Sökning: L773:0020 7543 OR L773:1366 588X >
Economic consequenc...
Economic consequences of a production and inventory control policy
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- Disney, S. M. (författare)
- Cardiff University
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- Grubbström, Robert W. (författare)
- Linköpings universitet,Produktionsekonomi,Tekniska högskolan
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(creator_code:org_t)
- 2007-02-21
- 2004
- Engelska.
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Ingår i: International Journal of Production Research. - : Informa UK Limited. - 0020-7543 .- 1366-588X. ; 42:17, s. 3419-3431
- Relaterad länk:
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https://orca.cardiff...
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visa fler...
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https://urn.kb.se/re...
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https://doi.org/10.1...
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Abstract
Ämnesord
Stäng
- The economic performance of a generalized Order-Up-To policy is investigated in response to an Auto Regressive stochastic demand process. Focus is on the case where the physical production/distribution lead time is one period and where demand is forecasted with simple exponential smoothing. Two sets of convex piece-wise linear costs are considered. The first set is the traditional inventory holding and backlog costs. The second set of costs is piece-wise linear and increasing convex costs associated with the production order rate within and above a capacity constraint. Numerical investigations reveal that the classical Order-Up-To policy is no longer optimal when a broader range of costs is considered in the objective function.
Nyckelord
- TECHNOLOGY
- TEKNIKVETENSKAP
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- ref (ämneskategori)
- art (ämneskategori)
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