Capacity and Inventory Planning for Make-to-Order Production Systems

Name: Capacity and Inventory Planning for Make-to-Order Production Systems
Brand: Springer Nature
SKU: 9783319008424
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Springer Nature

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9783319008424

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Product Description

The book presents different models for the simultaneous optimization problem of capacity investment and work release rule parameterization. The overall costs are minimized either including backorder costs or considering a service level constraint. The available literature is extended with the integration of a distributed customer required lead time in addition to the actual demand distribution. Furthermore, an endogenous production lead time is introduced. Different models for make-to-order production systems with one or multiple serial processing stages are developed. Capacity investment is linked to the processing rates of the machines or to the number of the machines. Results are equations for service level, tardiness, and FGI lead time insuch a productionsystem.For special cases with M/M/1and M/M/s queues explicitsolutions oftheoptimization problems or optimality conditions concerning capacity investment and work release rule parameterization are provided.

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