Accession Number:

AD0605121

Title:

SEQUENTIAL PRODUCTION PLANNING OVER TIME AT MINIMUM COST,

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CALIF

Personal Author(s):

Report Date:

1957-02-04

Pagination or Media Count:

10.0

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

Subject Categories:

Distribution Statement:

APPROVED FOR PUBLIC RELEASE