Production Economics Integrating the Microeconomic and Engineering Perspectives

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 detail...

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Bibliographic Details
Main Author: Hackman, Steven Todd (Author)
Format: Book Chapter
Language:English
Published: USA Springer 2008
Subjects:
Online Access:Click Here to View Status and Holdings.
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520 # # |a 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. 
650 # 0 |a Production (Economic theory) 
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