The Acquisition of Automation Subject to Diminishing Returns

In this paper, it is assumed that the purchase of automation has the effect of reducing the per unit production and in-process inventory costs. The optimal dynamic mix of automation and manual output is derived to minimize the cost incurred over the planning horizon due to (1) deviating from the fut...

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Bibliographic Details

Published in:	IIE transactions Vol. 17; no. 2; pp. 147 - 156
Main Author:	Gaimon, Cheryl
Format:	Journal Article
Language:	English
Published:	Norcross Taylor & Francis Group 01.06.1985 Taylor & Francis Ltd
Subjects:	Automation Cost reduction Mathematical analysis Operations research Production costs Productivity
ISSN:	0740-817X, 2472-5854, 1545-8830, 2472-5862
Online Access:	Get full text
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