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Shvoong Home>Science>A Lot-for-Lot Model with Multiple Installments for a Production System under Time-Varying Demand Pro Summary

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A Lot-for-Lot Model with Multiple Installments for a Production System under Time-Varying Demand Pro

Article Abstract by: fadzlina     

Original Authors: Mohd Omar; S.S. Supadi
In manufacturing systems, the quantity of raw material needed in production is dependent on the production size. In this
paper we consider a manufacturing system which procures raw materials from suppliers and processes them to make a finished product. The problems are to determine an ordering policy for raw materials (a lot with multiple installments) and a production policy for the finished product to satisfy a deterministic time-varying demand process. We find an optimal solution for the model by using the Solver of Microsoft Excel. We present some numerical examples for a discussion.
Published: April 02, 2007
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