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Determination of safety stocks for cyclic schedules with stochastic demands
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Business Administration and Industrial Engineering.
2006 (English)In: International Journal of Production Economics, ISSN 0925-5273, E-ISSN 1873-7579, Vol. 104, no 2, p. 271-295Article in journal (Refereed) Published
Abstract [en]

This paper considers the problem of scheduling the production of multiple items, each with random demand, on a single facility. We show how the variance in demand during lead time can be estimated and present a model for determination of safety stocks and order-up-to levels for a fixed cyclic sequence, both with and without idle time. For systems with idle time, we present a control model to make the decision to produce next item in sequence or idle the facility. The performance of the model is tested in a simulation study.

Place, publisher, year, edition, pages
2006. Vol. 104, no 2, p. 271-295
National Category
Production Engineering, Human Work Science and Ergonomics
Research subject
Industrial Logistics
Identifiers
URN: urn:nbn:se:ltu:diva-12508DOI: 10.1016/j.ijpe.2004.11.009ISI: 000241223300003Scopus ID: 2-s2.0-33748743959Local ID: bab3c880-764f-11db-962b-000ea68e967bOAI: oai:DiVA.org:ltu-12508DiVA, id: diva2:985459
Note
Validerad; 2006; 20061117 (ysko)Available from: 2016-09-29 Created: 2016-09-29 Last updated: 2018-07-10Bibliographically approved

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Brander, PärForsberg, Rolf

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