Accession Number : AD0657624
Title : DISCOUNTED PRODUCTION SCHEDULING AND EMPLOYMENT SMOOTHING.
Descriptive Note : Technical rept.,
Corporate Author : STANFORD UNIV CALIF GRADUATE SCHOOL OF BUSINESS
Personal Author(s) : Lippman,Steven A. ; Yuan,John S. C.
Report Date : AUG 1967
Pagination or Media Count : 27
Abstract : The report discusses the problem of minimizing the sum of production, employment smoothing, and inventory costs over a finite number of time periods. We require that the known demands be met each period. There are two modes of production, termed regular-time and overtime, the latter constrained to be no greater than a fixed proportion of the work force. We also permit a distinction between the amount of labor employed at regular-time and the level of the work force. There is a piece-wise linear cost associated with fluctuations in the work force, a nondecreasing inventory holding cost, and a production cost which subsumes convexity in the levels of regular-time, over-time, and work force.
Descriptors : (*INVENTORY CONTROL, COSTS), (*PRODUCTION CONTROL, COSTS), (*EMPLOYMENT, COSTS), MANAGEMENT PLANNING AND CONTROL, OPTIMIZATION, MATHEMATICAL MODELS, ALGORITHMS, DECISION MAKING, OPERATIONS RESEARCH, THEOREMS
Subject Categories : Administration and Management
Mfg & Industrial Eng & Control of Product Sys
Distribution Statement : APPROVED FOR PUBLIC RELEASE