A Sequential Approach to the Feed-Mix Problem

Leonard W. Swanson and James G. Woodruff
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Leonard W. Swanson: Arthur Andersen & Co., Chicago, Illinois
James G. Woodruff: Arthur Andersen & Co., Chicago, Illinois

Operations Research, 1964, vol. 12, issue 1, 89-109

Abstract: A solution to the feed-mix problem is presented that treats the problem as a part of a decision-making system. Three basic approaches are utilized to solve the problem of continual reformulation of many feeds in order to follow market price fluctuations. The resulting system can produce 20 to 30 new formulations in an hour on an IBM 650. Extension of the system to faster computers would make the system more flexible and responsive to grain market fluctuations.

Date: 1964
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