Guide to Computational Modelling for Decision Processes by Stuart Berry Val Lowndes & Marcello Trovati

Author:Stuart Berry, Val Lowndes & Marcello Trovati
Language: eng
Format: epub
Publisher: Springer International Publishing, Cham

Thus, produce as little as possible on overtime, and when overtime has to be used, produce as late as possible.

In a more general problem, overtime costs more than normal working but not infinitely more; there will be the options:(a)Produce in month using overtime working, or

(b)Produce in month using normal working, k number of month storage

The relevant costs for comparison are as follows:

from which it follows that the produce early and store policy will be used when this option is cheaper than overtime working:

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