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Details for article 11 of 12 found articles
| Title: |
The Choice of Manufacturing Technology in the Presence of Dynamic Demand and Experience Effects |
| Author: |
Amit, Raphael Ilan, Yael |
| Appeared in: |
IIE transactions |
| Paging: | Volume 22 (1990) nr. 2 pages 100-111 |
| Year: |
1990-06-01 |
| Contents: |
This study investigates the intertemporal manufacturing policy of a firm faced with dynamic demand conditions and experience effects in production. We consider a demand structure characterized by a Mansfield-like product diffusion process and examine two manufacturing processes: a low-volume, high-variable, low-fixed cost function, and a high-volume, low-variable, high-fixed cost function. An investment and production model that incorporates these tradeoffs is formulated and analyzed as a two-phase optimal control problem. The major findings relate to the production rate, the duration of each manufacturing phase, and the switching policies from one phase to the other. Illustrations of the methodology are provided and. discussed. |
| Publisher: |
Taylor & Francis |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 11 of 12 found articles
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