Inventory and production management in supply chains

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Hauptverfasser: Silver, Edward A. 1937- (VerfasserIn), Pyke, David F. 1954- (VerfasserIn), Thomas, Douglas 1966- (VerfasserIn)
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Veröffentlicht: Boca Raton CRC Press, Taylor & Francis Group [2017]
Ausgabe:4th edition
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adam_text Titel: Inventory and production management in supply chains Autor: Silver, Edward A Jahr: 2017 Contents Preface.............................................................................................................xix Acknowledgments..................................xxiii Authors............................................................................................................xxv SECTION 1 THE CONTEXT AND IMPORTANCE OF INVENTORY MANAGEMENT AND PRODUCTION PLANNING 1 The Importance of Inventory Management and Production Planning and Scheduling...............................................................................................3 1.1 Why Aggregate Inventory Investment Fluctuates: The Business Cycle.................7 1.2 Corporate Strategy and the Role of Top Management.....................................8 1.3 The Relationship of Finance and Marketing to Inventory Management and Production Planning and Scheduling.........................................................10 1.3.1 Finance....................................................................................10 1.3.2 Marketing................................................................................11 1.4 Operations Strategy...............................................................................12 1.4.1 Mission...................................................................................13 1.4.2 Objectives................................................................................13 1.4.3 Management Levers....................................................................15 1.4.4 General Comments.....................................................................16 1.5 Measures of Effectiveness for Inventory Management and Production Planning and Scheduling Decisions...........................................................17 1.6 Summary...........................................................................................18 Problems....................................................................................................18 References...................................................................................................20 2 Frameworks for Inventory Management and Production Planning and Scheduling..............................................................................................23 2.1 The Diversity of Stock-Keeping Units........................................................23 2.2 The Bounded Rationality of a Human Being...............................................24 2.3 Decision Aids for Managing Diverse Individual Items....................................25 2.3.1 Conceptual Aids........................................................................25 2.3.2 Physical Aids.............................................................................25 2.4 Frameworks for Inventory Management.....................................................26 2.4.1 Functional Classifications of Inventories...........................................26 2.4.2 The A-B-C Classification as a Basis for Designing Individual Item Decision Models........................................................................28 2.5 A Framework for Production Planning and Scheduling...........................31 2.5.1 A Key Marketing Concept: The Product Life Cycle.............................31 2.5.2 Different Types of Production Processes...........................................33 2.5.3 The Product-Process Matrix..........................................................37 2.6 Costs and Other Important Factors....................................................40 2.6.1 Cost Factors.........................................................................40 2.6.2 Other Key Variables....................................................................44 2.7 Three Types of Modeling Strategies...................................................46 2.7.1 Detailed Modeling and Analytic Selection of the Values of a Limited Number of Decision Variables.......................................................47 2.7.2 Broader-Scope Modeling with Less Optimization...............................47 2.7.3 Minimization of Inventories with Little Modeling...............................47 2.8 The Art of Modeling...............................................47 2.9 Explicit Measurement of Costs...................................49 2.10 Implicit Cost Measurement and Exchange Curves.........................................52 2.11 The Phases of a Major Study of an Inventory Management or Production Planning and Scheduling System..............................................................53 2.11.1 Consideration....................*......................................................54 2.11.2 Analysis...................................................................................55 2.11.3 Synthesis..................................................................................57 2.11.4 Choosing among Alternatives........................................................57 2.11.5 Control...................................................................................58 2.11.6 Evaluation................................................................................58 2.11.7 General Comments.....................................................................58 2.11.8 Transient Effects........................................................................59 2.11.9 Physical Stock Counts.................................................................59 2.12 Summary...........................................................................................61 Problems....................................................................................................61 Appendix 2A: The Lognormal Distribution.........................................................68 References...................................................................................................70 3 Forecasting Models and Techniques..............................................................73 3.1 The Components of Time-Series Analysis...................................................75 3.2 The Three Steps Involved in Statistically Forecasting a Time Series....................77 3.3 Some Aggregate Medium-Range Forecasting Methods....................................78 3.3.1 Regression Procedures.................................................................79 3.4 Individual-Item, Short-Term Forecasting: Models and Procedures.....................81 3.4.1 The Simple Moving Average........................................................ 82 3.4.2 Simple Exponential Smoothing..................................................... 