Abstract

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.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.