Inventory control of a multiproduct system with a limited production resource

Richard V. Evans

Naval Research Logistics Quarterly, 1967, vol. 14, issue 2, 173-184

Abstract: Optimal control of the production of several products subject to restricted production resources is considered. Linear production, holding and penalty costs are assumed although this is crucial only for production costs. Excess demand results in lost sales. A single point plays an important role in the definition of the optimal policy.

Date: 1967
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Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:14:y:1967:i:2:p:173-184

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