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Smoothing Start-Up and Shut-Down Costs: Concave Case

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  • Matthew J. Sobel

    (Yale University)

Abstract

We consider nonstationary deterministic production smoothing problems with coats for starting and halting production. Inventory holding costs and production costs are assumed to be concave. The algorithms developed for optimal policies exploit known features of the economic lot size problem.

Suggested Citation

  • Matthew J. Sobel, 1970. "Smoothing Start-Up and Shut-Down Costs: Concave Case," Management Science, INFORMS, vol. 17(1), pages 78-91, September.
    • Handle: RePEc:inm:ormnsc:v:17:y:1970:i:1:p:78-91
    DOI: 10.1287/mnsc.17.1.78
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    Cited by:

    1. Saravanan Kesavan & Bradley R. Staats & Wendell Gilland, 2014. "Volume Flexibility in Services: The Costs and Benefits of Flexible Labor Resources," Management Science, INFORMS, vol. 60(8), pages 1884-1906, August.
    2. Joseph M. Milner & Edieal J. Pinker, 2001. "Contingent Labor Contracting Under Demand and Supply Uncertainty," Management Science, INFORMS, vol. 47(8), pages 1046-1062, August.

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