Note---Controlling Inventories in an Acyclic Assembly System

Christopher S. Tang
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Christopher S. Tang: Anderson Graduate School of Management, University of California, Los Angeles, Los Angeles, California 90024

Management Science, 1992, vol. 38, issue 5, 743-750

Abstract: This note presents a model of an acyclic assembly system that faces yield loss and uncertain demand. While there is no known production rule for managing acyclic systems, we develop a production rule whose operating characteristics could be measured analytically. Thus, the operating characteristics can be used as a benchmark for future comparison. To facilitate our analysis, we extend the model for a serial production system that produces a single product (Tang 1990). This extension entails a modification of the production rule and the analysis of a decomposition scheme.

Keywords: assembly systems; system analysis; production planning; inventory control; decomposition; approximation (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:38:y:1992:i:5:p:743-750

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