A Problem in Optimal Machine Loading

M. E. Salveson
Additional contact information
M. E. Salveson: General Electric Company, New York

Management Science, 1956, vol. 2, issue 3, 232-260

Abstract: An important managerial problem in manufacturing is to determine the optimum amount and mix of products that can be manufactured from a given set of facilities, such as machine tools. A method is discussed here for handling this problem more effectively in one instance than has been possible. It makes use of several standard procedures, but adapts them and adds others to accommodate the unavoidable difficulty of discreteness in real production situations. The traditional formulation of the economic lot size is shown to be incorrect in the general case and a preferred formulation is presented for the situation studied here. A method of optimizing the amount of in-process inventory to carry in the circumstances of this study also is given.

Date: 1956
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://dx.doi.org/10.1287/mnsc.2.3.232 (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:2:y:1956:i:3:p:232-260

Access Statistics for this article

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