Inventory and capacity trade-offs in a manufacturing cell

Article Abstract:

A study was conducted to analyze the trade-off between inventory, capacity and variance reduction methods for buffering against uncertainty and model mix fluctuations in a manufacturing cell. The cell was based on one that generates engine blocks that directly feed on to the assembly line. A simulation framework was then utilized to examine the influence of different buffering techniques on throughput time, capacity utilization and output rate.

Research, Manufacturing cells

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Analysis of an inventory system under supply uncertainty

Article Abstract:

A study was conducted to analyze a periodic review, single-item inventory framework under supply uncertainty. In line with this, the uncertainty in supply was characterized using a three-point probability mass function. Different characteristics of the expected cost function were then depicted. Moreover, the optimality of order-up-to type policies was analyzed using a stochastic dynamic programming formulation.

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