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Joint production, inventory rationing, and order admission control of a stochastic manufacturing system with setups

Ioannidis Efstratios, Xanthopoulos Alexandros S., Sarantis Ioannis, Koulouriotis Dimitrios E.

Απλή Εγγραφή


URIhttp://purl.tuc.gr/dl/dias/11DA64B0-4F75-47E8-9D3F-D641B41179C3-
Αναγνωριστικόhttps://doi.org/10.1007/s12351-019-00465-5-
Αναγνωριστικόhttps://link.springer.com/article/10.1007/s12351-019-00465-5-
Γλώσσαen-
Μέγεθος29 pagesen
ΤίτλοςJoint production, inventory rationing, and order admission control of a stochastic manufacturing system with setupsen
ΔημιουργόςIoannidis Efstratiosen
ΔημιουργόςΙωαννιδης Ευστρατιοςel
ΔημιουργόςXanthopoulos Alexandros S.en
ΔημιουργόςSarantis Ioannisen
ΔημιουργόςΣαραντης Ιωαννηςel
ΔημιουργόςKoulouriotis Dimitrios E.en
ΕκδότηςSpringeren
ΠερίληψηIn this paper, we examine a single-stage, manufacturing system with setups, which produces a single part type to satisfy demand from two customer classes. We address the problem of coordinating production control, stock rationing, and order admission decisions. The optimal policy, in respect to minimizing holding, backorder, lost sales, and setup costs, is derived by formulating the underlying problem as a Markov Decision Process and solving it by means of Dynamic Programming. The structure of the optimal policy is investigated numerically and, on that basis, a parametric control policy is proposed. The Markov chain model of the single-machine manufacturing system, operating under the proposed policy, is developed. Furthermore, analytical expressions of the steady-state probabilities and of the expected total cost are obtained. The proposed policy is compared to the optimal, as well as to three heuristics, in an extended series of experiments. The numerical results indicate that the proposed policy is a very good approximation of the optimal one, and that it largely outperforms the alternative control policies.en
ΤύποςPeer-Reviewed Journal Publicationen
ΤύποςΔημοσίευση σε Περιοδικό με Κριτέςel
Άδεια Χρήσηςhttp://creativecommons.org/licenses/by/4.0/en
Ημερομηνία2022-11-23-
Ημερομηνία Δημοσίευσης2021-
Θεματική ΚατηγορίαInventory controlen
Θεματική ΚατηγορίαMarkov modellingen
Θεματική ΚατηγορίαProduction controlen
Θεματική ΚατηγορίαDynamic programmingen
Θεματική ΚατηγορίαOrder admissionen
Βιβλιογραφική ΑναφοράS. Ioannidis, A. S. Xanthopoulos, I. Sarantis, and D. E. Koulouriotis, “Joint production, inventory rationing, and order admission control of a stochastic manufacturing system with setups,” Oper. Res. Int. J., vol. 21, no. 2, pp. 827–855, June 2021, doi: 10.1007/s12351-019-00465-5.en

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