An application of linear decision rules to production and employment scheduling was described in the last issue of this journal [Holt, C. C., F. Modigliani, H. A. Simon. 1955. A linear decision rule for production and employment scheduling. Management Sci. (October).]. The hypothetical...

The decision problems involved in setting the aggregate production rate of a factory and setting the size of its work force are frequently both complex and difficult. The quality of these decisions can be of great importance to the profitability of an individual company, and when viewed on a...