This paper presents a structural and a mathematical framework for the analysis and/or synthesis of a large class of production systems. Service and/or goods producing enterprises are considered to be production systems. The structural framework consists of a generalized schematic involving...

This article presents a mathematical model describing the most general case in equipment investment policy. A systematic study of all other cases in the order of decreasing complexity follows. The general model reduces to their present worth all disbursements and receipts involved in the...