A heuristic for determination of optimal capacity of central storage

A system of one machine used to produce m products in batches and a central storage used for storing raw materials and finished products is considered. The system maintains enough finished products to assure no stockout will happen. The machine has a finite production rate greater than or equal to t...

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Veröffentlicht in:Computers & industrial engineering 1991, Vol.21 (1-4), p.447-451
1. Verfasser: Houshyar, Abdolazim
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description A system of one machine used to produce m products in batches and a central storage used for storing raw materials and finished products is considered. The system maintains enough finished products to assure no stockout will happen. The machine has a finite production rate greater than or equal to the demand rate for each product, and thus operates with periodic start-ups and shut-downs. For special case when set-up for each product requires time and every product is produced in every cycle, the best policy given limited storage space is determined, and total production cost as a function of set-up costs, carrying cost, storage cost, and material handling cost is presented. A heuristic is developed that determines “optimal feasible cycle time” such that production scheduling remains feasible, the capacity of the central storage is not exceeded, and the overall costs are minimized.
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source Elsevier ScienceDirect Journals
subjects Applied sciences
Cost analysis
Exact sciences and technology
Feasibility studies
Heuristic
Inventory control, production control. Distribution
Operational research and scientific management
Operational research. Management science
Production costs
Production scheduling
Raw materials
Storage
title A heuristic for determination of optimal capacity of central storage
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