Special products and uncertainty in production/inventory systems
Special products and uncertainty in production/inventory systems
Research into production/inventory systems has mainly consisted of deterministic, single item and simulation studies. To model these systems satisfactorily, both the stochastic nature of the real world and the interaction between products and capacity must be taken into account. This paper proposes a method for analysing one-stage systems including both these factors using queuing theory, and deals with questions raised by made-to-order products, such as: Which products should be stocked? What special business should be accepted? What is the effect on the stock system? and How can this effect be buffered?
46-54
Williams, T.M.
fb409365-0027-4db3-b401-58a8c8992639
1984
Williams, T.M.
fb409365-0027-4db3-b401-58a8c8992639
Williams, T.M.
(1984)
Special products and uncertainty in production/inventory systems.
European Journal of Operational Research, 15 (1), .
(doi:10.1016/0377-2217(84)90047-X).
Abstract
Research into production/inventory systems has mainly consisted of deterministic, single item and simulation studies. To model these systems satisfactorily, both the stochastic nature of the real world and the interaction between products and capacity must be taken into account. This paper proposes a method for analysing one-stage systems including both these factors using queuing theory, and deals with questions raised by made-to-order products, such as: Which products should be stocked? What special business should be accepted? What is the effect on the stock system? and How can this effect be buffered?
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Published date: 1984
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Local EPrints ID: 36865
URI: http://eprints.soton.ac.uk/id/eprint/36865
ISSN: 0377-2217
PURE UUID: f95c8bf9-1402-416f-845b-dee64f285cd9
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Date deposited: 12 Feb 2007
Last modified: 15 Mar 2024 07:57
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T.M. Williams
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