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Comparative modelling of multi-stage production-inventory control policies with lot sizing
We propose a unified modelling framework, based on a queuing network representation, for describing, comparing and contrasting classical and new multi-stage production-inventory control policies with lot sizing. The classical ...
Minimizing WIP inventory in reliable production lines
This work deals with the well-known buffer allocation problem in short reliable production lines. The objective is to find the optimal buffer allocation (OBA) that minimizes the average work-in-process (WIP) inventory, ...
Tradeoffs between base stock levels, numbers of kanbans, and planned supply lead times in production/inventory systems with advance demand information
We numerically investigate tradeoffs between near-optimal base stock levels, numbers of kanbans, and planned supply lead times in base stock policies and hybrid base stock/kanban policies with advance demand information ...