haku: @author Zhang, H. / yhteensä: 15
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| Tekijä: | Lode Li, L. Porteus, E. L. Zhang, H. |
| Otsikko: | Optimal Operating Policies for Multiplant Stochastic Manufacturing Systems in a Changing Environment |
| Lehti: | Management Science
2001 : NOV, VOL. 47:11, p. 1539-1551 |
| Asiasana: | MANUFACTURING INDUSTRY MULTIPLANT COMPANIES EXCHANGE RATES PRODUCTION |
| Kieli: | eng |
| Tiivistelmä: | This paper addresses the horizontal coordination between production units located in different countries within a supply chain in a changing environment. The model incorporates (1) congestion and delay through uncertainties in demand and processing times, (2) a changing production cost environment through uncertainty in an environmental state (such as the exchange rate), and (3) allowing production to stock. The main contribution of the paper is to characterize the optimal production policy, assuming no switchover cost, as a barrier-type control policy for a series of models. For each plant, there is a barrier function defined on the environmental state that gives the total worldwide stock level barrier: This plant should be operated if and only if the stock level is below this barrier. |
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