Abstract
This paper investigates a multi-product multi-machine production-inventory system, characterized by job shop routings and stochastic demand interarrival times, set-up times and processing times. The inventory points and the production system are controlled integrally by a centralized decision maker. We present a heuristic that minimizes the relevant costs by making near-optimal production and inventory control decisions while target customer service levels are satisfied. The heuristic is tested in an extensive simulation study and the results are discussed
Original language | English |
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Pages (from-to) | 399-434 |
Journal | OR Spectrum |
Volume | 27 |
Issue number | 2-3 |
DOIs | |
Publication status | Published - 2005 |