In many cases it will be possible to separate a production smoothing problem into two parts. One part describes a feedforward production smoothing which may be considered as a "gross regulation." The other part then smoothes the remaining regulation errors of the first part. This "fine...

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...