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AMERICAN JOURNAL OF MANAGEMENT
Optimization of a Manufacturing Management Model by a First Variational Technique
Author(s): G. Naadimuthu, S. Waziruddin, E. S. Lee
Citation: G. Naadimuthu, S. Waziruddin, E. S. Lee, (2012) "Optimization of a Manufacturing Management Model by a First Variational Technique," American Journal of Management, Vol. 12, Iss. 2/3, pp. 21 - 30
Article Type: Research paper
Publisher: North American Business Press
Abstract:
A multidimensional dynamic manufacturing management system with unknown production and sales functions is considered. This model consisting of seven state variables and three decision variables is optimized by a first variational technique. Convergence rates of advertisement, sales, inventory, and profit are obtained and illustrated through diagrams.
