In Part I of this paper, we develop an algorithm for finding planning horizons for the deterministic production smoothing problem when all demand must be met from regular production, under rather general assumptions for the production, production smoothing, and holding cost functions. (In Part...

In Part I of this paper, we developed an algorithm for finding planning horizons for the deterministic production smoothing problem when all demand was required to be met from regular production, under rather general assumptions for the production, production smoothing, and holding cost...

Utility functions are an important component of normative decision analysis, in that they characterize the nature of people's risk-taking attitudes. In this paper we examine various factors that make it difficult to speak of the utility function for a given person. Similarly we show that it is...