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 Integrated Systems of Meso-Meteorological and Chemical Transport Models by J. Christian Lang
Cover of the book Earth System Modelling - Volume 3 by J. Christian Lang
Cover of the book CT Imaging of Myocardial Perfusion and Viability by J. Christian Lang
Cover of the book Liebe, die immer noch schöner wird by J. Christian Lang
Cover of the book P3HT Revisited – From Molecular Scale to Solar Cell Devices by J. Christian Lang
Cover of the book Experimenting on a Small Planet by J. Christian Lang
Cover of the book International Conference on Science Education 2012 Proceedings by J. Christian Lang
Cover of the book Psychologie der Rituale und Bräuche by J. Christian Lang
Cover of the book Vito Volterra by J. Christian Lang
Cover of the book Voltage Gated Sodium Channels by J. Christian Lang
Cover of the book Brain Imaging in Behavioral Neuroscience by J. Christian Lang
Cover of the book BPM Best Practice by J. Christian Lang
Cover of the book On Gauge Fixing Aspects of the Infrared Behavior of Yang-Mills Green Functions by J. Christian Lang
Cover of the book 1000 Fragen aus Genetik, Biochemie, Zellbiologie und Mikrobiologie by J. Christian Lang
Cover of the book Aspects of Neuroendocrinology 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