Accession Number:

AD0604300

Title:

BOTTLENECK PROBLEMS, FUNCTIONAL EQUATIONS AND DYNAMIC PROGRAMMING

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CA

Personal Author(s):

Report Date:

1954-01-29

Pagination or Media Count:

25.0

Abstract:

A bottleneck problem in the sense that the level of economic activity will be determined by the resource in shortest supply is discussed. A typical problem of the bottleneck type involving the auto industry, the steel industry and the tool industry is presented. The problem is formulated mathematically employing a discrete approximation. After a short discussion of the difficulties of this approach, a continuous approximation is advanced. Finally, the functional equation approach is applied to the theory of dynamic programming.

Subject Categories:

  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE