IDEAS home Printed from https://ideas.repec.org/a/inm/oropre/v6y1958i2p185-189.html
   My bibliography  Save this article

An Approach to Linear Inventory-Production Rules

Author

Listed:
  • Roger Pinkham

    (Department of Mathematics, Princeton University, Princeton, New Jersey)

Abstract

A method is presented for choosing the constants in a linear production rule so as to achieve an optimal balance between the cost of inventory fluctuation and cost of production-level fluctuation. The central idea is to measure fluctuation by mean-squared error about some level and to give a ready method for computing these “variances” in terms of certain unspecified constants. The constants may subsequently be picked so as to achieve the desired optimal balance. The subject matter of this paper is one of methodology and does not concern itself with a case history.

Suggested Citation

  • Roger Pinkham, 1958. "An Approach to Linear Inventory-Production Rules," Operations Research, INFORMS, vol. 6(2), pages 185-189, April.
    • Handle: RePEc:inm:oropre:v:6:y:1958:i:2:p:185-189
    DOI: 10.1287/opre.6.2.185
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/opre.6.2.185
    Download Restriction: no
    File URL: https://libkey.io/10.1287/opre.6.2.185?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:oropre:v:6:y:1958:i:2:p:185-189. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.