Showing papers on "Managerial economics published in 1989"
TL;DR: A central mission of scholars and educators in professional schools of management, health, education, and social work is to conduct research that contributes knowledge to a scientific discipline, and to apply that knowledge to the practice of management as a profession as discussed by the authors.
Abstract: A central mission of scholars and educators in professional schools of management, health, education, and social work is to conduct research that contributes knowledge to a scientific discipline, on the one hand, and to apply that knowledge to the practice of management as a profession, on the other (Simon, 1967). To do this well, we need to design our research so that it provides an intimate understanding of the practical problems facing the profession. Equally important, we need to appreciate and strengthen our skills in developing good theory so that research conducted about these problems will advance the knowledge that is relevant to both the discipline and the profession. Lewin's (1945) statement that "nothing is so practical as a good theory" captures a theme that is as important today as it was in Lewin's time. Good theory is practical precisely because it advances knowledge in a scientific discipline, guides research toward crucial questions, and enlightens the profession of management. This spec...
529 citations
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01 Jan 1989
TL;DR: In this paper, the nature and scope of managerial economics optimization techniques are discussed, including the role of government in the economy risk analysis long-run investment decisions - capital budgeting.
Abstract: Part 1 Introduction: the nature and scope of managerial economics optimization techniques. Part 2 Demand analysis: demand theory demand estimation demand forecasting. Part 3 Production and cost analysis: production theory and estimation cost theory and estimation linear programming. Part 4 Market structure and pricing practices: market structure - perfect competition, monopoly, and monopolistic competition oligopoly and strategic behaviour pricing practices. Part 5 Regulation risk analysis and capital budgeting: regulation and antitrust - the role of government in the economy risk analysis long-run investment decisions - capital budgeting.
126 citations
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03 Jan 198955 citations
Book•
01 Jan 1989
TL;DR: In this paper, the authors introduce models and their uses in economics, including models, theories, and data induction and deduction in economics Positivism Methodological Individualism Principles of Economics Equilibrium Concepts in Economics Theories of Utility and Entrepreneurship Empirical Models in Economics Economic Imperialism Economic Models and Methodology Bibliography Index
Abstract: Preface Introduction Models and Their Uses Models, Theories, and Data Induction and Deduction in Economics Positivism Methodological Individualism Principles of Economics Equilibrium Concepts in Economics Theories of Utility and Entrepreneurship Empirical Models in Economics Economic Imperialism Economic Models and Methodology Bibliography Index
39 citations
Book•
15 Mar 1989
TL;DR: In this paper, the authors present a framework for decision making in the context of over-draft optimization and reasoning at the margin, and present a computer-based approach to Linear Programming Profits and Objectives.
Abstract: Acknowledgements.- A Framework for Decision.- Application 1: The Overdraft Optimisation: Reasoning at the Margin Application.- 2: A Computer Based Approach to Linear Programming Profits and Objectives Application.- 3: Dominant Share-ownership and Profitability Uncertainty: Managing the Future Application.- 4: Sainsburys and a Haul of Contraband Butter Demand Theory and Estimation Application.- 5: Forecasting Production Application.- 6: The Flow of Oil Cost Theory and Estimation Application.- 7: Size and Efficiency in the Building Society Industry The Competitive Environment Application.- 8: Late Entry and Competitive Survival, The Case of Synthetic Fibres Pricing Decisions Application.- 9: Pricing Estate and Saloon Cars Marketing Decisions Application.- 10: Worldwide Computer Corporation Inventory Decisions Application.- 11: Reading Electricity Meters Employment and Labour Management Decisions Application.- 12: Output Elasticity in the South Wales Engineering Industry Investment Decisions Application.- 13: The Social Return on Investment.- Concluding Remarks and Neglected Decisions.
11 citations
Posted Content•
7 citations
01 Aug 1989
TL;DR: The CAPM assumptions, their implications, and empirical tests have been examined in this article, where they have been used to guide inquiry in strategic management, however, examination of the assumptions and their implications has not yet been explored.
Abstract: Researchers have begun to use the Capital Asset Pricing Model (CAPM) to guide inquiry in strategic management. However, examination of the CAPM assumptions, their implications, and empirical tests ...
3 citations
TL;DR: In this paper, the authors examined the effect of computer-related assignments on the performance of business and economics students and found that participation in computer related projects appears to have no significant effect on student performance measured by course grade.
Book•
01 Feb 1989
TL;DR: The scope and nature of economics techniques of analysis optimization risk analysis regression analysis demand theory demand estimation and forecasting production theory and estimation cost theory and estimating linear programming market structure pricing practices regulation and antitrust the role of the government in the economy capital budgeting public goods benefit-cost analysis.
Abstract: The scope and nature of economics techniques of analysis optimization risk analysis regression analysis demand theory demand estimation and forecasting production theory and estimation cost theory and estimation linear programming market structure pricing practices regulation and antitrust the role of the government in the economy capital budgeting public goods benefit-cost analysis appendix.
TL;DR: Experimental economics: What is experimental economics? as discussed by the authors explains the development of experimental economics and outlines some of its conclusions, as well as its application in the Commodity Research Unit (CRU).
Abstract: What is experimental economics? David Butler, of the Commodity Research Unit, explains the development of experimental economics and outlines some of its conclusions.