Svend Rasmussen

Optimisation of Production Under Uncertainty (eBook, PDF)

The State-Contingent Approach

• Format: PDF

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.

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Produktdetails

• Verlag: Springer Berlin Heidelberg
• Seitenzahl: 81
• Erscheinungstermin: 23. Juli 2011
• Englisch
• ISBN-13: 9783642216862
• Artikelnr.: 43790067

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