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Production Over Time

In: Production Economics

Author

Listed:
  • Svend Rasmussen

    (University of Copenhagen)

Abstract

Time is a key input in all kinds of production. However, the subject of using time for production is more relevant in some industries than in others. The distinguishing feature of agriculture and other biologically based industries compared to other industries is the fact that production often takes quite a long time. Just think of the production of wood from beech trees, which first reach maturity after 50–100 years of growth!

Suggested Citation

  • Svend Rasmussen, 2013. "Production Over Time," Springer Texts in Business and Economics, in: Production Economics, edition 2, chapter 14, pages 145-162, Springer.
    • Handle: RePEc:spr:sptchp:978-3-642-30200-8_14
    DOI: 10.1007/978-3-642-30200-8_14
    as

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