• DocumentCode
    2609709
  • Title

    Cost optimization of production process

  • Author

    Zhang, Yang ; Wu, Zhe ; Wu, Song ; Cao, Jun

  • Author_Institution
    Coll. of Sci., Northeast Forestry Univ., Harbin, China
  • fYear
    2011
  • fDate
    27-29 June 2011
  • Firstpage
    309
  • Lastpage
    312
  • Abstract
    This paper puts forward a method for optimizing production cost of a special kind of production with randomicity. This method transforms stochastic optimization into a determinable one. It has two steps: first, by the means of mean production efficiency, the problem is transformed into a discrete variate optimization one without randomicity; second, by the means of penalty function method, the discrete variate optimization problem is transformed into a continuous variate optimization problem. This method is expected to be effective for production cost optimization of mass production.
  • Keywords
    costing; industrial economics; mass production; stochastic programming; continuous variate optimization; discrete variate optimization; mass production; mean production efficiency; penalty function method; production process cost optimization; randomicity; stochastic optimization; Conferences; Educational institutions; Mathematical model; Optimization; Production; Stochastic processes; Transforms; dispatch; penalty function; stochastic optimization;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Computer Science and Service System (CSSS), 2011 International Conference on
  • Conference_Location
    Nanjing
  • Print_ISBN
    978-1-4244-9762-1
  • Type

    conf

  • DOI
    10.1109/CSSS.2011.5974118
  • Filename
    5974118