The Multi-Product Production Cycling Problem: Development of Heuristics.

Abstract

The multi-product production cycling problem is concerned with the determination of a production/inventory policy for a single capacitated production facility which is dedicated to producing a family of products. This paper studies this problem assuming stochastic demand. The one-product problem is formulated as a Markov decision problem which may be reasonably solved. For the multi-product problem, heuristic decision rules are proposed. In the context of an identical-product problem, we develop a heuristic decision policy which is based on the analysis of the one-product problem, and on two new notions: the composite product and the lead-time adjustment. This heuristic is then extended to the identical-cost problem, and the correlated demand problem. Arguments are presented for the generality of the identical-cost problem, and hence the generality of the proposed heuristic policy. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Mar 01, 1978
Accession Number
ADA053243

Entities

People

  • Stephen C. Graves

Organizations

  • Massachusetts Institute of Technology

Tags

DTIC Thesaurus Topics

  • Buildings And Structures
  • Classification
  • Composite Materials
  • Education
  • Equations Of Motion
  • Inventory
  • Inventory Control
  • Lead Time
  • Massachusetts
  • Materials
  • Military Research
  • Operations Research
  • Probability
  • Production
  • Production Rate
  • Scheduling (Production)
  • Security

Fields of Study

  • Mathematics

Readers

  • Operations Research