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Optimisation of Production Under Uncertainty: The State-Contingent Approach

Optimisation of Production Under Uncertainty: The State-Contingent Approach

Autorzy
Wydawnictwo Springer, Berlin
Data wydania
Liczba stron 81
Forma publikacji książka w miękkiej oprawie
Język angielski
ISBN 9783642216855
Kategorie Mikroekonomia
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Opis książki

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.

Optimisation of Production Under Uncertainty: The State-Contingent Approach

Spis treści

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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