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Production Systems Production Processes, Technologies, Efficiency, Optimisation

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Mathematics and Methodology for Economics

Part of the book series: Springer Texts in Business and Economics ((STBE))

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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.

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Eichhorn, W., Gleißner, W. (2016). Production Systems Production Processes, Technologies, Efficiency, Optimisation. In: Mathematics and Methodology for Economics. Springer Texts in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-23353-6_2

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