Optimisation of Production Under Uncertainty

ebook The State-Contingent Approach · SpringerBriefs in Economics

By Svend Rasmussen

cover image of Optimisation of Production Under Uncertainty

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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.
Optimisation of Production Under Uncertainty