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A COMPARISON OF PRODUCTION SCHEDULING POLICIES ON COSTS, SERVICE LEVEL, AND SCHEDULE CHANGES
Author(s) -
Metters Richard,
Vargas Vicente
Publication year - 1999
Publication title -
production and operations management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 3.279
H-Index - 110
eISSN - 1937-5956
pISSN - 1059-1478
DOI - 10.1111/j.1937-5956.1999.tb00062.x
Subject(s) - computer science , scheduling (production processes) , operations research , service level , stock (firearms) , buffer stock scheme , schedule , production planning , operations management , production (economics) , business , economics , microeconomics , mathematics , engineering , marketing , mechanical engineering , operating system
We consider a single product, single level, stochastic master production scheduling (M ps ) model where decisions are made under rolling planning horizons. Outcomes of interest are cost, service level, and schedule stability. The subject of this research is the M ps control system: the method used in determining the amount of stock planned for production in each time period. Typically, M ps control systems utilize a single buffer stock. Here, two M ps dual‐buffer stock systems are developed and tested by simulation. We extend the data envelopment analysis ( dea ) methodology to aid in the evaluation of the simulation results, where D ea serves to increase the scope of the experimental design. Results indicate that the dual‐buffer control systems outperform existing policies.