search query: @author Anily, S. / total: 9
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| Author: | Anily, S. Federgruen, A. |
| Title: | Capacitated two-stage multi-item production/inventory model with joint setup costs. |
| Journal: | Operations Research
1991 : MAY-JUN, VOL. 39:3, p. 443-455 |
| Index terms: | INVENTORY CONTROL |
| Language: | eng |
| Abstract: | A continuous-time, two-stage production/inventory system is analyzed. A common intermediate product is produced in batches and possibly stored in the first stage, the intermediate product is fabricated into n distinct finished products in the second. Several finished products may be included in a single production batch of limited capacity to exploit economies of scale. A planning methodology to address the combined problem of joint setup costs and capacity limits is proposed. An algorithm is derived, that results in strategy whose long-run average cost comes within a few percentage points of lower bound for the minimum cost. |
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