A Dynamic Resource Allocation Model for A Machine Requirements Problem
- 1 September 1978
- journal article
- research article
- Published by Taylor & Francis in A I I E Transactions
- Vol. 10 (3), 237-243
- https://doi.org/10.1080/05695557808975210
Abstract
This paper is concerned with the problem of determining the optimum number of machines to have in a production process. The problem is analyzed as a resource allocation problem involving the minimum cost allocation of limited floor space, capital budget, and available overtime among various types of machines. The dynamic nature of the problem is also included in the analysis. A deterministic mixed integer programming model is described. A numerical example is presented to illustrate the approach and its utility as an alternative way to address the machine requirements problem.Keywords
This publication has 3 references indexed in Scilit:
- Exceptional Paper—Parametric and Postoptimality Analysis in Integer Linear ProgrammingManagement Science, 1977
- The machine requirements problemInternational Journal of Production Research, 1977
- A Linear Decision Rule for Production and Employment SchedulingManagement Science, 1955