Multi Item Production Planning An Extension of the Hmms Rules

Cover Multi Item Production Planning An Extension of the Hmms Rules
Multi Item Production Planning An Extension of the Hmms Rules
Barnard E Barnard Elliot Smith
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In particular no formal restrictions have been incorporated to avoid negative sales, production, or work force. This limitation is not likely to be of practical importance, however, since the characteristics of - 16 - the cost and revenue curves keep the answers within the relevant range, except under very unusual conditions. It will be seen later that no problems of this type were encountered in the actual application of the model.
To solve a set of simultaneous linear equations for their LDR,
... H^^MS have developed a very sophisticated method which reduces the computation necessary for applications to a minimum level. This approach was developed to make computation of these decision variables simple enough that they could be routinely determined using only an ordinary desk calculator [4, p, 92], With sufficient mathematical ingenuity it may be possible to reduce the solution process for the model proposed here to a form where it could be solved on a desk calculator. This does not appear to be a particularly fruitful approach because of the large number of variables which must be determined for each solution, HMMS are satisfied to solve for two variables; aggregate production rate and work force level for the next period.

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