Optimisation of production under uncertainty : the state-contingent approach
Author(s)
Bibliographic Information
Optimisation of production under uncertainty : the state-contingent approach
（Springer briefs in economics）
Springer, c2011
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Note
Includes bibliographical references
Description and Table of Contents
Description
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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