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Production Systems Production Processes, Technologies, Efficiency, Optimisation

In: Mathematics and Methodology for Economics

Author

Listed:
  • Wolfgang Eichhorn

    (Karlsruhe Institute of Technology (KIT))

  • Winfried Gleißner

    (University of Applied Sciences Landshut)

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.

Suggested Citation

  • Wolfgang Eichhorn & Winfried Gleißner, 2016. "Production Systems Production Processes, Technologies, Efficiency, Optimisation," Springer Texts in Business and Economics, in: Mathematics and Methodology for Economics, edition 1, chapter 2, pages 45-60, Springer.
    • Handle: RePEc:spr:sptchp:978-3-319-23353-6_2
    DOI: 10.1007/978-3-319-23353-6_2
    as

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