ENGLISH

Production and Inventory Management with Substitutions

By J. Christian Lang (auth.)

Book information

Publisher
Springer-Verlag Berlin Heidelberg
Year
2010
ISBN
3642042465, 9783642042461
DOI
10.1007/978-3-642-04247-8
LCC
TS157 .L36 2010
Google Books ID
xzcpbeTrE4AC
Open Library ID
OL25147373M
Language
english
Format
PDF
Filesize
2 MB (1922667 bytes)
Series
Lecture Notes in Economics and Mathematical Systems
Edition
1
Pages
260\271
Orientation
no
Scanned
no
Time added
2010-05-31 15:29:46
Mathematical ProgrammingProduction/Logistics; Operations Research/Decision

Description

This book addresses production and inventory management problems where products can be replaced by specified substitutes. Depending on the considered application, substitutions can potentially improve the service level, reduce required safety stocks and total setup costs and times, utilize cost variations of input products, and reduce the amount of wastage. The main focus is the development of graphical modeling approaches for substitution options and of production planning models based on these approaches using mathematical programming. In addition to single-level dynamic lot-sizing models with substitutions, models for multi-level production systems with flexible bills-of-materials and recipes are devised. Also, a simulation-based optimization approach for a multi-location inventory system with substitutions is developed.

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