Optimal production run for a process with random linear drift
This paper considers the problem of selecting the optimal production run for a process with random linear drifts. A cost function per unit of finished product is derived. A search algorithm as well as a graphical method are suggested to find the optimal production run. Numerical examples are provided to illustrate how to determine the optimal production run. Finally, a sensitivity analysis of the model is performed.
Year of publication: |
1988
|
---|---|
Authors: | Rahim, M. A. ; Banerjee, P. K. |
Published in: |
Omega. - Elsevier, ISSN 0305-0483. - Vol. 16.1988, 4, p. 347-351
|
Publisher: |
Elsevier |
Saved in:
Saved in favorites
Similar items by person
-
Banerjee, P. K., (2011)
-
Indian agricultural economy: Financing small farmers
Banerjee, P. K., (1977)
-
Effects of Measurement Error on Controlling Two Dependent Process Steps
Yang, Su-Fen, (2007)
- More ...