The Problem Of Production

The theory of the firm has been fertile ground for economists. Bylund proposes a new theory, rooted in Austrian economics, which examines the firm as a part of the market, and not as a free-standing entity. In this integrated view, a theory is offered which incorporates entrepreneurship, production, market process and economic development.

The theory of the firm has been fertile ground for economists. Bylund proposes a new theory, rooted in Austrian economics, which examines the firm as a part of the market, and not as a free-standing entity. In this integrated view, a theory is offered which incorporates entrepreneurship, production, market process and economic development.

Production economics is that branch of microeconomics that examines producer decisions. This book focuses on the empirical estimation of these relationships using primal, dual, and differential specifications. The primal specification models production decisions based on the production function — estimation of the input/output relationship and the derivation of optimization behavior from this technical relationship. The dual approach estimates production decisions using economic information such as input and output prices. The textbook then develops the linkages between these relationships. The differential specification is an alternative approach derived from changes in the first-order conditions from cost minimizing behavior. In each case, the theoretical development is followed by different empirical specifications that can be used to estimate the producer's choice.

A quality control philosophy which led to the successful evaluation of problem areas during the production of explosive switches is described. An illustration of the use of this philosophy in solving a specific production problem is presented in detail. An estimated percentage cost comparison is made of explosive switch production with and without the use of extensive quality control.

First published in 1983, Problems in Class Analysis presents a coherent theory of labour’s domination by capital, based upon the notion of the capitalist nature of both the product relations and of the productive forces themselves, including science and technology. The author demonstrates that all knowledges are a product, direct or indirect, of economic relations, so that different knowledges will be the product of different social classes as determined by their position within economic production relations. By posing and re-solving fundamental problems in class analysis, Dr. Carchedi forms a bridge between the theory of the production process and contemporary debates in economics, sociology and epistemology.

This book constitutes the thoroughly refereed post-conference proceedings of the International IFIP WG 5.7 Conference on Advances in Production Management Systems, APMS 2011, held in Stavanger, Norway, in September 2011. The 66 revised and extended full papers were carefully reviewed and selected from 124 papers presented at the conference. The papers are organized in 3 parts: production process, supply chain management, and strategy. They represent the breadth and complexity of topics in operations management, ranging from optimization and use of technology, management of organizations and networks, to sustainable production and globalization. The authors use a broad range of methodological approaches spanning from grounded theory and qualitative methods, via a broad set of statistical methods to modeling and simulation techniques.