Optimizing Waste Costs in Production Management

Dinu Daraba ()
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Dinu Daraba: Department of Engineering and Technological Management, Technical University of Cluj Napoca

No 1405, Mathematical Modelling with Application in Economics from Technical University of Cluj Napoca, Department of Economics and Physics

Abstract: In case of the investment process, the optimization is based on a mathematical model or a range of mathematical models which describe the process. The Choice of the most appropriate mathematical model is the guarantee to obtain useful information for investors. This paper presents a classic analytical method of decreasing the investment cost in the batch production systems that are specific to the engineering industry.

Keywords: linear modeling; classical analytical method; optimization; efficiency; optimal variant (search for similar items in EconPapers)
JEL-codes: C46 C59 K10 (search for similar items in EconPapers)
Pages: 5 pages
Date: 2014-06
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Published in Mathematical Modelling with Application in Economics, June 2014, pages 36-40

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