A Capacity Constrained Production-Inventory System with Stochastic Demand and Production Times
(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:
https://lup.lub.lu.se/record/1673718
- author
- Axsäter, Sven LU
- organization
- publishing date
- 2010
- 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
- 2016-04-01 11:12:12
- date last changed
- 2023-01-02 19:22:47
@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}}, keywords = {{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}}, doi = {{10.1080/00207540903283808}}, volume = {{48}}, year = {{2010}}, }