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Capacity and Inventory Planning for Make-to-Order Production Systems [electronic resource] : The Impact of a Customer Required Lead Time Distribution / by Klaus Altendorfer.

By: Altendorfer, Klaus [author.].
Contributor(s): SpringerLink (Online service).
Material type: materialTypeLabelBookSeries: Lecture Notes in Economics and Mathematical Systems: 671Publisher: Cham : Springer International Publishing : Imprint: Springer, 2014Description: XV, 138 p. 30 illus. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9783319008431.Subject(s): Business | Organization | Planning | Production management | Operations research | Decision making | Management science | Business and Management | Operations Management | Operation Research/Decision Theory | Operations Research, Management Science | OrganizationAdditional physical formats: Printed edition:: No titleDDC classification: 658.5 Online resources: Click here to access online
Contents:
Introduction -- Literature Review -- Single-Stage Service Level and Tardiness Model -- Simultaneous Capacity and Planned Lead Time Optimization -- Optimal Composition of Number and Size of Machines -- Service Level Constraint Models -- Conclusion.
In: Springer eBooksSummary: The book presents different models for the simultaneous optimization problem of capacity investment and work release rule parameterization. The overall costs are minimized either including backorder costs or considering a service level constraint. The available literature is extended with the integration of a distributed customer required lead time in addition to the actual demand distribution. Furthermore, an endogenous production lead time is introduced. Different models for make-to-order production systems with one or multiple serial processing stages are developed. Capacity investment is linked to the processing rates of the machines or to the number of the machines. Results are equations for service level, tardiness, and FGI lead time in such a production system. For special cases with M/M/1 and M/M/s queues explicit solutions of the optimization problems or optimality conditions concerning capacity investment and work release rule parameterization are provided.
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Introduction -- Literature Review -- Single-Stage Service Level and Tardiness Model -- Simultaneous Capacity and Planned Lead Time Optimization -- Optimal Composition of Number and Size of Machines -- Service Level Constraint Models -- Conclusion.

The book presents different models for the simultaneous optimization problem of capacity investment and work release rule parameterization. The overall costs are minimized either including backorder costs or considering a service level constraint. The available literature is extended with the integration of a distributed customer required lead time in addition to the actual demand distribution. Furthermore, an endogenous production lead time is introduced. Different models for make-to-order production systems with one or multiple serial processing stages are developed. Capacity investment is linked to the processing rates of the machines or to the number of the machines. Results are equations for service level, tardiness, and FGI lead time in such a production system. For special cases with M/M/1 and M/M/s queues explicit solutions of the optimization problems or optimality conditions concerning capacity investment and work release rule parameterization are provided.

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