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Inventory Models for Multi-Product Batch Production Systems: Simplifying Complex Inventory Models through Decomposition Based Approach - Softcover

Seethapathy, Divya

 
9783659508028: Inventory Models for Multi-Product Batch Production Systems: Simplifying Complex Inventory Models through Decomposition Based Approach
Softcover
ISBN 10: 3659508020 ISBN 13: 9783659508028
Verlag: LAP LAMBERT Academic Publishing, 2014

Inhaltsangabe

Managing product variety poses several challenges at the manufacturer’s end in terms of inventory control. Many manufacturers incur increased inventory costs (raw material, in process and finished goods) to guarantee high quality of service to customers. Many companies seeking the right balance of product variety, flexibility and costs choose to manufacture products in a batch production mode. However, batch production systems involve complex trade-offs between productivity losses resulting from making too many small batches and the costs of tying up working capital in inventory as large batches. These trade-offs gets magnified as product variety increases. The objective of this research is to develop a simple analytical model for capacitated multi-product batch production systems that could be used to analyze the trade-offs involved in production inventory decisions and their impact on inventory holding costs, customer backorders, and service levels. The objective is to investigate the effect of system parameters such as product variety, production batch size on performance measures such as backorders and service levels.

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Über die Autorin bzw. den Autor

Manufacturing Operations Manager with 8 years of experience and in-depth knowledge in Operations Management, Material Flow Management, Inventory Management and a Master's degree in Manufacturing System's Engineering from University of Wisconsin, Madison.

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Verlag
LAP LAMBERT Academic Publishing
Erscheinungsdatum
2014
Sprache
Englisch
ISBN 10 
3659508020
ISBN 13 
9783659508028
Einband
Taschenbuch
Anzahl der Seiten
112
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
SIA OmniScriptum Publishing
customerservice@vdm-vsg.de

Brivibas gatve 197
Riga
1039
Lettland