Article1980

The Multi-Product Production Cycling Problem

78 citations0/0 files storedA I I E Transactions

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

Abstract

The multi-product production cycling problem is concerned with the determination of a production/inventory policy for a single capacitated production facility which is dedicated to producing a family of products. This paper studies this problem assuming stochastic demand. The one-product problem may be analyzed as a Markov decision problem and solved as such. For the multi-product problem, a heuristic decision rule is proposed based on the analysis of the one-product problem, and a new notion: the composite product. This heuristic is then tested by simulation on a series of problems, and is shown to be the most effective of the heuristics considered for the set of test problems

Citations in this library

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References

1962Planning Production, Inventories, and Work Force.1967Inventory control of a multiproduct system with a limited production resource

Cited by

2000The Stochastic Economic Lot Scheduling Problem: Heavy Traffic Analysis of Dynamic Cyclic Policies 1981Production/inventory systems with a stochastic production rate under a continuous review policy 1998Managing Stochastic Multiproduct Systems: Model, Measures, and Analysis 1995Multiproduct production/inventory control under random demands 1985Multiproduct Optimal Batch Sizes with In-Process Inventories and Multi Work Centers 2011Optimal Production and Admission Policies in Make‐to‐Stock/Make‐to‐Order Manufacturing Systems 2001Heavy Traffic Analysis of Dynamic Cyclic Policies: A Unified Treatment of the Single Machine Scheduling Problem 2004The Optimality of Hedging Point Policies for Stochastic Two-Product Flexible Manufacturing Systems

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