Accession Number:

ADA053243

Title:

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

Descriptive Note:

Technical rept.,

Corporate Author:

MASSACHUSETTS INST OF TECH CAMBRIDGE OPERATIONS RESEARCH CENTER

Personal Author(s):

Report Date:

1978-03-01

Pagination or Media Count:

26.0

Abstract:

The multi-product production cycling problem is concerned with the determination of a productioninventory 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

Subject Categories:

  • Manufacturing and Industrial Engineering and Control of Production Systems

Distribution Statement:

APPROVED FOR PUBLIC RELEASE