A continuous buffer allocation model using stochastic processes

Oliver Kolb and Simone Göttlich

European Journal of Operational Research, 2015, vol. 242, issue 3, 865-874

Abstract: The buffer allocation problem consists of a dynamical description of the underlying production process combined with stochastic processing times. The aim is to find optimal buffer sizes averaged over several samples. Starting from a time-discrete recursion we derive a time-continuous model supplemented with a stochastic process. The new model is used for simulation and optimization purposes as well. Numerical experiments show the efficiency of our approach compared to other optimization techniques.

Keywords: Production systems; Buffer allocation; Sampling; Nonlinear optimization, (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:242:y:2015:i:3:p:865-874

DOI: 10.1016/j.ejor.2014.10.065

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