DISCOUNTED PRODUCTION SCHEDULING AND EMPLOYMENT SMOOTHING.
STANFORD UNIV CALIF GRADUATE SCHOOL OF BUSINESS
Pagination or Media Count:
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.
- Administration and Management
- Operations Research
- Manufacturing and Industrial Engineering and Control of Production Systems