Items related to Fuzzy Frontiers of Production: Evidence of Persistent...
Fuzzy Frontiers of Production: Evidence of Persistent Inefficiency, in Safety Expenditures (Classic Reprint) - Softcover
Synopsis
Excerpt from Fuzzy Frontiers of Production: Evidence of Persistent Inefficiency, in Safety Expenditures
Simon's adaptive organizations2, and Cyert and March's bounded-rationality in their behavioral theory of the firm3 are leading examples of the view that competitive market forces do not insure microeconomic efficiency.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
"synopsis" may belong to another edition of this title.
- PublisherForgotten Books
- Publication date2018
- ISBN 10 1332261868
- ISBN 13 9781332261864
- BindingPaperback
- Number of pages44
Buy New
Learn more about this copy
US$ 17.37
Shipping:
FREE
From United Kingdom to U.S.A.
Other Popular Editions of the Same Title
Top Search Results from the AbeBooks Marketplace
Seller Image
Fuzzy Frontiers of Production: Evidence of Persistent Inefficiency
Print on DemandSeller: Forgotten Books, London, United Kingdom
Seller rating 5 out of 5 stars
Paperback. Condition: New. Print on Demand. This study of 11 paper mills seeks to provide a more accurate representation of firm productivity by challenging a long-standing framework that has suggested that firms operate at optimal levels of efficiency or on the production frontier. The author employs microeconomic data, detailed models of the paper production process, and various frameworks to illustrate that in fact firms operate with varying degrees of persistent inefficiency, referred to as the 'fuzzy production frontier.' The study posits that this is due to a number of factors, including the randomness of accidents and the information gained from them. In contrast to the conventional economic view that accidents are a joint product, the author demonstrates that although safety expenditures can reduce accidents, it does not guarantee a fixed accident rate, and the variation in the accident rate can significantly impact production. The elaborations on the production frontier framework presented in this book provide a more realistic representation of the complex decisions that managers face in the day-to-day operation of their firms and the challenges they encounter in achieving optimal efficiency. Forgotten Books publishes hundreds of thousands of rare and classic books. This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Seller Inventory # 9781332261864_0
Quantity: Over 20 available
Stock Image
Fuzzy Frontiers of Production Evidence of Persistent Inefficiency, in Safety Expenditures Classic Reprint
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
Seller rating 5 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332261864
Quantity: 15 available
Stock Image
Fuzzy Frontiers of Production Evidence of Persistent Inefficiency, in Safety Expenditures Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
Seller rating 5 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332261864
Quantity: 15 available
Stock Image
Fuzzy Frontiers of Production Evidence of Persistent Inefficiency in Safety Expenditures Classic Reprint
Seller: Buchpark, Maidenhead, Berkshire, United Kingdom
Seller rating 4 out of 5 stars
Condition: Very Good. Condition: Very Good, Pages: 46, Size: 22.9x15.2x0.2. Seller Inventory # 26074399/23
Quantity: 1 available