Theory of Production and Cost

1. Front Matter

   Pages I-XV

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2. Introductory Survey of the Production Field

   1. Introductory Survey of the Production Field

      • Günter Fandel

      Pages 1-25

3. Production Theory

   1. Front Matter

      Pages 27-27

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   2. Fundamentals of Production Theory

      • Günter Fandel

      Pages 29-75

   3. Substitutional Production Functions

      • Günter Fandel

      Pages 76-110

   4. Limitational Production Functions

      • Günter Fandel

      Pages 111-146

   5. Some Further Approaches in the Field of Static-Deterministic Production Functions

      • Günter Fandel

      Pages 147-184

   6. Dynamic and Stochastic Extensions in the Field of Production Functions

      • Günter Fandel

      Pages 185-230

   7. Empirical Validity of Production Functions

      • Günter Fandel

      Pages 231-261

4. Cost Theory

   1. Front Matter

      Pages 263-263

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   2. Fundamentals of a Cost Theory and Minimal Cost Combination

      • Günter Fandel

      Pages 265-314

   3. Cost Functions on the Basis of Special Production Functions

      • Günter Fandel

      Pages 315-354

   4. Combined Processes of Adjustment for Several Functionally Identical Aggregates

      • Günter Fandel

      Pages 355-386

5. Back Matter

   Pages 387-406

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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.

• Activity Analysis
• Adaptation Processes
• Anpassungsprozesse
• Cost Theory
• Kostentheorie
• Production Theory
• Production- and Cost-Functions
• Produktions- und Kostenfunktion
• Produktionstheorie
• efficiency
• manufacturing
• production
• production planning

• Faculty of Economics Department of Production Management, Hagen, Germany

  Günter Fandel

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