IPA Derivatives for Make-to-Stock Production-Inventory Systems With Lost Sales
نویسندگان
چکیده
منابع مشابه
IPA Derivatives for Make-to-Stock Production-Inventory Systems with Backorders
A single-stage Make-to-Stock (MTS) production-inventory system consists of a production facility coupled to an inventory facility, and is subject to a policy that aims to maintain a prescribed inventory level (called base stock) by modulating production capacity. This paper considers a class of single-stage, singleproduct MTS systems with backorders, driven by random demand and production capac...
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We consider a class of single-stage, single-product Make-to-Stock productioninventory system (MTS system) with backorders. The system employs a continuous-review base-stock policy which strives to maintain a prescribed base-stock level of inventory. In a previous paper of Zhao and Melamed (Methodology and Computing in Applied Probability 8:191–222, 2006), the Infinitesimal Perturbation Analysis...
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This paper considers a continuous-review, single-product production-inventory system with a constant replenishment rate, compound Poisson demands and lost-sales. Two objective functions that represent metrics of operational costs are considered: (1) the sum of the expected discounted inventory holding costs and lost-sales penalties, both over an infinite time horizon, given an initial inventory...
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Capacity coordination, as the tactical level of hierarchical production planning in hybrid MTS/MTO systems, includes numerous important decisions. In this paper, two of these decisions i.e. finding the best strategy for the acceptance/rejection of incoming orders and determining orders’ due dates – are investigated. Also a simulation model is proposed to evaluate the efficiency of the presented...
متن کاملOld and New Methods for Lost-Sales Inventory Systems
We present two results to aid the numerical solution of the notoriously di¢ cult discrete-time inventory model with stochastic demands, a constant leadtime, and lost sales. First, we show that the e¤ective state space is a relatively manageable compact set. Second, we show that the optimal cost is increasing in the leadtime, and we use this fact to construct a good lower bound on the optimal-co...
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ژورنال
عنوان ژورنال: IEEE Transactions on Automatic Control
سال: 2007
ISSN: 0018-9286
DOI: 10.1109/tac.2007.902760