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EFFECTS OF LEARNING ON RESOURCE ALLOCATION DECISIONS
Author(s) -
Liao Woody M.
Publication year - 1979
Publication title -
decision sciences
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.238
H-Index - 108
eISSN - 1540-5915
pISSN - 0011-7315
DOI - 10.1111/j.1540-5915.1979.tb00011.x
Subject(s) - computer science , control (management) , linear programming , learning effect , resource allocation , mathematical optimization , operations research , management science , resource planning , artificial intelligence , economics , microeconomics , mathematics , algorithm , computer network , environmental resource management
ABSTRACT Learning curves have important implications for managerial planning and control. This paper considers the effect of learning on managerial planning models for productmix problems that can be handled by a linear‐programming formulation. An approach to incorporate learning effects in the planning model is proposed in this paper. The feasibility and superiority of the proposed approach over the traditional approach are discussed through the use of a linear‐programming problem.