Determining Production Schedules Under Base-Stock Policies in Single Facility Multi-Item Production Systems

Awi Federgruen and Ziv Katalan
Additional contact information
Awi Federgruen: Columbia University, New York, New York
Ziv Katalan: University of Pennsylvania, Philadelphia, Pennsylvania

Operations Research, 1998, vol. 46, issue 6, 883-898

Abstract: In this paper we address periodic base-stock policies for stochastic economic lot scheduling problems. These represent manufacturing settings in which multiple items compete for the availability of a common capacity source, in the presence of setup times and/or costs, incurred when switching between items, and in the presence of uncertainty regarding demand patterns, production, and setup times. Under periodic base-stock policies, items are produced according to a given periodic item-sequence. This paper derives effective heuristics for the design of a periodic item-sequence minimizing system-wide costs. This sequence is constructed based on desirable production frequencies for the items, obtained as the solution of lower bound mathematical programs. An extensive numerical study gauges the quality of the proposed heuristics.

Keywords: Inventory/production; multi-item/echeon/stage; Inventory/production; stochastic; Production/scheduling; stochastic (search for similar items in EconPapers)
Date: 1998
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
http://dx.doi.org/10.1287/opre.46.6.883 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:46:y:1998:i:6:p:883-898

Access Statistics for this article

More articles in Operations Research from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().