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Article: An inventory model for manufacturing systems with delivery time guarantees

TitleAn inventory model for manufacturing systems with delivery time guarantees
Authors
Issue Date1998
PublisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/cor
Citation
Computers And Operations Research, 1998, v. 25 n. 5, p. 367-377 How to Cite?
AbstractThis paper studies optimal (s,S) policies for production planning in one-machine manufacturing systems. The machine produces one type of product with delivery time guarantees on the products offered to the customers. The inter-arrival time of the demand and the processing time for one unit of product are assumed to be exponentially distributed. The total delivery time (total lead time) consists of two parts: the cycle time and the delivery time. The cycle time is the time between the arrival of an order and the time requested product leaves the manufacturing system. The delivery time is the time from the manufacturing system to the customer. We model the delivery time by a shifted exponential distribution. Unbiased and consistent estimators are derived for this distribution. The analytical form of the steady state probability distribution for the inventory levels is derived. The average profit of the system can be written in terms of the resulting probability distribution. Hence the optimal (s,S) policy can be obtained by varying different possible values of s and S. © 1998 Elsevier Science Ltd. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/156069
ISSN
2015 Impact Factor: 1.988
2015 SCImago Journal Rankings: 2.237
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorChing, WKen_US
dc.date.accessioned2012-08-08T08:40:16Z-
dc.date.available2012-08-08T08:40:16Z-
dc.date.issued1998en_US
dc.identifier.citationComputers And Operations Research, 1998, v. 25 n. 5, p. 367-377en_US
dc.identifier.issn0305-0548en_US
dc.identifier.urihttp://hdl.handle.net/10722/156069-
dc.description.abstractThis paper studies optimal (s,S) policies for production planning in one-machine manufacturing systems. The machine produces one type of product with delivery time guarantees on the products offered to the customers. The inter-arrival time of the demand and the processing time for one unit of product are assumed to be exponentially distributed. The total delivery time (total lead time) consists of two parts: the cycle time and the delivery time. The cycle time is the time between the arrival of an order and the time requested product leaves the manufacturing system. The delivery time is the time from the manufacturing system to the customer. We model the delivery time by a shifted exponential distribution. Unbiased and consistent estimators are derived for this distribution. The analytical form of the steady state probability distribution for the inventory levels is derived. The average profit of the system can be written in terms of the resulting probability distribution. Hence the optimal (s,S) policy can be obtained by varying different possible values of s and S. © 1998 Elsevier Science Ltd. All rights reserved.en_US
dc.languageengen_US
dc.publisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/coren_US
dc.relation.ispartofComputers and Operations Researchen_US
dc.titleAn inventory model for manufacturing systems with delivery time guaranteesen_US
dc.typeArticleen_US
dc.identifier.emailChing, WK:wching@hku.hken_US
dc.identifier.authorityChing, WK=rp00679en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1016/S0305-0548(97)00077-4-
dc.identifier.scopuseid_2-s2.0-0032068393en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0032068393&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume25en_US
dc.identifier.issue5en_US
dc.identifier.spage367en_US
dc.identifier.epage377en_US
dc.identifier.isiWOS:000074574500002-
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridChing, WK=13310265500en_US

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