Production Systems Production Processes, Technologies, Efficiency, Optimisation

Wolfgang Eichhorn and Winfried Gleißner
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Wolfgang Eichhorn: Karlsruhe Institute of Technology (KIT)
Winfried Gleißner: University of Applied Sciences Landshut

Chapter 2 in Mathematics and Methodology for Economics, 2016, pp 45-60 from Springer

Abstract: Abstract In Chap. 1 we introduced, among others, the concepts of sets, numbers and vectors. In this chapter we start to apply them to fundamental definitions, formulation of problems, indicating also elementary and intuitive methods for solving them. We will get acquainted with concepts like production system, production process, technology, efficiency and optimisation. The knowledge gained from Chap. 1 suffices already for formulating basic problems of efficiency of production of goods and services and some ideas for their (approximative) solution. These are problems, in particular linear optimisation problems.

Keywords: Production Process; Production System; Input Vector; Output Vector; Input Price (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-319-23353-6_2

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DOI: 10.1007/978-3-319-23353-6_2

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