Accession Number : AD0607801

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

Corporate Author : CALIFORNIA UNIV LOS ANGELES

Personal Author(s) : Evans,Richard V.

Report Date : AUG 1964

Pagination or Media Count : 22

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)

Descriptors :   (*INVENTORY CONTROL, MANAGEMENT ENGINEERING), (*MANAGEMENT ENGINEERING, INDUSTRIAL PRODUCTION), (*MANAGEMENT PLANNING AND CONTROL, MATHEMATICAL MODELS), OPERATIONS RESEARCH, DYNAMIC PROGRAMMING, COSTS, EQUATIONS

Distribution Statement : APPROVED FOR PUBLIC RELEASE