Production and Inventory Management with Substitutions

Business & Finance, Management & Leadership, Operations Research, Production & Operations Management
Cover of the book Production and Inventory Management with Substitutions by J. Christian Lang, Springer Berlin Heidelberg
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: J. Christian Lang ISBN: 9783642042478
Publisher: Springer Berlin Heidelberg Publication: November 25, 2009
Imprint: Springer Language: English
Author: J. Christian Lang
ISBN: 9783642042478
Publisher: Springer Berlin Heidelberg
Publication: November 25, 2009
Imprint: Springer
Language: English

Quantitativeapproachesforsolvingproductionplanningandinventorymanagement problems in industry have gained growing importance in the past years. Due to the increasinguse of AdvancedPlanningSystems, a widespreadpracticalapplicationof the sophisticated optimization models and algorithms developed by the Production Management and Operations Research community now seem within reach. The possibility that productscan be replaced by certain substitute productsexists in various application areas of production planning and inventory management. Substitutions can be useful for a number of reasons, among others to circ- vent production and supply bottlenecks and disruptions, increase the service level, reduce setup costs and times, and lower inventories and thereby decrease ca- tal lockup. Considering the current trend in industry towards shorter product life cycles and greater product variety, the importance of substitutions appears likely to grow. Closely related to substitutions are ?exible bills-of-materials and recipes in multi-level production systems. However, so far, the aspect of substitutions has not attracted much attention in academic literature. Existing lot-sizing models matching complex requirements of industrial optimization problems (e.g., constrained capacities, sequence-dependent setups, multiple resources) such as the Capacitated Lot-Sizing Problem with Sequence-Dependent Setups (CLSD) and the General Lot-Sizing and Scheduling Problem for Multiple Production Stages (GLSPMS) do not feature in substitution options.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Quantitativeapproachesforsolvingproductionplanningandinventorymanagement problems in industry have gained growing importance in the past years. Due to the increasinguse of AdvancedPlanningSystems, a widespreadpracticalapplicationof the sophisticated optimization models and algorithms developed by the Production Management and Operations Research community now seem within reach. The possibility that productscan be replaced by certain substitute productsexists in various application areas of production planning and inventory management. Substitutions can be useful for a number of reasons, among others to circ- vent production and supply bottlenecks and disruptions, increase the service level, reduce setup costs and times, and lower inventories and thereby decrease ca- tal lockup. Considering the current trend in industry towards shorter product life cycles and greater product variety, the importance of substitutions appears likely to grow. Closely related to substitutions are ?exible bills-of-materials and recipes in multi-level production systems. However, so far, the aspect of substitutions has not attracted much attention in academic literature. Existing lot-sizing models matching complex requirements of industrial optimization problems (e.g., constrained capacities, sequence-dependent setups, multiple resources) such as the Capacitated Lot-Sizing Problem with Sequence-Dependent Setups (CLSD) and the General Lot-Sizing and Scheduling Problem for Multiple Production Stages (GLSPMS) do not feature in substitution options.

More books from Springer Berlin Heidelberg

Cover of the book Terrestrial Heat Flow and the Lithosphere Structure by J. Christian Lang
Cover of the book Dynamics of Young Star Clusters and Associations by J. Christian Lang
Cover of the book Learning Vascular and Interventional Radiology by J. Christian Lang
Cover of the book JIMD Reports - Case and Research Reports, 2012/3 by J. Christian Lang
Cover of the book Basic Techniques in Pediatric Surgery by J. Christian Lang
Cover of the book Motor Skills Training in Orthopedic Sports Medicine by J. Christian Lang
Cover of the book Experimentalphysik 1 by J. Christian Lang
Cover of the book Bilharziasis by J. Christian Lang
Cover of the book Optimal Experimental Design for Non-Linear Models by J. Christian Lang
Cover of the book Developments in Multidimensional Spatial Data Models by J. Christian Lang
Cover of the book Hypertrophic Cardiomyopathy by J. Christian Lang
Cover of the book Chitosan for Biomaterials I by J. Christian Lang
Cover of the book Histological Typing of Bone Tumours by J. Christian Lang
Cover of the book AIDS-Related Neoplasias by J. Christian Lang
Cover of the book Local Binary Patterns: New Variants and Applications by J. Christian Lang
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy