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We present inventory models to schedule an imperfect manufacturing process where a proportion of the items are defective. The proportion is known; and the production is followed by a 100% inspection. The manufacturer implements a rework strategy to rectify the defective items. Since the rework...
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We study energy consumption and inventory control in a make-to-stock manufacturing system. We consider a Markovian system with a single server. The server consumes energy, and the associated energy cost depends on the server state: a busy server consumes more power than an idle server does, and...
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In a recent paper, Fisher et al. (2001) present a method tomitigate end-effects in lot sizing by including a valuation term for end-of-horizon inventory in the objective function of the short-horizon model. Computational tests show that the proposed method outperforms the Wagner-Whitin algorithm...
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This paper considers a continuous-review, single-product, production-inventory system with a constant replenishment rate, compound Poisson demands, and lost sales. Two objective functions that represent metrics of operational costs are considered: (1) the sum of the expected discounted inventory...
Persistent link: https://www.econbiz.de/10013015653
We study a pure assemble-to-order system subject to multiple demand classes where customer orders arrive according to a compound Poisson process. The finished product is assembled from m different components that are produced on m distinct production facilities in a make-to-stock fashion. We...
Persistent link: https://www.econbiz.de/10012765847
We consider the optimal production and inventory control of an assemble-to-order system with m components, one end-product, and n customer classes. A control policy specifies when to produce each component and, whenever an order is placed, whether or not to satisfy it from on-hand inventory. We...
Persistent link: https://www.econbiz.de/10012754997
This paper investigates the dynamic inventory model for the case when production in a period is restricted to a finite set of specified values. The model allows the production rate to be any value in the set {0, P, 2P, ..., mP}, where m is a nonnegative integer. It is assumed that the setup cost...
Persistent link: https://www.econbiz.de/10012716617