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Production planning and pricing policy in a make-to-stock system with uncertain demand subject to machine breakdowns

✍ Scribed by Shi, Xiutian; Shen, Houcai; Wu, Ting; Cheng, T.C.E.


Book ID
121726593
Publisher
Elsevier Science
Year
2014
Tongue
English
Weight
573 KB
Volume
238
Category
Article
ISSN
0377-2217

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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