PRODuCTION PLANNING WITH CONVEX COSTS: A PARAMETRIC STUDY
Abstract
This study is concerned with the problem of choosing the amounts x sub 1, x sub 2,..., x sub n of a single product (or aggregation of several products) to produce in each of n successive time periods 1,2,...,n so as to minimize the total manufacturing costs over the n periods. The requirements r sub 1, r sub 2,..., r sub n for the product occurring in periods 1,2,...,n are assumed to be known in advance. Requirements in a period are satisfied in so far as possible from stock on hand at the beginning of the period and from production during the period. Requirements which cannot be met in this was are back logged until they can be satisfied by subsequent production.
Document Details
- Document Type
- Technical Report
- Publication Date
- May 22, 1963
- Accession Number
- AD0407040
Entities
People
- Arthur F. Veinott
Organizations
- Stanford University