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A Note on the Modigliani-Hohn Production Smoothing Model

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  • Alan S. Manne

Abstract

Modigliani and Hohn [Modigliani, F., F. E. Hohn. 1955. Production planning over time. Econometrica 23 (1, January) 46-66.] have formulated a production planning and inventory control model that appears relevant to an important class of non-stochastic decision-making problems. It is the purpose of this note to suggest: (1) that the Modigliani Hohn problem may be studied in terms of linear programming as well as through the calculus model originally employed; (2) that by working through the stock-flow relationships, it is possible to effect certain conceptual and computational improvements over Edward Bowman's original method for converting this type of problem into the "transportation" form [Bowman, E. H. 1956. Production scheduling by the transportation method of linear programming. J. Oper. Res. Soc. America 4 (1, February) 100-103.]; and (3) that the linear programming version is especially suitable for tracing out the cost implications of stabilizing the work force at alternative levels. Like the "caterer problem" [Jacobs, W. 1954. The caterer problem. Naval Res. Logist. Quart. 1 (2, June) 154-165.] and the "warehousing problem" [Charnes, A., W. W. Cooper. 1955. Generalizations of the warehousing model. Oper. Res. Quart. 6 (4, December) 131-172.], this linear programming model represents another instance in which every basis is pure triangular and contains no elements but zero, +1, and -1.
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Suggested Citation

  • Alan S. Manne, 1956. "A Note on the Modigliani-Hohn Production Smoothing Model," Cowles Foundation Discussion Papers 16, Cowles Foundation for Research in Economics, Yale University.
    • Handle: RePEc:cwl:cwldpp:16
    Note: CFP 113.
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    File URL: https://cowles.yale.edu/sites/default/files/files/pub/d00/d0016.pdf
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    Cited by:

    1. J. M. Blin, 1977. "Development of a Corporate Information System," Discussion Papers 304, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    2. Iara Ciurria-Infosino & Daniel Granot & Frieda Granot & Arthur F. Veinott, 2015. "Multicommodity Production Planning: Qualitative Analysis and Applications," Manufacturing & Service Operations Management, INFORMS, vol. 17(4), pages 589-607, October.

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