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A Capacity Constrained Production-Inventory System with Stochastic Demand and Production Times

Axsäter, Sven LU (2010) In International Journal of Production Research 48(20). p.6203-6209
Abstract
This paper considers a simple model of a capacity constrained production-inventory system with Poisson demand. The system is controlled by an S policy. The production time for a unit is modelled as a gamma distributed stochastic variable. Using M/G/1 queuing theory it is very easy to evaluate holding and backorder costs and optimise the ordering policy. The suggested model may be useful when evaluating investments in production.
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
stochastic, production-inventory management, capacity constrained
in
International Journal of Production Research
volume
48
issue
20
pages
6203 - 6209
publisher
Taylor & Francis
external identifiers
  • wos:000281030700016
  • scopus:77955676289
ISSN
0020-7543
DOI
10.1080/00207540903283808
language
English
LU publication?
yes
id
61395dab-e188-40b5-80c0-f3bcd1746f09 (old id 1673718)
date added to LUP
2010-09-23 09:13:55
date last changed
2018-05-29 10:32:02
@article{61395dab-e188-40b5-80c0-f3bcd1746f09,
  abstract     = {This paper considers a simple model of a capacity constrained production-inventory system with Poisson demand. The system is controlled by an S policy. The production time for a unit is modelled as a gamma distributed stochastic variable. Using M/G/1 queuing theory it is very easy to evaluate holding and backorder costs and optimise the ordering policy. The suggested model may be useful when evaluating investments in production.},
  author       = {Axsäter, Sven},
  issn         = {0020-7543},
  keyword      = {stochastic,production-inventory management,capacity constrained},
  language     = {eng},
  number       = {20},
  pages        = {6203--6209},
  publisher    = {Taylor & Francis},
  series       = {International Journal of Production Research},
  title        = {A Capacity Constrained Production-Inventory System with Stochastic Demand and Production Times},
  url          = {http://dx.doi.org/10.1080/00207540903283808},
  volume       = {48},
  year         = {2010},
}