Journal article
Optimal inventory control in a production flow system with failures
International journal of production research, Vol.27(8), pp.1367-1384
08/01/1989
DOI: 10.1080/00207548908942628
Abstract
We consider a continuous flow production process subject to failures with an intermediate buffer. Under the practical restriction to the class of (B, b) inventory control policies, we give a procedure for determining the optimal buffer size, B, and control parameter, b. We give conditions under which these parameters can be expressed in closed form and show that otherwise they can be computed as the solution of a two-dimensional nonlinear system.
Details
- Title: Subtitle
- Optimal inventory control in a production flow system with failures
- Creators
- Wallace J. Hopp - Northwestern UniversityNiranjan Pati - Northwestern UniversityPhilip C. Jones - Northwestern University
- Resource Type
- Journal article
- Publication Details
- International journal of production research, Vol.27(8), pp.1367-1384
- DOI
- 10.1080/00207548908942628
- ISSN
- 0020-7543
- eISSN
- 1366-588X
- Publisher
- Taylor & Francis Group
- Number of pages
- 18
- Language
- English
- Date published
- 08/01/1989
- Academic Unit
- Business Analytics
- Record Identifier
- 9984963095802771
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