Simultaneous optimization of capacity and planned lead time in a two-stage production system with different customer due dates.
Klaus AltendorferStefan MinnerPublished in: Eur. J. Oper. Res. (2011)
Keyphrases
- production system
- lead time
- simultaneous optimization
- holding cost
- base stock levels
- customer demand
- planning horizon
- supply chain
- multistage
- inventory level
- inventory systems
- setup cost
- service level
- production capacity
- single item
- production process
- lot sizing
- expected profit
- inventory control
- single product
- lost sales
- production line
- expert systems
- random variables
- total cost
- asymptotically optimal
- multiprocessor architecture
- stochastic demand
- fixed cost
- single stage
- independent and identically distributed
- processing times
- inventory models
- optimal production
- order quantity
- multi item
- decision making
- state space
- infinite horizon
- customer service
- reinforcement learning