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Synopsis
A. Planning Company Operations: The General Problem At more or less regular intervals, the management of an industrial enter prise is confronted with the problem of planning operations for a coming period. Within this category of management problems falls not only the overall planning of the company's aggregate production but problems of a more limited nature such as, for example, figuring the least-cost combina tion of raw materials for given output or the optimal transportation schedule. Any such problem of production planning is most rationally solved in two stages: (i) The first stage is to determine the feasible alternatives. For example, what alternative production schedules are at all compatible with the given capacity limitations? What combinations of raw materials satisfy the given quality specifications for the products? etc. The data required for solving this part of the problem are largely of a technological nature. (ii) The second is to select from among these alternatives one which is economically optimal: for example, the aggregate production programme which will lead to maximum profit, or the least-cost combination of raw materials. This is where the economist comes in; indeed, any economic problem is concerned with making a choice be.tween alternatives, using some criterion of optimal utilization of resources.
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- PublisherSpringer
- Publication date1974
- ISBN 10 3211811893
- ISBN 13 9783211811894
- BindingPaperback
- LanguageEnglish
- Number of pages184
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Linear Programming in Industry: Theory And Applications An Introduction
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Linear Programming in Industry: Theory and Applications An Introduction
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Linear Programming in Industry: Theory and Applications An Introduction
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Linear Programming in Industry: Theory and Applications An Introduction
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Linear Programming in Industry: Theory And Applications An Introduction
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Linear Programming in Industry : Theory and Applications An Introduction
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Taschenbuch. Condition: Neu. Druck auf Anfrage Neuware - Printed after ordering - A. Planning Company Operations: The General Problem At more or less regular intervals, the management of an industrial enter prise is confronted with the problem of planning operations for a coming period. Within this category of management problems falls not only the overall planning of the company's aggregate production but problems of a more limited nature such as, for example, figuring the least-cost combina tion of raw materials for given output or the optimal transportation schedule. Any such problem of production planning is most rationally solved in two stages: (i) The first stage is to determine the feasible alternatives. For example, what alternative production schedules are at all compatible with the given capacity limitations What combinations of raw materials satisfy the given quality specifications for the products etc. The data required for solving this part of the problem are largely of a technological nature. (ii) The second is to select from among these alternatives one which is economically optimal: for example, the aggregate production programme which will lead to maximum profit, or the least-cost combination of raw materials. This is where the economist comes in; indeed, any economic problem is concerned with making a choice be.tween alternatives, using some criterion of optimal utilization of resources. Seller Inventory # 9783211811894
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Linear Programming in Industry
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Linear Programming in Industry
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Springer Vienna Mrz 1974, 1974
ISBN 10: 3211811893
ISBN 13: 9783211811894
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -A. Planning Company Operations: The General Problem At more or less regular intervals, the management of an industrial enter prise is confronted with the problem of planning operations for a coming period. Within this category of management problems falls not only the overall planning of the company's aggregate production but problems of a more limited nature such as, for example, figuring the least-cost combina tion of raw materials for given output or the optimal transportation schedule. Any such problem of production planning is most rationally solved in two stages: (i) The first stage is to determine the feasible alternatives. For example, what alternative production schedules are at all compatible with the given capacity limitations What combinations of raw materials satisfy the given quality specifications for the products etc. The data required for solving this part of the problem are largely of a technological nature. (ii) The second is to select from among these alternatives one which is economically optimal: for example, the aggregate production programme which will lead to maximum profit, or the least-cost combination of raw materials. This is where the economist comes in; indeed, any economic problem is concerned with making a choice be.tween alternatives, using some criterion of optimal utilization of resources. 188 pp. Englisch. Seller Inventory # 9783211811894
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Linear Programming in Industry: Theory and Applications An Introduction
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