devising vs production

devising and production both are nouns.

Word	Noun	Adjective	Verb	Adverb
devising	Yes	No	No	No
production	Yes	No	No	No

As nouns, production is a hypernym of devising; that is, production is a word with a broader meaning than devising:

devising (noun)	production (noun)
the act that results in something coming to be	the act or process of producing something
	(law) the act of exhibiting in a court of law
	(economics) manufacturing or mining or growing something (usually in large quantities) for sale
	the creation of value or wealth by producing goods and services
	an artifact that has been created by someone or some process
	a presentation for the stage or screen or radio or television
	a display that is exaggerated or unduly complicated
	the quantity of something (as a commodity) that is created (usually within a given period of time)