Optimal Production Smoothing and Safety Inventory
A new approach is suggested to solve a production smoothing problem. The problem is divided essentially into two subproblems. First the derivation of the optimal smoothing policy is given for a model having a quadratic cost structure. The second step then takes into account the special features of the actually given nonquadratic cost functions. In the framework of a special model the applicability of this approach is discussed.
Year of publication: |
1974
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Authors: | Schneeweiss, Christoph A. |
Published in: |
Management Science. - Institute for Operations Research and the Management Sciences - INFORMS, ISSN 0025-1909. - Vol. 20.1974, 7, p. 1122-1130
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Publisher: |
Institute for Operations Research and the Management Sciences - INFORMS |
Saved in:
Online Resource
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