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Optimizing Waste Costs in Production Management

Author

Listed:
  • Dinu Daraba

    (Department of Engineering and Technological Management, Technical University of Cluj Napoca)

Abstract

In case of the investment process, the optimization is based on a mathematical model or a range of mathematical models which describe the process. The Choice of the most appropriate mathematical model is the guarantee to obtain useful information for investors. This paper presents a classic analytical method of decreasing the investment cost in the batch production systems that are specific to the engineering industry.

Suggested Citation

  • Dinu Daraba, 2014. "Optimizing Waste Costs in Production Management," Mathematical Modelling with Application in Economics 1405, Technical University of Cluj Napoca, Department of Economics and Physics.
    • Handle: RePEc:clj:icmmae:1405
    as

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    File URL: ftp://econ.cunbm.utcluj.ro/econ/papers/icmmae/icmmae14-05.pdf
    File Function: First version, 2014
    Download Restriction: no
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    References listed on IDEAS

    as
    1. Gratiela Dana Boca, 2014. "A Quality Spiral For Knowledge Management," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 1108-1116, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    linear modeling; classical analytical method; optimization; efficiency; optimal variant;
    All these keywords.

    JEL classification:

    • C46 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Specific Distributions
    • C59 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Other
    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)

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