An Optimal Strategy for Capacity Expansion
作者:
Juan Carlos Berretta,
Fereidoun Mobasheri,
期刊:
The Engineering Economist
(Taylor Available online 1972)
卷期:
Volume 17,
issue 2
页码: 79-98
ISSN:0013-791X
年代: 1972
DOI:10.1080/00137917208902703
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
A mathematical model is developed for determining the optimal sequence of expansions for a processing industry. The demand for the output is increasing over time at a geometric rate. The economic objective is minimization of the present worth of the total system cost to meet this growing demand. The cost includes the expenditure for development and operation of local plants and the cost of importing products when the supply from these plants is not adequate to meet the demand.
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