Product Wheels in Manufacturing Operations Planning

J. Bennett Foster () and Peter L. King ()
Additional contact information
J. Bennett Foster: DuPont Company
Peter L. King: Lean Dynamics, Inc

Chapter Chapter 13 in Heuristics, Metaheuristics and Approximate Methods in Planning and Scheduling, 2016, pp 243-262 from Springer

Abstract: Abstract This chapter discusses a production planning method known as “product wheels.” We define “product wheels,” discuss how they are used, and show the value the technique provides to production operations. We look at the importance of product families in planning production, particularly where set-up costs and time are critical. We examine the question of product sequencing—and why that aspect of manufacturing planning is seldom as difficult and data intensive as the mathematics (e.g., traveling salesman problem) might imply. The chapter analyzes how variants of Economic Order Quantity (“EOQ”) and “EOQ with Joint Replenishment” [E.A. Silver heuristic (1976)] can be used (balancing costs of cycle stock inventory versus transitions) to get early results that lead us towards the formulation of a cost-effective wheel. We also look at the problem of balancing wheels for capacity feasibility when product campaigns cycle at different frequencies.

Keywords: Product wheels; Production planning; Setup cost (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:isochp:978-3-319-26024-2_13

Ordering information: This item can be ordered from
http://www.springer.com/9783319260242

DOI: 10.1007/978-3-319-26024-2_13

Access Statistics for this chapter

More chapters in International Series in Operations Research & Management Science from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().