Make-to-order policies for a stochastic lot-sizing problem using overtime
Article Abstract:
Four different methods for making near-optimal decisions for the make-to-order problem of producing a single item with partial customer-order information and the possibility of overtime have developed. Production starts during a period for which the required deliveries are at least x units during the (x, T)-rule. For the LCP strategy, production decisions are based on available information on future demand but lot sizes do not necessarily cover the known demand for a fixed number of periods.
Publication Name: International Journal of Production Economics
Subject: Engineering and manufacturing industries
ISSN: 0925-5273
Year: 1998
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An optimal production run length in deteriorating production processes
Article Abstract:
An extension of an EMQ model in deteriorating production that was proposed by MJ Rosenblatt and HL Lee is presented. The behavior of the model is examined by a numerical experiment using cost and process parameters. An optimal production run length and a minimum average cost are obtained in three deteriorating processes which include exponentially increasing, constant and linearly increasing processes.
Publication Name: International Journal of Production Economics
Subject: Engineering and manufacturing industries
ISSN: 0925-5273
Year: 1999
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