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| Author: | Hsu, H-M. Wang, W-P. |
| Title: | Dynamic programming for delayed product differentiation |
| Journal: | European Journal of Operational Research
2004 : JUL, VOL. 156:1, p. 183-193 |
| Index terms: | Dynamic programming Product design Inventory control |
| Language: | eng |
| Abstract: | Product proliferation and demand uncertainty result in material requirement planning difficulties, which give rise to high inventories and low customer service. A design concept, delayed product differentiation, is advocated for reducing the impact due to inaccurate forecasts and shortening the order response time. In this paper, a dynamic programming model using an AND/OR graph is constructed to determine the products differentation points. Taking into account the costs and benefits associated with delayed product differentiation points, the authors proposed an approach to suggest whether the designer ought to differentiate specific products from the common part set at each design stage. |
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