Recent developments in single product, discrete-time, capacitated production-inventory systems | Zendy

Sridhar Tayur | Zendy

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Recent developments in single product, discrete-time, capacitated production-inventory systems

Author(s) -

Sridhar Tayur

Publication year - 1997

Publication title -

sadhana

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.268

H-Index - 49

eISSN - 0973-7677

pISSN - 0256-2499

DOI - 10.1007/bf02744126

Subject(s) - product (mathematics) , production (economics) , computer science , key (lock) , discrete time and continuous time , process (computing) , lead time , discrete event simulation , material flow , discrete manufacturing , mathematical optimization , operations research , industrial engineering , mathematics , operations management , simulation , engineering , economics , statistics , microeconomics , ecology , geometry , computer security , biology , operating system

We present here some recent results in single-product, capacitated production-inventory systems in discrete time. The key results are: (1) structure of optimal policy for single stage systems; (2) analysing via a shortfall process; (3) using simulation to optimize; (4) an approximation using tail probabilities. We consider periodic demand, and multiple stages — serial, distribution and assembly. Related topics of re-entrant flow shops, lead time quotation and value of information are also discussed briefly.

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