Production Economics: Integrating the Microeconomic and Engineering Perspectives

Hackman, Steven T.

ISBN 10: 3642094872 / ISBN 13: 9783642094873

Published by Springer, 2010

In. Seller Inventory # ria9783642094873_new

Synopsis:

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.

From the Back Cover:

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.

Bibliographic Details

Title: Production Economics: Integrating the ...
Publisher: Springer
Publication Date: 2010
Binding: Soft cover
Condition: New