DETERMINISTIC PRODUCTION PLANNING WITH CONCAVE COSTS AND CAPACITY CONSTRAINTS.
Abstract
A multi-period single commodity production planning problem is studied in which known requirements have to be satisfied from current production or inventory. The model differs from earlier well-known studies involving concave cost functions in the introduction of production capacity constraints. The structure of an optimal solution is characterized and then used in a simple dynamic programming algorithm for problems in which the capacities are the same in every period. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 1969
- Accession Number
- AD0701305
Entities
People
- Michael Florian
- Morton Klein
Organizations
- Columbia University