Optimisation of Production Under Uncertainty The State-Contingent Approach

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SpringerBriefs in Economics
2011
Optimisation of Production Under UncertaintyThe State-Contingent ApproachAuthors:

• Svend Rasmussen
• …show all 1hide
  

ISBN: 978-3-642-21685-5 (Print) 978-3-642-21686-2  (Online)



Optimisation of Production Under UncertaintyThe State-Contingent Approach

Series: SpringerBriefs in Economics

Rasmussen, Svend

2011, VIII, 81p. 20 illus..

ISBN 978-3-642-21686-2

  Immediately available per PDF-download (no DRM, watermarked)

About this textbook

• 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
  

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.

Table of contents 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

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关键词：Optimisation uncertainty production contingent certainty Optimisation Production Under Uncertainty The

介绍一一种不确定条件下的生产优化方法。

状态依存的做法是在一个规范性的上下文中描述
                                         良好的数值状态依存的方法是如何工作的例子
                                        状态依存的方法提供了很好的解释
                                        不确定性条件下的规划检讨的经典方法提供了一个很好的理论
                                        不确定环境下生产的经济理论扩展到
本书提供了一个简短的回顾经典的方法来规划和不确定性条件下的决策。状态依存商品进一步解释了这个概念，它延伸先前的工作状态依存的方式描述生产不确定性条件下，在不确定性条件下优化生产所涉及的问题。