Optimal production run for a process with random linear drift
This paper considers the problem of selecting the optimal production run for a process with random linear drifts. A cost function per unit of finished product is derived. A search algorithm as well as a graphical method are suggested to find the optimal production run. Numerical examples are provided to illustrate how to determine the optimal production run. Finally, a sensitivity analysis of the model is performed.
Year of publication: |
1988
|
---|---|
Authors: | Rahim, M. A. ; Banerjee, P. K. |
Published in: |
Omega. - Elsevier, ISSN 0305-0483. - Vol. 16.1988, 4, p. 347-351
|
Publisher: |
Elsevier |
Saved in:
Online Resource
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