Title
A heuristic to control integrated multi-product multi-machine production-inventory systems with job shop routings and stochastic arrival, set-up and processing times
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
Berlin ,
Subject
Economics
Mathematics
Source (journal)
OR Spektrum. - Berlin
Volume/pages
27(2005) :2-3 , p. 399-434
ISSN
0171-6468
ISI
000229688000011
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
This paper investigates a multi-product multi-machine production-inventory system, characterized by job shop routings and stochastic demand interarrival times, set-up times and processing times. The inventory points and the production system are controlled integrally by a centralized decision maker. We present a heuristic that minimizes the relevant costs by making near-optimal production and inventory control decisions while target customer service levels are satisfied. The heuristic is tested in an extensive simulation study and the results are discussed.
E-info
https://repository.uantwerpen.be/docman/iruaauth/5e5928/f144153.pdf
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