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Cover image for book Optimisation of Production Under Uncertainty

Optimisation of Production Under Uncertainty

The State-Contingent Approach
By:Svend Rasmussen
Publisher:Springer Nature
Print ISBN:9783642216855
eText ISBN:9783642216862
Edition:0
Copyright:2011
Format:Reflowable

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The book provides a short review of the classical approach to planning and decision making under uncertainty. It further explains the concept of state-contingent goods, and it extends earlier work on the state-contingent approach to describing production under uncertainty to the problems involved in optimising production under uncertainty.