Requirements planning for modular products

Anand Paul and Asoo J. Vakharia

Naval Research Logistics (NRL), 2006, vol. 53, issue 5, 418-431

Abstract: The focus of this paper is on determining the requirements of different component options of a modular end‐product in an uncertain environment. We explicitly model two distinct sources of uncertainty: stochastic end‐product demand and unknown market proportions for the different product options available. Our cost minimizing model focuses on determining the optimal requirements policies for component options that meet a pre‐set service level. We show that simple common‐sense requirements policies are not generally optimal; there is a non‐linear connection between service level and component requirements that is hard to characterize without a detailed analysis. © 2006 Wiley Periodicals, Inc. Naval Research Logistics, 2006

Date: 2006
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https://doi.org/10.1002/nav.20149

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Persistent link: https://EconPapers.repec.org/RePEc:wly:navres:v:53:y:2006:i:5:p:418-431

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