SOME ASPECTS OF THE OPTIMAL PRODUCTION POLICY FOR PRODUCING TWO PRODUCTS UNDER A RESOURCE LIMITATION,
Abstract
A system is considered in which a single produc tion facility may produce either of two products but not both in the same period. Items are pro duced for stock and are available for sale in the period in which they are produced. Demands are random with density functions which are Polya frequency functions. If demand exceeds inven tory plus production in a period, sales are lost. Holding, production, and shortage costs are as sumed linear in their arguments. Setup costs are also discussed. Some characteristics of the optimal are found. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1963
- Accession Number
- AD0410459
Entities
People
- Richard V. Evans
Organizations
- University of California, Los Angeles