Optimal Production Planning by a Gradient Technique I. First Variations

E. S. Lee and M. A. Shaikh
Additional contact information
E. S. Lee: Kansas State University
M. A. Shaikh: Kansas State University

Management Science, 1969, vol. 16, issue 1, 109-117

Abstract: A gradient technique baaed on the first variations is used to solve a production scheduling problem with known sales forecasting. The function to be minimized is the sum of the costs derived from holding inventories, stockouts, and the deviation of the production rate from the optimal rate for the plant. This technique has the advantage of being able to investigate problems with a large number of state variables and can also be extended to multiproduct, multifacility operations with complex interconnections.

Date: 1969
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.1287/mnsc.16.1.109 (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:16:y:1969:i:1:p:109-117

Access Statistics for this article

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