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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Capacity and Inventory Planning for Make-To-Order Production Systems: The Impact of a Customer Required Lead Time Distribution

Capacity and Inventory Planning for Make-To-Order Production Systems: The Impact of a Customer Required Lead Time Distribution

Altendorfer, Klaus

Paperback

Series: Lecture Notes in Economic and Mathematical Systems, Book 671

Business GeneralManagement

ISBN10: 3319008420
ISBN13: 9783319008424
Publisher: Springer Nature
Published: Aug 16 2013
Pages: 138
Weight: 0.50
Height: 0.33 Width: 6.14 Depth: 9.21
Language: English
​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 in such a production system. For special cases with M/M/1 and M/M/s queues explicit solutions of the optimization problems or optimality conditions concerning capacity investment and work release rule parameterization are provided.

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