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A Case Study on the Measurement of Rate of Return on Investment in Joint Products: the Problem of m Products Made out of n Components on f Facilities

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Journal of the Operational Research Society

Abstract

A particular joint products situation and the type of industry are first described. Since the measurement of rate of return on inventory investment assumes the knowledge of an inventory value structure, a section is devoted to the definition of a facility capital expense framework for production. The problem is formulated and the solution search technique briefly indicated. Results for a particular problem are presented together with the effects of some elementary parameter variations.

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Authors and Affiliations

  1. Department of Management Sciences, University of Manchester Institute of Science and Technology,

    J. H. Fairrhurst

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  1. J. H. Fairrhurst
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Fairrhurst, J. A Case Study on the Measurement of Rate of Return on Investment in Joint Products: the Problem of m Products Made out of n Components on f Facilities. J Oper Res Soc 23, 459–476 (1972). https://doi.org/10.1057/jors.1972.75

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  • DOI: https://doi.org/10.1057/jors.1972.75

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