Integrated Production Inventory Policies for Multistage Multiproduct Batch Production Systems

M. G. Korgaonker

23 citations0/0 files storedJournal of the Operational Research Society

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Supply Chain and Inventory Management Management and Optimization Techniques Scheduling and Optimization Algorithms

Abstract

An integrated production inventory model is considered in this paper, for a flow shop type multiproduct batch production system, with a multifacility structure. Instantaneous production is allowed in each facility. The model aims to determine simultaneously the optimal manufacturing cycle for the multiple products and the corresponding optimal procurement policies for the raw material. The cycle concept of multiproduct batch processing is extended to multifacility system and is integrated with the concept of production-inventory system for a single product, single facility system.

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References

1973Economic Lot Size Determination in Multi-Stage Assembly Systems 1972A Facilities in Series Inventory Model with Nested Schedules 1977An Integrated Inventory Model for a Single Product System 1970The Economic Lot Sizes in Multistage Production Systems 1977Production Runs for Multiple Products: The Two-Product Heuristic

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