Accession Number : AD0433691

Title :   MULTI-ITEM PRODUCTION AND INVENTORY MANAGEMENT UNDER PRICE UNCERTAINTY,

Corporate Author : CASE INST OF TECH CLEVELAND OHIO

Personal Author(s) : Banerjee,B. P. ; Sengupta,S. S. ; Symonds,G. H.

Report Date : 1944

Pagination or Media Count : 21

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)

Descriptors :   (*PRODUCTION, MATHEMATICAL MODELS), ECONOMICS, MANAGEMENT ENGINEERING

Distribution Statement : APPROVED FOR PUBLIC RELEASE