The textbook provides the reader with a fundamental introduction to the business management function theory of "Production." To give an overview of the subject's content, various problem areas in the production sector are placed within a comprehensive framework. The production and cost theory extensively addresses the production function of type B and related questions. Other focal points include operational production program planning, issues of material provision with regard to cost minimization, and the planning of optimal production lot sizes in both single-stage and multi-stage production. Additionally, production-oriented management concepts and supply chain management are discussed. The textbook also includes exercises with solutions for practicing the material. This 7th edition has been reviewed and updated.