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On Optimal Utilization of Production Processes

Author

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  • Dov Pekelman

    (Tel-Aviv University, Tel-Aviv, Israel)

Abstract

We investigate the optimal utilization of production processes. We focus on finding the optimal shifts from one production process to another over some finite horizon, where a cost on the rate of change is imposed. We also demonstrate the existence of planning and forecast horizons and outline a procedure that identifies them. The forecast horizon indicates the amount of information required to make an optimal decision within the planning horizon. These results are obtained by using control theory, in particular, by analyzing the effect of two state-constraints that are inherent in the problem. The results are demonstrated by numerical examples.

Suggested Citation

  • Dov Pekelman, 1979. "On Optimal Utilization of Production Processes," Operations Research, INFORMS, vol. 27(2), pages 260-278, April.
    • Handle: RePEc:inm:oropre:v:27:y:1979:i:2:p:260-278
    DOI: 10.1287/opre.27.2.260
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    Cited by:

    1. Suresh Chand & Vernon Ning Hsu & Suresh Sethi, 2002. "Forecast, Solution, and Rolling Horizons in Operations Management Problems: A Classified Bibliography," Manufacturing & Service Operations Management, INFORMS, vol. 4(1), pages 25-43, September.

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