Showing 1 - 8 of 8
In this paper, we extend the inventory lot-size model introduced in Ghosh and Chaudhuri (2006) to allow for partial backlogging. In addition, we also relax their assumptions of equal replenishment cycles and constant shortage lengths. For any given number of replenishment cycles, we show that...
Persistent link: https://www.econbiz.de/10009352904
In this paper, we analyse the single machine maximum lateness minimisation scheduling problem with the aging effect, where the job processing times are described by non-decreasing functions dependent on the sum of the normal processing times of already processed jobs. We prove that the...
Persistent link: https://www.econbiz.de/10010670134
We consider the production/inventory control for a recoverable system with stochastic demand and returns where stock is replenished by manufacturing new items or remanufacturing returned items. The optimal control policy found by solving a Markov decision process (MDP) for a given problem...
Persistent link: https://www.econbiz.de/10011266508
Production systems with scrapped and rework items have recently become an interesting subject of research. While most attempts have been focused on finding the optimal production quantity in a simple production system, little work appears on a joint production environment. In this research, two...
Persistent link: https://www.econbiz.de/10009352921
Nowadays, supply chain management (SCM) is a popular practice in manufacturing systems. The concept of SCM has forced members to find ways to cut costs and bring performance benefits to the firms. In the creation of long-term partnerships in the supply chain, the collaboration between supply...
Persistent link: https://www.econbiz.de/10010667485
An inventory system containing uncertainty, e.g., in demand, in costs, in lead time, or in supplied quantity or quality, needs a probability distribution of demand for reorder point models. In the literature on inventory control, many times reference is made to the Normal or Gamma distribution...
Persistent link: https://www.econbiz.de/10008563624
A stochastic version of the economic lot sizing problem with pricing is presented. The control variables of the stochastic problem are the production quantities and cycle lengths for each product. The recourse variables are the sales prices and the external purchase quantities in each production...
Persistent link: https://www.econbiz.de/10011130258
An inventory system containing uncertainty, e.g., in demand, in costs, in lead time, or in supplied quantity or quality, needs a probability distribution of demand for reorder point models. In the literature on inventory control, many times reference is made to the Normal or Gamma distribution...
Persistent link: https://www.econbiz.de/10005553170