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Ιδρυματικό Αποθετήριο [SANDBOX]
Πολυτεχνείο Κρήτης
Πολυτεχνείο Κρήτης
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| URI | http://purl.tuc.gr/dl/dias/11DA64B0-4F75-47E8-9D3F-D641B41179C3 | - |
| Αναγνωριστικό | https://doi.org/10.1007/s12351-019-00465-5 | - |
| Αναγνωριστικό | https://link.springer.com/article/10.1007/s12351-019-00465-5 | - |
| Γλώσσα | en | - |
| Μέγεθος | 29 pages | en |
| Τίτλος | Joint production, inventory rationing, and order admission control of a stochastic manufacturing system with setups | en |
| Δημιουργός | Ioannidis Efstratios | en |
| Δημιουργός | Ιωαννιδης Ευστρατιος | el |
| Δημιουργός | Xanthopoulos Alexandros S. | en |
| Δημιουργός | Sarantis Ioannis | en |
| Δημιουργός | Σαραντης Ιωαννης | el |
| Δημιουργός | Koulouriotis Dimitrios E. | en |
| Εκδότης | Springer | en |
| Περίληψη | In 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 |
| Τύπος | Peer-Reviewed Journal Publication | en |
| Τύπος | Δημοσίευση σε Περιοδικό με Κριτές | el |
| Άδεια Χρήσης | http://creativecommons.org/licenses/by/4.0/ | en |
| Ημερομηνία | 2022-11-23 | - |
| Ημερομηνία Δημοσίευσης | 2021 | - |
| Θεματική Κατηγορία | Inventory control | en |
| Θεματική Κατηγορία | Markov modelling | en |
| Θεματική Κατηγορία | Production control | en |
| Θεματική Κατηγορία | Dynamic programming | en |
| Θεματική Κατηγορία | Order admission | en |
| Βιβλιογραφική Αναφορά | S. 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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