Solving Production Smoothing Problems
- 1 August 1969
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Management Science
- Vol. 15 (12) , -665-665
- https://doi.org/10.1287/mnsc.15.12.b665
Abstract
This paper analyzes the problem of balancing resource capacity utilization against the costs of user delay or inventory investment. Instead of formulating algorithms to solve more classical versions of the problem, this paper describes ways that organisations can drop the cost curve prior to applying an optimizing algorithm. This is done by classifying the techniques and giving examples from organizations which have faced serious smoothing problems. Other organizations can improve their cost performance by adopting some of these techniques.Keywords
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