Strategic WIP Inventory Positioning for Make-to-Order Production with Stochastic Processing Times
Joint Authors
Source
Mathematical Problems in Engineering
Issue
Vol. 2017, Issue 2017 (31 Dec. 2017), pp.1-7, 7 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2017-11-28
Country of Publication
Egypt
No. of Pages
7
Main Subjects
Abstract EN
It is vital for make-to-order manufacturers to shorten the lead time to meet the customers’ requirements.
Holding work-in-process (WIP) inventory at more stations can reduce the lead time, but it also brings about higher inventory holding cost.
Therefore, it is important to seek out the optimal set of stations to hold WIP inventory to minimize the total inventory holding cost, while meeting the required due date for the final product at the same time.
Since the problem with deterministic processing times at the stations has been addressed, as a natural extension, in this study, we address the problem with stochastic processing times, which is more realistic in the manufacturing environment.
Assuming that the processing times follow normal distributions, we propose a solution procedure using genetic algorithm.
American Psychological Association (APA)
Jiang, Jingjing& Rim, Suk-Chul. 2017. Strategic WIP Inventory Positioning for Make-to-Order Production with Stochastic Processing Times. Mathematical Problems in Engineering،Vol. 2017, no. 2017, pp.1-7.
https://search.emarefa.net/detail/BIM-1192451
Modern Language Association (MLA)
Jiang, Jingjing& Rim, Suk-Chul. Strategic WIP Inventory Positioning for Make-to-Order Production with Stochastic Processing Times. Mathematical Problems in Engineering No. 2017 (2017), pp.1-7.
https://search.emarefa.net/detail/BIM-1192451
American Medical Association (AMA)
Jiang, Jingjing& Rim, Suk-Chul. Strategic WIP Inventory Positioning for Make-to-Order Production with Stochastic Processing Times. Mathematical Problems in Engineering. 2017. Vol. 2017, no. 2017, pp.1-7.
https://search.emarefa.net/detail/BIM-1192451
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1192451