Accession Number : AD0605121

Title :   SEQUENTIAL PRODUCTION PLANNING OVER TIME AT MINIMUM COST,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Johnson,S. M.

Report Date : 04 FEB 1957

Pagination or Media Count : 10

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)

Descriptors :   (*MANAGEMENT PLANNING AND CONTROL, COMBINATORIAL ANALYSIS), (*SCHEDULING, PRODUCTION), TIME, COSTS, SEQUENCES(MATHEMATICS), STORAGE, FUNCTIONS(MATHEMATICS), GAME THEORY

Distribution Statement : APPROVED FOR PUBLIC RELEASE