This book sheds new light on long-established concepts of microeconomic production theory and combines general theoretical analysis with references to management tools. It deals with concepts of microeconomic production theory, using the fund-flow model of Nicholas Georgescu-Roegen as a basic reference. This long-neglected model allows for a representation of productive operations that can easily be accommodated to empirical application.For example, for services requiring direct attention which may be interactive to a greater or lesser extent (as those ... On the one hand, a buyer of a car will require the services of an insurance company, a car wash, maintenance services, and so on. ... After a film has been premiered, they buy the DVD, which means having a DVD player and a television screen. ... of service replacement by physical goods: instead of having a broken device repaired a new one is bought to replace it.
|Title||:||Funds, Flows and Time|
|Author||:||Pere Mir-Artigues, Josep Gonzalez-Calvet|
|Publisher||:||Springer Science & Business Media - 2007-06-13|