00000cmm a22000005i 4500 UP-99796217611000639 Buklod 20131126111755.0 m go j cr |n |||auu|a 110721s2011 xx u | eng d 9783642216862 (eBook) 3642216862 (eBook) (iLib)UPD-00206905673 DLC DML eng HB 241 R36 2011eb Rasmussen, Svend. author. Optimisation of Production Under Uncertainty [electronic resource] The State-Contingent Approach by Svend Rasmussen. Berlin, Heidelberg Springer Berlin Heidelberg 2011. 1 online resource (viii, 81p.) 20 illus. SpringerBriefs in Economics 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. IP based subscription, on campus only. Access via Electronic Resources of the UPD University Library Website. 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. Electronic reproduction. New York SpringerLink c2011. Available via World Wide Web through SpringerLink. Production functions (Economic theory) Mathematical models. Electronic books. SpringerLink. SpringerBriefs in Economics Available for University of the Philippines Diliman via SpringerLink. Click here to access http://dx.doi.org/10.1007/978-3-642-21686-2 (viewed 19 March 2014) FO Monograph UPD DMLR Electronic Resource