search query: @indexterm model testing / total: 65
reference: 47 / 65
| Author: | Rajagopalan, S. |
| Title: | Make to Order or Make to Stock: Model and Application |
| Journal: | Management Science
2002 : FEB, VOL. 48:2, p. 241-256 |
| Index terms: | MODELS MODEL TESTING STOCKS ANALYTICAL REVIEW |
| Language: | eng |
| Abstract: | This paper was motivated by a consumer product company faced with the decision about which items to make to stock and which ones to make to order, and the inventory and production policy for the make-to-stock items. The production environment is characterized by multiple items, setup times between the production of consecutive items, limited capacity, and congestion effects. In such an environment, making an item to order reduces inventory costs for that item, but might increase the lot size and inventory costs for the items made to stock. The authors develop a nonlinear, integer programming formulation of the problem. The authors present an efficient heuristic to solve the problem, which was motivated by key results for a special case of the problem without congestion effects. |
SCIMA