Optimisation of Production Under Uncertainty

The State-Contingent Approach

Business & Finance, Economics, Microeconomics, Management & Leadership, Production & Operations Management
Cover of the book Optimisation of Production Under Uncertainty by Svend Rasmussen, Springer Berlin Heidelberg
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Author: Svend Rasmussen ISBN: 9783642216862
Publisher: Springer Berlin Heidelberg Publication: July 23, 2011
Imprint: Springer Language: English
Author: Svend Rasmussen
ISBN: 9783642216862
Publisher: Springer Berlin Heidelberg
Publication: July 23, 2011
Imprint: Springer
Language: English

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.

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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.

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