Applications Of Modern Production Theory

Production and cost functions; Allocation of one variable input; Production with two or more variable inputs; Productions of two or more products; The production process through time; Economics of size and their implications for farms; Introduction to decision theory; Linear programming; Farm adjustments in a changing economy.

This book represents a milestone in the progression of Data Envelop ment Analysis (DEA). It is the first reference text which includes a comprehensive review and comparative discussion of the basic DEA models. The development is anchored in a unified mathematical and graphical treatment and includes the most important modeling ex tensions. In addition, this is the first book that addresses the actual process of conducting DEA analyses including combining DEA and 1 parametric techniques. The book has three other distinctive features. It traces the applications driven evolution and diffusion of DEA models and extensions across disciplinary boundaries. It includes a comprehensive bibliography to serve as a source of references as well as a platform for further develop ments. And, finally, the power of DEA analysis is demonstrated through fifteen novel applications which should serve as an inspiration for future applications and extensions of the methodology. The origin of this book was a Conference on New Uses of DEA in 2 Management and Public Policy which was held at the IC Institute of the University of Texas at Austin on September 27-29, 1989. The conference was made possible through NSF Grant #SES-8722504 (A. Charnes and 2 W. W. Cooper, co-PIs) and the support of the IC Institute.

Modern production concepts can be considered as an essential field of economics nowadays. They help to give valuable insights and thus provide important competitive advantages. There is a broad variety of new approaches to Production Planning and Control (PPC), Just-in-Time (JIT), Flexible Manufacturing Systems (FMS), Flexible Automation (FA), Automated Guided Vehicle Systems (AGVS), Total Quality Control (TQC), and Computer Integrated Manufacturing (CIM), all of which are indispensable cornerstones in this context. This book presents in a condensed and easy-to-comprehend form the different contributions of a group of internationally recommended scientists. The varied approaches to modern production concepts are not only based on theoretical foundations but also go one step further in that they present the implementation of these concepts and methods in detail. This close link with practical aspects will help to illuminate the theoretical material for researchers and students in universities. The book will be of major importance for practitioners involved in solving everyday industrial problems. The interdisciplinary nature of these contributions will help to create a new and valuable perspective on the field of production concepts.

This book covers the basic theory of how, what and when firms should produce to maximise profits. Based on the neoclassical theory of the firm presented in most general microeconomic textbooks, it extends the general treatment and focuses on the application of the theory to specific problems that the firm faces when making production decisions to maximise profits. Increasing level of government regulation and the use of specialised and often very expensive equipment in modern production motivates the following focus areas: 1) How to optimise production under restrictions., 2) Treatment of fixed inputs and the process of input fixation, 3) Optimisation of production over time, 4) Linear and Mixed Integer Programming as tools for optimisation in practice. This updated second edition includes a more comprehensive introduction to the theory of decision making under risk and uncertainty as well as a new chapter on how to use linear programming to generate the supply function of the firm.

Control Theory Applications for Dynamic Production Systems Apply the fundamental tools of linear control theory to model, analyze, design, and understand the behavior of dynamic production systems In Control Theory Applications for Dynamic Production Systems: Time and Frequency Methods for Analysis and Design, distinguished manufacturing engineer Dr. Neil A. Duffie delivers a comprehensive explanation of how core concepts of control theorical analysis and design can be applied to production systems. Time-based perspectives on response to turbulence are augmented by frequency-based perspectives, fostering new understanding and guiding design of decision-making. The time delays intrinsic to decision making and decision implementation in production systems are addressed throughout. Readers will discover methods for calculating time response and frequency response, modeling using transfer functions, assessing stability, and design of decision making for closed-loop production systems. The author has included real-world examples emphasizing the different components of production systems and illustrating how practical results can be quickly obtained using straightforward Matlab programs (which can easily be translated to other platforms). Avoiding unnecessary theoretical jargon, this book fosters an in-depth understanding of key tools of control system engineering. It offers: A thorough introduction to core control theoretical concepts of analysis and design of dynamic production systems Comprehensive and integrated explorations of continuous-time and discrete-time models of production systems, employing transfer functions and block diagrams Practical discussions of time response, frequency response, fundamental dynamic behavior, closed-loop production systems, and the design of decision-making In-depth examples of the analysis and design of complex dynamic behavior requiring approaches such as matrices of transfer functions and modeling of multiple sampling rates Perfect for production, manufacturing, industrial, and control system engineers, Control Theory Applications for Dynamic Production Systems will also earn a place in the libraries of students taking advanced courses on industrial system digitalization, dynamics, and design.

Production theory and the theory of cost both belong to the central areas of business administration, for all considerations concerning the economic organization of industrial manufacturing processes start from these. Two developments in the past 30 years have had a considerable influence on the structure and the concentration on points of emphasis in this book. I am referring to findings from KOOPMANS' activity analysis and to the formulation by GUTENBERG of a production function concept that focuses on industrial production processes. Activity analysis has made it possible to develop, from a uniform approach, different types of production functions which describe the concrete principles of production in the productive sector of a business enterprise; this has created a common basis for all production concepts in business administration. The Gutenberg Production Function with its different kinds of adjustment to a changing output has opened up a flexibility to theoretical and practical considerations that gave rise to a large number of additional studies in this area. Considerations in cost theory were in particular need of considerable extensions in the direction of cost minimal combined adjustment processes. By means of the organization of its contents, this book will take both approaches into due account. In that way, it is vastly different from other books dealing with the same subject. As a matter of course, traditional analytical methods and ways of thinking also constitute a large part of the book.

Based on the philosophy of Systems Science and the law of evolution theory, the book, by applying the methods of structural functionalism, divides the modern social system into human-culture, economy, polity, science, law, education and other sub-systems through the systematic synthesis of disciplines such as economics, sociology, management, politics, culture theories, history and philosophy, and explores the connection between these sub-systems and their intricate relation with social progress, thus depicting the historical trajectory of the long-term evolution of human social system. Starting from the actual production and operation of the firms, the author systematically analyses the organic connections and sophisticated operating process of social reproduction in modern society from micro, meso and macro, revealing the dynamic structure and evolutionary laws of the social economic system. This book reveals the fractal features such as self-similarity, hierarchy, and recursiveness in the general structure of the firm system, the sector system and the national economic system, thereby integrating micro-, meso- and macro-economics into a unified theoretical framework. This integration is interdisciplinary, and has gone beyond the economics. It can be regarded as the fourth grand synthesis in the history of economics after John Stuart Mill (1806-1873), Alfred Marshall (1842-1924) and Samuelson (1915-2009).