Accession Number : AD0750117
Title : The Computer Applied to Optimization of Price Considerations and Cost Forecasting in the Food Processing Industry.
Descriptive Note : Research rept.,
Corporate Author : AIR FORCE ACADEMY COLO
Personal Author(s) : Geldbach,Arthur R. ; Smith,Gregg A.
Report Date : MAY 1972
Pagination or Media Count : 88
Abstract : The management of a large-scale feeding facility involves many decisions which depend on the ability to forecast future food prices. Food ordering policies, contract period lengths, and future budget allocations are just a few of the decisions which are based on some knowledge of these food price trends. The ability to identify these future price trends can be an important asset to the facility manager. This study has developed a B5500 FORTRAN computer program which enhances the manager's planning in three ways: It accurately forecasts food costs; it uses these forecasts to determine the costs of future menus; and it uses a randomly generated menu schedule to provide an estimate of future operating expenses. (Author)
Descriptors : (*FOOD DISPENSING, *COSTS), (*AIR FORCE PERSONNEL, FOOD DISPENSING), COMPUTER PROGRAMS, BUDGETS, ALGORITHMS, PROBABILITY, SIMULATION, OPTIMIZATION
Subject Categories : Economics and Cost Analysis
Food, Food Service and Nutrition
Distribution Statement : APPROVED FOR PUBLIC RELEASE