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A procedure for the optimal phase-out of product lines

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1 Author(s)
Roland Schinzinger ; Univ. California, Irvine, CA, USA

The phasing out of products is not an uncommon occurrence in times of rapid technological change. The problem of terminating the production of complex apparatus is compounded when it involves entire families of related products. This paper describes a linear programming procedure that establishes an optimal policy of phase-out so that the final production runs will reduce the terminal inventory consistent with maximum income at an acceptable return on investment.

Published in:

IEEE Transactions on Engineering Management  (Volume:EM-18 ,  Issue: 4 )