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Optimisation of Production Under Uncertainty: The State-Contingent Approach

Optimisation of Production Under Uncertainty: The State-Contingent Approach

Paperback

Series: Springerbriefs in Economics

Business GeneralEconomics

ISBN10: 3642216854
ISBN13: 9783642216855
Publisher: Springer
Published: Jul 23 2011
Pages: 81
Weight: 0.31
Height: 0.19 Width: 6.14 Depth: 9.21
Language: English

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

Also from

Rasmussen, Svend

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Economics