Multiproduct Production Scheduling for Style Goods With Limited Capacity, Forecast Revisions and Terminal Delivery (Classic Reprint)

Download or read book Multiproduct Production Scheduling for Style Goods With Limited Capacity, Forecast Revisions and Terminal Delivery (Classic Reprint) written by Warren H. Hausman and published by Forgotten Books. This book was released on 2018-02-24 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Multiproduct Production Scheduling for Style Goods With Limited Capacity, Forecast Revisions and Terminal Delivery Consider a production scheduling problem in which M products are pro duced on a single common production facility and orders are obtained over a relatively short selling season. Delivery is not required until the end of the selling season, linear production costs are present, and production capacity is limited. Let the total time period up to the delivery date be divided up into a number of production periods, and assume that a revised forecast of total demand for each product is available at the beginning of each period. Under these circumstances, how should production be scheduled each period so as to minimize total costs, including costs of overage and underage at the end of the season? In this paper we develop a dynamic programming formulation for this general problem, point out its practical limitations and consider some alternative heuristic approaches. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.