Capital Accumulation and Production for the Firm: Optimal Dynamic Policies

Donald L. Iglehart
Additional contact information
Donald L. Iglehart: Cornell University

Management Science, 1965, vol. 12, issue 3, 193-205

Abstract: In this paper we consider a firm that must make a production decision and a capital decision at periodic intervals of time. The cost of production is assumed to be convex and the firm is allowed to hold inventories. For a class of inventory and capital costs the optimal production and capital decisions are obtained for an n-period problem. The optimality criterion used is minimization of the expected present value of costs in the n periods.

Date: 1965
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://dx.doi.org/10.1287/mnsc.12.3.193 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:12:y:1965:i:3:p:193-205

Access Statistics for this article

More articles in Management Science from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().