Stock‐rationing policy for a make‐to‐stock production system with two priority classes and backordering

Albert Y. Ha

Naval Research Logistics (NRL), 1997, vol. 44, issue 5, 457-472

Abstract: This article considers the problem of production control and stock rationing in a make‐to‐stock production system with two priority customer classes and backordering. The problem is formulated as a queueing control model. With Poisson arrivals and exponential production times, we show that the optimal production control and stock‐rationing policies can be characterized by a single, monotone switching curve. © 1997 John Wiley & Sons, Inc. Naval Research Logistics 44: 457–472, 1997

Date: 1997
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Citations: View citations in EconPapers (18)

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https://doi.org/10.1002/(SICI)1520-6750(199708)44:53.0.CO;2-3

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Persistent link: https://EconPapers.repec.org/RePEc:wly:navres:v:44:y:1997:i:5:p:457-472

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