84 3.4.3 Exponential Smoothing for a Trend Model.......................................88 3.4.4 Winters Exponential Smoothing Procedure for a Seasonal Model............92 3.4.5 Selection of Smoothing Constants...................................... 101 3.5 Measuring the Performance of a Forecasting Process....................................104 3.5.1 Measures of Forecast Accuracy.............................................105 3.5.2 Estimating the Standard Deviation of Forecast Errors over a Lead Time.......................................................................109 3.5.3 Monitoring Bias...............................................................111 3.5.4 Corrective Actions in Statistical Forecasting.....................................115 3.5.5 Probability Distributions of Forecast Errors.....................................117 3.6 Handling Anomalous Demand..............................................................117 3.7 Incorporation of Human Judgment.........................................................118 3.7.1 Factors Where Judgment Input Is Needed.......................................118 3.7.2 Guidelines for the Input and Monitoring of Judgment.......................119 3.8 Dealing with Special Classes of Individual Items.........................................120 3.8.1 Items with Limited History.........................................................120 3.8.2 Intermittent and Erratic Demand................................................. 122 3.8.3 Replacement or Service Parts.......................................................123 3.8.4 Terminal Demand....................................................................124 3.9 Assessing Forecasting Procedures: Tactics and Strategy..................................125 3.9.1 Statistical Accuracy of Forecasts....................................................125 3.9.2 Some Issues of a More Strategic Nature.......................................... 126 Problems..................................................................................................128 Appendix 3A: Derivations.............................................................................135 References.................................................................................................137 SECTION II REPLENISHMENT SYSTEMS FOR MANAGING INDIVIDUAL ITEM INVENTORIES WITHIN A FIRM 4 Order Quantities When Demand Is Approximately Level................................. 145 4.1 Assumptions Leading to the Basic EOQ...................................................146 4.2 Derivation of the EOQ........................................................................147 4.2.1 Numerical Illustration...............................................................151 4.3 Sensitivity Analysis..............................................................................152 4.4 Implementation Aids...........................................................................154 4.4.1 Numerical Illustration...............................................................155 4.5 Quantity Discounts............................................................................155 4.5.1 Numerical Illustrations..............................................................158 4.5.2 Item A (An Illustration of Case a of Figure 4.5)................................159 4.5.3 Item B (An Illustration of Case b of Figure 4.5)................................159 4.5.4 Item C (An Illustration of Case c of Figure 4.5)................................160 4.6 Accounting for inflation.......................................................................160 4.6.1 Price Established Independent of Ordering Policy.............................161 4.6.2 Price Set as a Fixed Fractional Markup on Unit Variable Cost..........................................................................163 4.7 Limits on order sizes............................................................................164 4.7.1 Maximum Time Supply or Capacity Restriction...............................164 4.7.2 Minimum Order Quantity.........................................................165 4.7.3 Discrete Units.........................................................................165 4.8 Finite Replenishment Rate: The Economic Production Quantity....................166 4.9 Incorporation of Other Factors..............................................................168 4.9.1 Nonzero Constant Lead Time That Is Known with Certainty...............................................................................168 4.9.2 Nonzero Payment Period............................................................169 4.9.3 Different Types of Carrying Charge..............................................169 4.9.4 Multiple Setup Costs: Freight Discounts ......................................170 4.9.5 A Special Opportunity to Procure.............................................172 4.10 Selection of the Carrying Charge (r), the Fixed Cost per Replenishment (A), or the Ratio Ajr Based on Aggregate Considerations: The Exchange Curve.......176 4.10.1 Exchange Curve Illustration............................................177 4.11 Summary......................................................179 Problems............................................................179 Appendix 4A: Derivations..............................................187 References.................................................................193 5 Lot Sizing for Individual Items with Time-Varying Demand.............................199 5.1 The Complexity of Time-Varying Demand...............................................200 5.2 The Choice of Approaches....................................................................201 5.3 General Assumptions and a Numerical Example.........................................202 5.3.1 The Assumptions.....................................................................202 5.3.2 A Numerical Example...............................................................203 5.4 Use of a Fixed EOQ............................................................................204 5.5 The Wagner-Whitin Method: An Optimal Solution under an Additional Assumption......................................................................................205 5.5.1 The Algorithm........................................................................206 5.5.2 Potential Drawbacks of the Algorithm...........................................209 5.6 Heuristic Approaches for a Significantly Variable Demand Pattern..................212 5.6.1 The Silver-Meal, or Least Period Cost, Heuristic..............................212 5.6.2 The EOQ Expressed as a Time Supply (POQ).................................216 5.6.3 Lot-for-Lot.............................................................................216 5.6.4 Least Unit Cost.......................................................................216 5.6.5 Part-Period Balancing................................................................216 5.6.6 Performance of the Heuristics......................................................218 5.6.7 When to Use Heuristics.............................................................219 5.6.8 Sensitivity to Errors in Parameters................................................220 5.6.9 Reducing System Nervousness.....................................................221 5.7 Handling of Quantity Discounts............................................................221 5.8 Aggregate Exchange Curves...................................................................223 5.9 Summary.........................................................................................223 Problems................................................................................................ 