Dynamic lot sizing problems with stochastic production output

Dynamic lot sizing problems with stochastic production output
Author: Michael Kirste
Publisher: BoD – Books on Demand
Total Pages: 250
Release: 2017-06-23
Genre: Business & Economics
ISBN: 3744838056

In the real world, production systems are affected by external and internal uncertainties. Stochastic demand - an external uncertainty - arises mainly due to forecast errors and unknown behavior of customers in future. Internal uncertainties occur in situations where random yield, random production capacity, or stochastic processing times affect the productivity of a manufacturing system. The resulting stochastic production output is especially present in industries with modern and complex technologies as the semiconductor industry. This thesis provides model formulations and solution methods for capacitated dynamic lot sizing problems with stochastic demand and stochastic production output that can be used by practitioners within Manufacturing Resource Planning Systems (MRP), Capacitated Production Planning Systems (CPPS), and Advanced Planning Systems (APS). In all models, backordered demand is controlled with service levels. Numerical studies compare the solution methods and give managerial implications in presence of stochastic production output. This book addresses practitioners, consultants, and developers as well as students, lecturers, and researchers with focus on lot sizing, production planning, and supply chain management.

Inventory Analytics

Inventory Analytics
Author: Horst Tempelmeier
Publisher: BoD – Books on Demand
Total Pages: 290
Release: 2020-06-02
Genre: Business & Economics
ISBN: 375193071X

This textbook provides a practice-oriented introduction into Analytics-based inventory management in complex supply chains. In the context of Business Analytics, we concentrate on Prescriptive Analytics. In addition to standard single-level inventory models also multi-level approaches for the optimal allocation of safety inventory are presented. Moreover, dynamic lot sizing problems under random demand and random yield and their relationship to Material Requirements Planning (MRP) are discussed.The models and algorithms are illustrated with the help of numerous examples. The book has been written for students of Supply Chain Management and Operations Management as well as for practitioners who are confronted with inventory management in their daily work.

Stochastic Dynamic Lot-Sizing in Supply Chains

Stochastic Dynamic Lot-Sizing in Supply Chains
Author: Timo Jannis Hilger
Publisher: BoD – Books on Demand
Total Pages: 230
Release: 2015-10-01
Genre: Business & Economics
ISBN: 3738626972

Companies frequently operate in an uncertain environment and many real life production planning problems imply volatility and stochastics of the customer demands. Thereby, the determination of the lot-sizes and the production periods significantly affects the profitability of a manufacturing company and the service offered to the customers. This thesis provides practice-oriented formulations and variants of dynamic lot-sizing problems in presence of restricted production resources and demand uncertainty. The demand fulfillment is regulated by service level constraints. Additionally, integrated production and remanufacturing planning under demand and return uncertainty in closed-loop supply chains is addressed. This book offers introductions to these problems and presents approximation models that can be applied under uncertainty. Comprehensive numerical studies provide managerial implications. The book is written for practitioners interested in supply chain management and production as well as for lecturers and students in business studies with a focus on supply chain management and operations management.

Handbook of Stochastic Models and Analysis of Manufacturing System Operations

Handbook of Stochastic Models and Analysis of Manufacturing System Operations
Author: J. MacGregor Smith
Publisher: Springer Science & Business Media
Total Pages: 397
Release: 2013-05-17
Genre: Business & Economics
ISBN: 1461467772

This handbook surveys important stochastic problems and models in manufacturing system operations and their stochastic analysis. Using analytical models to design and control manufacturing systems and their operations entail critical stochastic performance analysis as well as integrated optimization models of these systems. Topics deal with the areas of facilities planning, transportation, and material handling systems, logistics and supply chain management, and integrated productivity and quality models covering: • Stochastic modeling and analysis of manufacturing systems • Design, analysis, and optimization of manufacturing systems • Facilities planning, transportation, and material handling systems analysis • Production planning, scheduling systems, management, and control • Analytical approaches to logistics and supply chain management • Integrated productivity and quality models, and their analysis • Literature surveys of issues relevant in manufacturing systems • Case studies of manufacturing system operations and analysis Today’s manufacturing system operations are becoming increasingly complex. Advanced knowledge of best practices for treating these problems is not always well known. The purpose of the book is to create a foundation for the development of stochastic models and their analysis in manufacturing system operations. Given the handbook nature of the volume, introducing basic principles, concepts, and algorithms for treating these problems and their solutions is the main intent of this handbook. Readers unfamiliar with these research areas will be able to find a research foundation for studying these problems and systems.

Stochastic Modeling and Optimization of Manufacturing Systems and Supply Chains

Stochastic Modeling and Optimization of Manufacturing Systems and Supply Chains
Author: J. George Shanthikumar
Publisher: Springer Science & Business Media
Total Pages: 413
Release: 2012-12-06
Genre: Business & Economics
ISBN: 1461503736

This volume originates from two workshops, both focusing on themes that are reflected in the title of the volume. The first workshop took place at Eindhoven University of Technology, April 24-26, 2001, on the occasion of the University granting a doctorate honoris causa to Profes sor John A. Buzacott. The second workshop was held on June 15, 2002 at Cornell University (preceding the annual INFORMSjMSOM Confer ence), honoring John's retirement and his lifetime contributions. Each of the two workshops consisted of about a dozen technical presentations. The objective of the volume, however, is not to simply publish the proceedings of the two workshops. Rather, our objective is to put to gether a select set of articles, each organized into a well-written chapter, focusing on a timely topic. Collected into a single volume, these chapters aim to serve as a useful reference for researchers and practitioners alike, and also as reading materials for graduate courses or seminars.

Management Science

Management Science
Author:
Publisher:
Total Pages: 548
Release: 2000-09
Genre: Industrial management
ISBN:

Issues for Feb. 1965-Aug. 1967 include Bulletin of the Institute of Management Sciences.

Mathematical Optimization and Economic Theory

Mathematical Optimization and Economic Theory
Author: Michael D. Intriligator
Publisher: SIAM
Total Pages: 515
Release: 2002-01-01
Genre: Mathematics
ISBN: 0898715113

A classic account of mathematical programming and control techniques and their applications to static and dynamic problems in economics.

Handbook on Data Envelopment Analysis

Handbook on Data Envelopment Analysis
Author: William W. Cooper
Publisher: Taylor & Francis
Total Pages: 616
Release: 2004-03-31
Genre: Business & Economics
ISBN: 9781402077975

This Handbook has been developed as a comprehensive reference for researchers, students and practitioners. It reflects the state-of-the-art in Data Envelopment Analysis. It also represents a milestone in the progression of a continuously advancing methodology. which has extensive utility. Written by experts - who are the major research contributors to the topics covered - the Handbook is organized in three sections. The first section is a comprehensive examination of the basic DEA models and DEA extensions. The second section consists of a collection of coverages by persons experienced in applications to the areas of banking, education, sports, retailing, health care, etc. The final section is a review of current DEA software technology.