SEQUENTIAL PRODUCTION PLANNING OVER TIME AT MINIMUM COST,

Abstract

Production of a given commodity is to be scheduled over time to meet known future requirements while minimizing total costs. The costs include both storage and production costs as functions of time. The unit production cost is an increasing function of the production rate. Previous solutions to this problem involved complicated iterative procedures. A new approach brings out the basic principle involved and leads to a simple solution. This coincides with a common-sense technique sometimes used in business. (Author)

Document Details

Document Type
Technical Report
Publication Date
Feb 04, 1957
Accession Number
AD0605121

Entities

People

  • S. M. Johnson

Organizations

  • RAND Corporation

Tags

DTIC Thesaurus Topics

  • Commerce
  • Commodities
  • Production
  • Production Planning
  • Production Rate

Readers

  • Calculus or Mathematical Analysis
  • Defense Acquisition Program Management
  • Life Cycle Cost Analysis