Application of dynamic programming to production scheduling in a footwear manufacturing firm
This thesis is the application of production scheduling using dynamic programming to Polymer Rubber Corp.. Given the demands for the products, a production schedule that would minimize costs, maximize profit and meet demand requirements on time would like to be devised. This study aims to be able to...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Animo Repository
1986
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/etd_bachelors/15996 |
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| Institution: | De La Salle University |
| Language: | English |
| Summary: | This thesis is the application of production scheduling using dynamic programming to Polymer Rubber Corp.. Given the demands for the products, a production schedule that would minimize costs, maximize profit and meet demand requirements on time would like to be devised. This study aims to be able to apply production scheduling using dynamic programming in the determination of the optimal policy for the two products of the company, namely component soles and rubber sandals. This study will be limited to the analysis of the production schedule of the company only considering the demands, costs and production capacities of each of the two products. The problem will be analyzed in the deterministic approach of dynamic programming using the backward recursion method. Using this method, production schedules that minimized costs and met demand requirements on time were arrived at. The arrived policies yielded greater profits than the company's present policies. |
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