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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Vydané v:	IIE transactions Ročník 17; číslo 2; s. 147 - 156
Hlavný autor:	Gaimon, Cheryl
Médium:	Journal Article
Jazyk:	English
Vydavateľské údaje:	Norcross Taylor & Francis Group 01.06.1985 Taylor & Francis Ltd
Predmet:	Automation Cost reduction Mathematical analysis Operations research Production costs Productivity
ISSN:	0740-817X, 2472-5854, 1545-8830, 2472-5862
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