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The relationship between aggregate safety stock inventory levels and component part commonality is developed. A simulation experiment strongly supports the functional form of this relationship in an uncertain operating environment. Managers can use these equations to assess the trade-offs...
Persistent link: https://www.econbiz.de/10009208659
This paper concerns a multilocation newsboy problem with normal demand at each location and identical linear holding and penalty cost functions at each location. Consolidation of demand from several facilities is considered, and an expression is derived for the resulting expected holding and...
Persistent link: https://www.econbiz.de/10009208922
This research examines the effectiveness of alternative strategies for dealing with the problem of order instability, or nervousness, which occurs in Material Requirements Planning systems. Nervousness can be particularly disruptive in multi-level production processes where a change in order...
Persistent link: https://www.econbiz.de/10009213957
Inventory systems where leadtimes are stochastic and independent, so that orders are not restricted to arrive in the same sequence in which they were placed, can arise if the vendor with whom orders are placed is unreliable in processing them or if orders for the same item are placed with...
Persistent link: https://www.econbiz.de/10009213971
This study explores the due-date performance of job shop control systems which base job due dates on a time-phased representation of the workload and the machine capacity in the shop. The performance is measured by the mean and the standard deviation of the lateness. Two parameters are used to...
Persistent link: https://www.econbiz.de/10009214188
settings simulated, are inventory record inaccuracy, equipment failures, and vendor reliability. Such results suggest that the …
Persistent link: https://www.econbiz.de/10009214849
In production scheduling, time performance is usually taken to be the province of sequencing models which take task processing times to be given. However, in practice, processing times can often be controlled by the choice of lot sizes which thus have a major impact on makespan, waiting times,...
Persistent link: https://www.econbiz.de/10009197365
Persistent link: https://www.econbiz.de/10014313954
expected to supply electrical energy as economically as possible, and with a high degree of quality and reliability. The … developed countries in general place higher reliability standards on the performance of electricity supply. However, there has … been no significant study in the context of the Indian power sector to analyze reliability in terms of loss of load …
Persistent link: https://www.econbiz.de/10005836142
Reliability in its broad sense refers to the probability that a component or system is able to perform its intended … time the unit/system is available for operation. For practical purposes, reliability rate is estimated using maximum …
Persistent link: https://www.econbiz.de/10005837340