An economic model for determining the optimal quality and process control policy in a queue-like production system

1990 ◽  
Vol 28 (8) ◽  
pp. 1447-1457 ◽  
Author(s):  
LIE-FERN HSU ◽  
CHARLES S. TAPIERO
2019 ◽  
Vol 97 (Supplement_2) ◽  
pp. 131-132
Author(s):  
Devin L Broadhead ◽  
Matt Stockton ◽  
McKay Erickson ◽  
Jackie A Musgrave ◽  
Rick N Funston

Abstract A 3-yr study evaluated the economic differences between a March and May calving production system of crossbred beef cows and their offspring from the Gudmundsen Sandhills Laboratory, Whitman, NE. Both herds were treated as a common when not in treatment period. Adjusted calf weaning BW was higher (P) for March Calves (226.4 ± 1.1 kg vs 193.4 ± 2 kg). Pregnancy rates (89% vs 91%) were similar through both systems. The stochastic economic model used for the analysis was based on 9 yr of USDA AMS data. The model accounts for most assumptions within each system, including all labor, cull and replacement cow costs and feed costs. This analysis was on the total calf costs, total pair feed costs and average market net return at weaning. March systems wintered on hay had a positive net return 2 out of the 9 yr (Average of -$88.76/calf) and on cornstalks 8 out of 9 years in Dawson County, NE (Average of $62.75/calf). March systems on winter range feed 0.41 kg DM/(cow • d) of supplement had a positive net return 4 out of the 9 yrs (Average of $25.23/calf). The May system, no matter the treatments of range or meadow and with or without supplement, had a positive net return 2 out of the 9 years (Average of $-65.77 and $-83.90/calf). Within this analysis, even with the input costs being higher for March, the net return was still greater in a March vs May system. Further analysis will be done on different trts within each system.


10.12737/235 ◽  
2012 ◽  
Vol 1 (1) ◽  
pp. 0-0 ◽  
Author(s):  
Каманина ◽  
Raisa Kamanina ◽  
Белова ◽  
Svetlana Belova

In the article authors raise the actual direction — food services workers of industrial enterprises. Provision of food should be produced in integrating efforts of resources and the possibilities of partners (industry — trade) on the basis of the organizational and economic model of food production system.


2009 ◽  
Vol 23 (3) ◽  
pp. 489-513 ◽  
Author(s):  
Yifan Xu ◽  
Xiuli Chao

In this article we study the joint optimization of finished goods inventory and pricing in a make-to-stock production system with long-run average profit criterion. The production time is random with controllable rate and the demand is Markovian with rate depending on the sale price. The objective is to dynamically adjust the production rate and the sale price to maximize the long-run average profit. We obtain the optimal dynamic pricing and production control policy and present an efficient bisection algorithm for computing the policy parameters.


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