ID: 14473
Authors:
Claude Machline.
Source:
Revista de Administração de Empresas, v. 33, n. 2, p. 76-89, March-April, 1993. 14 page(s).
Keyword:
cost minimization , decision making , Models , production management
Document type: Article (Portuguese)
Show Abstract
Originally published in the September 1968 RAE issue, this paper describes, illustrating it with examples, a classical minimum cost model, which finds application in many industrial administration situations, such as: organizational structuring, purchasing, inventory management, scheduling, quality control, maintenance, logistics, product line dimensioning, service level and others. Iii this versatile model, two costs display opposite trends, and the solution for total cost minimization lies somewhere between the two extreme possible positions.