Lecture Notes in Economics and Mathematical Systems

Capacity and Inventory Planning for Make-to-Order Production Systems

The Impact of a Customer Required Lead Time Distribution

Authors: Altendorfer, Klaus

  • ​Identifies inventory reduction potentials for MTO production systems
  • Develops equations and model frameworks as well as explicitly solved optimization problems that can easily be adopted by researchers
  • Explains how the understanding of the influence of customer required lead time supports capacity and inventory decisions
see more benefits

Buy this book

eBook $69.99
price for USA (gross)
  • ISBN 978-3-319-00843-1
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $89.99
price for USA
  • ISBN 978-3-319-00842-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

​The book presents different models for the simultaneous optimization problem of capacity investment and work release rule parameterization. The overall costs are minimized either including backorder costs or considering a service level constraint. The available literature is extended with the integration of a distributed customer required lead time in addition to the actual demand distribution. Furthermore, an endogenous production lead time is introduced. Different models for make-to-order production systems with one or multiple serial processing stages are developed. Capacity investment is linked to the processing rates of the machines or to the number of the machines. Results are equations for service level, tardiness, and FGI lead time in such a production system. For special cases with M/M/1 and M/M/s queues explicit solutions of the optimization problems or optimality conditions concerning capacity investment and work release rule parameterization are provided.

About the authors

Klaus Altendorfer is Professor for Production and Operations Management at the University of Applied Sciences Upper Austria. He received a PhD in Logistics and Operations Management from the University of Vienna, Austria. Stochastic modelling of production systems, production economics and simulation for production planning improvement are his research topics.

Reviews

From the reviews:

“This book comprises a collection of four research papers the author prepared during his time as a Ph.D. student at University of Vienna. … Using simple queueing models, this thesis aims at deriving analytical expressions for performance measures and insights derived from those. It will inspire future work on production control and manufacturing systems design with a particular emphasis on customer requirements. This book summarizes state-of-the-art insights to capacity and inventory planning and will be useful to students and practitioners.” (P. R. Parthasarathy, Mathematical Reviews, March, 2014)

Table of contents (7 chapters)

  • Introduction

    Altendorfer, Klaus

    Pages 1-4

  • Literature Review

    Altendorfer, Klaus

    Pages 5-17

  • Single-Stage Service Level and Tardiness Model

    Altendorfer, Klaus

    Pages 19-42

  • Simultaneous Capacity and Planned Lead Time Optimization

    Altendorfer, Klaus

    Pages 43-71

  • Optimal Composition of Number and Size of Machines

    Altendorfer, Klaus

    Pages 73-98

Buy this book

eBook $69.99
price for USA (gross)
  • ISBN 978-3-319-00843-1
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $89.99
price for USA
  • ISBN 978-3-319-00842-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Loading...

Recommended for you

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Capacity and Inventory Planning for Make-to-Order Production Systems
Book Subtitle
The Impact of a Customer Required Lead Time Distribution
Authors
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
671
Copyright
2014
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing Switzerland
eBook ISBN
978-3-319-00843-1
DOI
10.1007/978-3-319-00843-1
Softcover ISBN
978-3-319-00842-4
Series ISSN
0075-8442
Edition Number
1
Number of Pages
XV, 138
Number of Illustrations and Tables
30 b/w illustrations
Topics