Koulamas, Christos - In: International Journal of Operations & Production Management 14 (1994) 6, pp. 75-90
Presents a dynamic programming model for studying the effects of automation acquisition on the value, cost, and quality … control processes in an aggregate single product environment. The model provides the optimal automation acquisition policy …, that is the optimal amount of automation to be acquired and the optimal timing for acquiring it, so that the accumulated …