Approximate Policies for Hybrid Production and Rework Systems with Stochastic Demand and Yield

  • Gotzel C
  • Inderfurth K
N/ACitations
Citations of this article
2Readers
Mendeley users who have this article in their library.
Get full text

Abstract

We consider a production inventory problem under periodic review with stochastic demand and stochastically proportional yield. Defective products (i.e. the yield loss) arising from the unreliable production process can be temporarily stored in an inventory and passed through a rework process. Rework is completely reliable and brings defective products up to the same quality level as new ones, so that they can be used for demand fulfilment. We focus on the application of linear heuristic policies similar to those emerging from MRP application, and develop simple expressions for the computation of policy parameters. Results of a numerical study indicate that the heuristic approach performs quite well.

Cite

CITATION STYLE

APA

Gotzel, C., & Inderfurth, K. (2005). Approximate Policies for Hybrid Production and Rework Systems with Stochastic Demand and Yield (pp. 41–49). https://doi.org/10.1007/3-540-27679-3_6

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free