Production Economics: Integrating the Microeconomic and Engineering Perspectives

Author:   Steven T. Hackman
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Edition:   Softcover reprint of hardcover 1st ed. 2008
ISBN:  

9783642094873


Pages:   516
Publication Date:   19 October 2010
Format:   Paperback
Availability:   In Print   Availability explained
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Production Economics: Integrating the Microeconomic and Engineering Perspectives


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Overview

A production economist focuses on assessment, and will use an aggregate description of technology to answer such questions as: How does the firm compare to its competitors? Has the firm improved its production capabilities? A production engineer focuses on optimizing resources, and will use a detailed description of technology to answer a completely different set of questions: Which operations or plants should produce which products at what time? Should resource capacity be expanded and, if so, which resources should be acquired? Each group could benefit from the other group's perspective. This book offers a unified, integrated point of view that bridges the gap between these two historically distinct perspectives.

Full Product Details

Author:   Steven T. Hackman
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Edition:   Softcover reprint of hardcover 1st ed. 2008
Dimensions:   Width: 15.50cm , Height: 2.80cm , Length: 23.50cm
Weight:   0.831kg
ISBN:  

9783642094873


ISBN 10:   3642094872
Pages:   516
Publication Date:   19 October 2010
Audience:   Professional and scholarly ,  College/higher education ,  Professional & Vocational ,  Postgraduate, Research & Scholarly
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Overview.- Overview.- Microeconomic Foundations.- Production Functions.- Formal Description of Technology.- Nonparametric Models of Technology.- Cost Function.- Indirect Production Function.- Distance Functions.- Nonconvex Models of Technology.- Efficiency Measurement.- Efficiency Analysis.- The Two-Dimensional Projection.- Multi-Stage Efficiency Analysis.- Efficiency Analysis of Warehouse and Distribution Operations.- Productivity and Performance Measurement.- Index Numbers.- Productivity Measurement.- Performance Measurement.- Economic Analysis.- Engineering Models of Technology.- Index-Based Dynamic Production Functions.- Distribution-Based Dynamic Production Functions.- Dynamic Production Function Approximations.- A Stochastic Input-Output Model.- Multi-Stage, Dynamic Models of Technology.- Optimizing Labor Resources Within a Warehouse.

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