Library Of American University Of Madaba
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Rasmussen, Svend.
Optimisation of Production Under Uncertainty The State-Contingent Approach / [electronic resource] : by Svend Rasmussen. - VIII, 81p. 20 illus. online resource. - SpringerBriefs in Economics .
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.
9783642216862
Economics.
Microeconomics.
Economics/Management Science.
Microeconomics.
Production/Logistics/Supply Chain Management.
Economic Theory.
HB172
338.5
Optimisation of Production Under Uncertainty The State-Contingent Approach / [electronic resource] : by Svend Rasmussen. - VIII, 81p. 20 illus. online resource. - SpringerBriefs in Economics .
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.
9783642216862
Economics.
Microeconomics.
Economics/Management Science.
Microeconomics.
Production/Logistics/Supply Chain Management.
Economic Theory.
HB172
338.5