Simulation-based optimization of a single-stage failure-prone manufacturing system with transportation delay

Iyad Mourani, Sophie Hennequin and Xiaolan Xie

International Journal of Production Economics, 2008, vol. 112, issue 1, 26-36

Abstract: This paper addresses the optimization of the continuous-flow model of a single-stage single-product manufacturing system with constant demand and transportation delay from the machine to the inventory. The machine is subject to either time-dependent or operation-dependent failures. The production is controlled by a hedging point policy. The goal is to determine the optimal hedging point, which minimizes the long-run average inventory holding and backlogging cost. Sample path analysis shows that the cost function is convex and sample gradient estimators are derived. A bi-section search algorithm based on simulation and sample gradients is proposed to determine the optimal hedging point.

Date: 2008
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:proeco:v:112:y:2008:i:1:p:26-36

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