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The paper is concerned with the problem of optimal production planning in deterministic pull flow lines with multiple products. The objective is to specify the production policy that minimizes the total inventory and backlog costs overtime. Assuming constant product demands and non-decreasing...
Persistent link: https://www.econbiz.de/10012772150
This paper studies multiproduct inventory models with stochastic demands and a warehousing constraint. Finite horizon as well as stationary and nonstationary discounted-cost infinite-horizon problems are addressed. Existence of optimal feedback policies is established under fairly general...
Persistent link: https://www.econbiz.de/10012766626
This paper is concerned with the problem of production planning in a flexible manufacturing system consisting of a single or parallel failure-prone machines producing a number of different products. The objective is to choose the rates of production of the various products over time in order to...
Persistent link: https://www.econbiz.de/10012835293
This paper is concerned with the problem of production planning in a flexible manufacturing system consisting of a single or parallel failure-prone machines producing a number of different products. The objective is to choose the rates of production of the various products over time in order to...
Persistent link: https://www.econbiz.de/10012835668
The classical economic lot-scheduling problem (ELSP) involves the batch sizing and scheduling of multiple products in a single facility under deterministic conditions over an infinite planning horizon. It is assumed that the products are delivered to customers at continuous rates. In today's...
Persistent link: https://www.econbiz.de/10012935748
We consider a stochastic multi-product inventory model with a ware-housing constraint with the objective of minimizing the expected long-run average cost. Using the vanishing discount approach, a dynamic programming equation and the corresponding verification result are established. The...
Persistent link: https://www.econbiz.de/10012836963
product surpluses over time. We assume constant unit holding and shortage costs and constant demand rates for the part types …
Persistent link: https://www.econbiz.de/10014047597
Persistent link: https://www.econbiz.de/10012838802
in each period based on the observed demand signal in that period. Moreover, the vendor is committed to a specific … with the possibility of supplementing it based on a demand signal observed at the second stage. The problem is to maximize … his expected profit subject to a constraint on his overall service performance across all possible values of the demand …
Persistent link: https://www.econbiz.de/10012757846
a stochastic price-dependent demand. The product's selling season is short, and the supply chain faces great demand … retailer to place an order not exceeding the reserved capacity after a demand information update during a leadtime. We …, and the retailer determines the order quantity and the retail price after observing the demand information in the second …
Persistent link: https://www.econbiz.de/10012758212