An Approach to Linear Inventory-Production Rules

Roger Pinkham
Additional contact information
Roger Pinkham: Department of Mathematics, Princeton University, Princeton, New Jersey

Operations Research, 1958, vol. 6, issue 2, 185-189

Abstract: A method is presented for choosing the constants in a linear production rule so as to achieve an optimal balance between the cost of inventory fluctuation and cost of production-level fluctuation. The central idea is to measure fluctuation by mean-squared error about some level and to give a ready method for computing these “variances” in terms of certain unspecified constants. The constants may subsequently be picked so as to achieve the desired optimal balance. The subject matter of this paper is one of methodology and does not concern itself with a case history.

Date: 1958
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.1287/opre.6.2.185 (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:oropre:v:6:y:1958:i:2:p:185-189

Access Statistics for this article

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