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Details for article 13 of 23 found articles
| Title: |
Make-to-order versus make-to-stock in a production—inventory system with general production times |
| Author: |
Arreola-Risa, Antonio DeCROIX, GREGORY A. |
| Appeared in: |
IIE transactions |
| Paging: | Volume 30 (1998) nr. 8 pages 705-713 |
| Year: |
1998-08-01 |
| Contents: |
We study the optimality of make-to-order (MTO) versus make-to-stock (MTS) policies for a company producing multiple heterogeneous products at a shared manufacturing facility. Manufacturing times are general i.i.d. random variables, and different products may have different manufacturing-time distributions. Demands for the products are independent Poisson processes with different arrival rates. The costs of managing the production-inventory system are stationary and include inventory holding and backordering costs. Backordering costs may be $ per unit or $ per unit per unit time. We derive optimality conditions for MTO and MTS policies. We also study the impact of several managerial considerations on the MTO versus MTS decision. |
| Publisher: |
Taylor & Francis |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 13 of 23 found articles
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