Type of Document Master's Thesis Author Cormia, Carl W. URN etd-07242012-040114 Title An economic optimization model for capacity expansion decisions Degree Master of Science Department Industrial Engineering and Operations Research Advisory Committee
Advisor Name Title Nachlas, Joel A. Committee Chair Agee, Marvin H. Committee Member Mobre, Laurence J. Committee Member Keywords
Date of Defense 1989-01-16 Availability restricted AbstractA model is developed to identify the optimal capital expansion decisions for producers of
s consumable products. The model features an optional selection of corporate level in a product
tree hierarchy and a choice of several optimizing objective functions.
The model assumes that intermediate product demand is directly dependent on demand
for consumable products. Intermediate product demands are derived from demand for
consumable products using a product tree similar to a bill of materials. Restrictions exist on
the productive capacity of all products in the product tree, and interdependences exist between
producers of the various products. Likewise, the availability of labor limits production
capacities for all products in the product tree. The capital available for the capacity
expansions can either be capital equity or corporate debt.
The model identities the expansion strategy which optimizes the chosen economic
objective function. A case study is analyzed with linear programming software to determine
the optimal expansion strategy for a tire manufacturer given a hypothetical market demand for
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