Determining the optimal dimension of a work-in-process storage area

Luca Bertazzi

International Journal of Production Economics, 2011, vol. 131, issue 2, 483-489

Abstract: We study the problem of determining the optimal dimension of a work-in-process storage area in a two-line production system with delays and breakdowns. We propose a stochastic model and prove theoretical results that allow us to implement an exact algorithm for the solution of the model. We optimally solve a real instance and carry out a sensitivity analysis to evaluate if the optimal solution is stable when the initial data are perturbed.

Keywords: Serial; production; systems; Work-in-process; Stochastic; model; Real; instance; Sensitivity; analysis (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:eee:proeco:v:131:y:2011:i:2:p:483-489

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