This article considers the problem of production control and stock rationing in a make-to-stock production system with two priority customer classes and backordering. The problem is formulated as a queueing control model. With Poisson arrivals and exponential production times, we show that the optim
โฆ LIBER โฆ
Optimal production and rationing policies of a make-to-stock production system with batch demand and backordering
โ Scribed by Jianjun Xu; Shaoxiang Chen; Bing Lin; Rohit Bhatnagar
- Publisher
- Elsevier Science
- Year
- 2010
- Tongue
- English
- Weight
- 273 KB
- Volume
- 38
- Category
- Article
- ISSN
- 0167-6377
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Multi-periodic inventory control problems are mainly studied employing one of two assumptions. The first is the continuous review, where depending on the inventory level, orders can be placed at any time, and the other is the periodic review, where orders can be placed only at the beginning of each