Theory of Production and Cost

Theory of Production and Cost

by Gïnter Fandel

Paperback(Softcover reprint of the original 1st ed. 1991)

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Product Details

ISBN-13: 9783642768149
Publisher: Springer Berlin Heidelberg
Publication date: 12/23/2011
Edition description: Softcover reprint of the original 1st ed. 1991
Pages: 405
Product dimensions: 6.69(w) x 9.61(h) x 0.03(d)

Table of Contents

1: Introductory Survey of the Production Field.- I. Integration of Production into Business Administration.- 1. The Notion of Production.- 2. Institutional Division of Business Administration.- 3. Functional Division of Business Administration.- II. Basic Conditions and Tasks of Entrepreneurial Activity.- III. Delimitation of the Research Subject.- IV. Object of the Theory of Production and Cost.- V. Different Fields of Production Planning.- 1. Planning the Production Program.- 2. Choice of the Production Procedure.- 3. Organizing the Productive Potential.- 4. Planning the Production Process.- VI. Production and Management Planning.- VII. Summarizing Survey.- One Production Theory.- 2: Fundamentals of Production Theory.- I. Survey of Developments in Production Theory.- 1. Description of Productive Principles by Technologies.- 2. Types of Production Functions.- 3. Empirical Validity of Production Functions.- 4. Stochastic and Dynamic Extensions.- II. Basic Elements of Production.- 1. Products, Production Factors, Goods.- 2. Activity and Technology.- III. Technologies.- 1. General Assumptions.- 2. Special Forms of Technologies.- 3. Production Matrix and Goods Restrictions for Linear Technologies.- IV. The Efficiency Criterion.- V. Production Functions.- 1. Deduction of the Production Function from Technology.- 2. Relations between Factors and between Products.- 3. Basic Notions of Production Theory for Characterizing Production Functions.- 3: Substitutional Production Functions.- I. Marginal Rate of Substitution, Complementarity, Substitutional Elasticity.- II. The Classical Production Function (Classical Law of Returns).- III. Neoclassic Production Functions.- 1. The Cobb-Douglas Production Function.- 2. The CES Production Function.- 3. Extensions of the CES Production Function.- 4: Limitational Production Functions.- I. Leontief Production Function.- 1. Considerations Based on a Single Production Process.- 2. Investigation of Cases with more than One Production Process.- II. Gutenberg Production Function.- 1. Basic Assumptions and Fundamental Considerations.- 2. Different Kinds of Adjustment as Parameters of Action.- 3. Production Relations between End Product Quantity and Use of Potential Factors for Different Kinds of Adjustments.- 4. The Concept of the Consumption Function for Consumption Factors.- 5. Production Relations between End Product Quantity and Consumption Factor Input for Different Adjustments.- 5: Some Further Approaches in the Field of Static-Deterministic Production Functions.- I. Introductory Remarks.- II Heinen Production Function.- III Engineering Production Functions.- 1. Development and General Formal Description of Engineering Production Functions.- 2. Engineering Production Functions for Single Aggregates.- 3. Engineering Production Functions for Branches of Industry.- 4. Engineering Production Function for a High-Voltage Line.- 5. Engineering Production Function in Aircraft Construction.- IV. Pichler’s Concept of Throughput Functions.- V. Kloock’s Input-Output-Analysis Approach.- 6: Dynamic and Stochastic Extensions in the Field of Production Functions.- I. Preliminary Remarks.- II. The Dynamizing of Production Functions.- 1. Points of Contact between the Static and the Dynamic Approach.- 2. Reasons for a Dynamic Approach.- 3. Dynamizing Forms.- III. Time-Dependent Technologies Resulting from Innovations - Autonomous Technical Progress.- 1. Description of Time-Related Input-Output Relations for Leontief Processes.- 2. Technical Progress in the Gutenberg Production Function.- 3. Krelle’s Dynamic Production Function.- IV. Inclusion of Learning Processes in a Theory of Production - Induced Technical Progress.- 1. A Theoretical Concept of Learning Processes in Manufacturing.- 2. Inclusion of Learning Processes in Different Types of Production Functions.- V. Küpper’s Dynamic Production Function.- VI. Considering Uncertainties of Production by Stochastization of the Production Function.- VII. Model of a Stochastic Production Function on the Basis of the Classical Law of Returns.- 7: Empirical Validity of Production Functions.- I. Different Approaches.- II. A Formal Framework for Analysing the Empirical Validity of Production Functions.- III. Evaluating the Empirical Validity of Specific Production Functions.- 1. The Classical Law of Returns.- 2. The Leontief Production Function.- 3. The Gutenberg Production Function.- 4. The Heinen Production Function.- 5. The Kloock Production Function.- 6. Engineering Production Functions.- 7. Summary.- IV. The Empirical Significance of the Gutenberg Production Function in the Light of Practical Research.- 1. Chances and Limitations of the Gutenberg Production Function.- 2. Lines of Empirical Determination.- 3. Results of Empirical Studies.- Two Cost Theory.- 8: Fundamentals of a Cost Theory and Minimal Cost Combination.- I. Transition from Production Theory to Cost Theory.- II. Costs and Cost-Influencing Factors.- 1. The General Notion of Cost.- 2. Cost-Influencing Factors.- III. Special Notions of Cost.- IV. The Selection Problem in Cost Theory: The Minimal Cost Combination.- 1. Notion and Content of the Minimal Cost Combination.- 2. Minimal Cost Combination for Substitutional Production.- 3. Minimal Cost Combination for Linear-Limitational Production with a Single Production Process.- 4. Minimal Cost Combination for Linear-Limitational Production with Several Production Processes.- V. Minimal Cost Combination for Dynamic Considerations of Production and Cost.- VI. Historical Contributions to Cost Theory.- 9: Cost Functions on the Basis of Special Production Functions.- I. Deriving a Cost Function from a Production Function.- II. Cost Functions on the Basis of the Law-of-Return Production Functions.- III. Cost Functions of the Neoclassic Production Functions.- IV. Cost Functions for the Leontief Production Functions.- V. Cost Functions on the Basis of the Gutenberg Production Function.- 10: Combined Processes of Adjustment for Several Functionally Identical Aggregates.- I. Approaches to Combined Adjustment in the Literature.- II. Adjustments of Time, Intensity, and Quantity of Aggregates that Differ in Costs.- 1. Formulation of the Problem and Assumptions.- 2. The Solution Approach of Pre-Optimized Marginal Costs Functions.- 3. The Solution Method of Dynamic Programming.- III. Combined Adjustment Processes without Adjustments of Time.- 1. Preliminary Remarks.- 2. Adjustment Processes in Cases of Constant Output Intensities.- 3. Adjustment Processes in Cases of Intensity Splitting.- References.- Name Index.

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