Analysis of form postponement based on optimal positioning of the differentiation point and stocking decisions
| Autor: | Mohamed Mohamed Naim, Joakim Wikner, Hartanto Wijaya Wong |
|---|---|
| Přispěvatelé: | Innovative Manufacturing Research Centre, Cardiff University, School of Engineering, Jönköping University [Sweden], Cardiff Business School |
| Rok vydání: | 2008 |
| Předmět: |
Inventory control
Mathematical optimization Queueing theory 021103 operations research Supply chain management Operations research Stochastic modelling Strategy and Management Postponement 05 social sciences 0211 other engineering and technologies 02 engineering and technology Management Science and Operations Research Industrial and Manufacturing Engineering Component (UML) Physical Sciences 0502 economics and business Economics Point (geometry) Preference (economics) 050203 business & management |
| Zdroj: | Aarhus University International Journal of Production Research International Journal of Production Research, Taylor & Francis, 2008, 47 (05), pp.1201-1224. ⟨10.1080/00207540701549608⟩ |
| ISSN: | 1366-588X 0020-7543 |
| DOI: | 10.1080/00207540701549608 |
| Popis: | International audience; In this paper we analyse the use of form postponement based on the positioning of differentiation point and stocking policy. Six classes of manufacturing configurations are identified based on the choice of whether or not form postponement is employed and the decision regarding the stocking policy for the final product configurations as well as for the generic component. Analytical evaluation methods based on queuing models are used to assess operational measures for each class of configuration and solution algorithms are developed to determine the optimal positioning of differentiation point and the optimal stocking levels. This allows us to compare the relative merits of all manufacturing configurations based on their respective best performances. The results of numerical experiment show how different operational parameters may influence the choice of optimal configuration, the preference of early or late postponement, and the relative cost savings obtained from employing form postponement. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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