Isbn: 9781332982189 - a stochastic theory of the firm (classic reprint) (4 risultati)

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condizione: New. Print on Demand. This book presents a novel model for make-to-stock firms founded on the idea that actual production and demand occur as random, countable events. The author extends classic monopoly theory by incorporating dynamic aspects and stochastic uncertainties to create a model that more accurately reflects real-world complexities. Through optimising functions that consider both short-term decision-making and long-term capacity planning, the book examines the relationship between pricing strategy and production decisions. It also explores how achievable capacity expands as cumulative production increases, capturing the learning curve effect observed in many industries. By doing so, the book provides a comprehensive and dynamic theory of the firm that adds depth to our understanding of production and pricing strategies in uncertain environments. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…

Paperback. Condizione: Brand New. 34 pages. 8.98x6.02x0.12 inches. This item is printed on demand.