Rasmussen

Optimisation of Production Under Uncertainty

The State-Contingent Approach

• Broschiertes Buch

Produktbeschreibung

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.

Produktdetails

• SpringerBriefs in Economics
• Verlag: Springer / Springer Berlin Heidelberg / Springer, Berlin
• Artikelnr. des Verlages: 80064473, 978-3-642-21685-5
• 2011
• Seitenzahl: 92
• Erscheinungstermin: 23. Juli 2011
• Englisch, Dänisch
• Abmessung: 235mm x 155mm x 6mm
• Gewicht: 155g
• ISBN-13: 9783642216855
• ISBN-10: 3642216854
• Artikelnr.: 33374471

Inhaltsangabe

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