MULTI-ITEM PRODUCTION AND INVENTORY MANAGEMENT UNDER PRICE UNCERTAINTY,

Abstract

A model is presented for the derivation and implementation of optimal linear decision rule for a firm producing and dealing in a number of interacting products, and possessing partial influence on their prices. The behavior of a multi-item production-inventory complex is represented as the dynamics of suitably defined state variables under the influence of decision rules that are stable and linear in the state variables, but otherwise unspecified. (Author)

Document Details

Document Type
Technical Report
Publication Date
Jan 01, 1944
Accession Number
AD0433691

Entities

People

  • B. P. Banerjee
  • G. H. Symonds
  • S. S. Sengupta

Organizations

  • Case Western Reserve University

Tags

DTIC Thesaurus Topics

  • Dynamics
  • Inventory
  • Production

Readers

  • Industrial Economics
  • Operations Research
  • Team-Based Human-Centered Cognitive Task Decision Making and Information Performance.