Multi-Item Production Lot Sizing with Postponement, External Source for Common Parts, and Adjustable Rate for End Products
| Autor: | Yuan-Shyi Peter Chiu, Hua Yao Wu, Singa Wang Chiu, Tiffany Chiu |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Technology
General Computer Science General Mathematics Floating interest rate 0211 other engineering and technologies two-stage fabrication scheme 02 engineering and technology Automotive engineering 0502 economics and business QA1-939 Production (economics) 021103 operations research Postponement 05 social sciences General Engineering External source General Business Management and Accounting Sizing common parts Multi item external source adjustable rate Business multi-item lot sizing 050203 business & management postponement Mathematics |
| Zdroj: | International Journal of Mathematical, Engineering and Management Sciences, Vol 6, Iss 3, Pp 787-804 (2021) |
| ISSN: | 2455-7749 |
| Popis: | This study considers a multi-item production lot-size problem incorporating postponement, an external source for common parts, and an adjustable-rate for end products. Dealing with product variety, timely requirements, and limited in-house capacity has led production managers to seek manufacturing schemes and utilization-reduction strategies that can help them meet customer needs, smoothen fabrication schedules, and lower overall manufacturing expenses. We propose a two-stage manufacturing scheme. The first stage produces common parts for multiproduct incorporating a partial supply from an outside contractor to reduce utilization/uptime. Stage two fabricates all end products using an adjustable-rate to reduce the uptime further. We build a model to characterize the problem’s features and use optimization methods to derive the optimal rotation cycle time in order to help managers make cost-effective lot-size decisions and allow manufacturers to gain competitive advantages. A numerical illustration validates the model’s capability and applicability. This study makes two important contributions: (1) It offers a decision-support model for studying such a particular batch-size problem and deciding the optimal rotation cycle time, and (2) it identifies the individual/collective influence of dual uptime-reduction strategies on the operating policy and various performance indexes to help facilitate managerial decision-making. |
| Databáze: | OpenAIRE |
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