INVENTORY CONTROL OF A MULTIPRODUCT SYSTEM WITH A LIMITED PRODUCTION RESOURCE,

Abstract

Optimal control of the production of several products subject to restricted production resources is considered. Linear production, holding and penalty costs are assumed although this is crucial only for production costs. Excess demand results in lost sales. A single point plays an important role in the definition of the optimal policy. (Author)

Document Details

Document Type
Technical Report
Publication Date
Aug 01, 1964
Accession Number
AD0607801

Entities

People

  • Richard V. Evans

Organizations

  • University of California, Los Angeles

Tags

DTIC Thesaurus Topics

  • Inventory Control
  • Production

Readers

  • Government Contracting/Procurement.
  • Operations Research