Production Economics : Integrating the Microeconomic and Engineering Perspectives

   In stock
SKU
BK0040865
ISBN13 9783540757504
Binding PAPERBACK
Author HACKMAN
Language ENGLISH
Publisher SPRINGER VERLAG
Published Year 2008
Country of Origin India

7862.00

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.