223 Appendix 5A: Dynamic Programming and Linear Programming Formulations...........232 References........................................................................................................................................................233 6 Individual Items with Probabilistic Demand.................................................237 6.1 Some Important Issues and Terminology....................................................................238 6.11 Different Definitions of Stock Level...................................... 238 6.1.2 Backorders versus Lost Sales................................................ 239 6.1.3 Three Key Issues to Be Resolved by a Control System under Probabilistic Demand................................................................................................239 6.2 The Importance of the Item: A, B, and C Classification........................ 240 6.3 Continuous versus Periodic Review..............................................................240 6.4 The Form of the Inventory Policy: Four Types of Control Systems 241 6.4.1 Order-Point, Order-Quantity (t, Q) System....................................242 6.4.2 Order-Point, Order-Up-to-Level (s, S) System.................................242 6.4.3 Periodic-Review, Order-Up-to-Level (/?, S) System............................243 6.4.4 (R, s, S) System........................................................................244 6.5 Specific Cost and Service Objectives........................................................245 6.5-1 Choosing the Best Approach.......................................................246 6.5.2 SSs Established through the Use of a Simple-Minded Approach...............................................................................246 6.5.3 SSs Based on Minimizing Cost....................................................248 6.5.4 SSs Based on Customer Service....................................................248 6.5.5 SSs Based on Aggregate Considerations..........................................250 6.6 Two Examples of Finding the Reorder Point s in a Continuous-Review, Order-Point, Order-Quantity (s, Q) System..............................................250 6.6.1 Protection over the Replenishment Lead Time.................................251 6.6.2 An Example Using a Discrete Distribution......................................252 6.7 Decision Rules for Continuous-Review, Order-Point, Order-Quantity (s, Q) Control Systems.................................................................................256 6.7.1 Common Assumptions and Notation............................................257 6.7.2 General Approach to Establishing the Value of 5...............................259 6.7.3 Common Derivation.................................................................260 6.7.4 Decision Rule for a Specified Safety Factor (k).................................263 6.7.5 Decision Rule for a Specified Cost (B ) per Stockout Occasion................................................................................263 6.7.6 Decision Rule for a Specified Fractional Charge {Bj) per Unit Short......266 6.7.7 Decision Rule for a Specified Fractional Charge (S3) per Unit Short per Unit Time.........................................................................268 6.7.8 Decision Rule for a Specified Charge (S4) per Customer Line Item Short....................................................................................269 6.7.9 Decision Rule for a Specified Probability (Si) of No Stockout per Replenishment Cycle.................................................................269 6.7.10 Decision Rule for a Specified Fraction (S%) of Demand Satisfied Direcdy from Shelf...................................................................271 6.7.11 Decision Rule for a Specified Average Time (TBS) between Stockout Occasions...............................................................................273 6.7.12 Decision Rule for the Allocation of a TSS to Minimize the ETSOPY.....274 6.7.13 Decision Rule for the Allocation of a TSS to Minimize the ETVSPY.....274 6.7.14 Nonnormal Lead Time Demand Distributions................................275 6.8 Implied Costs and Performance Measures.................................................277 6.9 Decision Rules for Periodic-Review, Order-Up-to-Level (R, S) Control Systems............................................................................................277 6.9.1 The Review Interval (R).............................................................278 6.9.2 The Order-Up-to-Level (S).........................................................278 6.9.3 Common Assumptions and Notation............................................280 6.9.4 Common Derivation.................................................................280 6.10 Variability in the Replenishment Lead Time Itself.......................................282 6.10.1 Approach 1: Use of the Total Demand over the Full Lead Time..............................................................................283 6.10.2 Approach 2: Use of the Distribution of Demand Rate per Unit Time Combined with the Lead Time Distribution.................................284 6.10.3 Nonnormal Distributions..............................................285 6.11 Exchange Curves Involving SSs for (s, Q) Systems........................286 6.11.1 Single Item Exchange Curve: Inventory versus Service....................287 6.11.2 An Illustration of the Impact of Moving Away from Setting Reorder Points as Equal Time Supplies.....................................................288 6.11.3 Derivation of the SS Exchange Curves...........................................290 6.11.4 Composite Exchange Curves......................................................293 6.12 Summary..................................................................294 Problems.....................................................................295 Appendix 6A: Some Illustrative Derivations and Approximations............................304 References...................................................................312 SECTION III SPECIAL CLASSES OF ITEMS 7 Managing the Most Important Inventories....................................................319 7.1 Nature of Class A Items........................................................................319 7.2 Guidelines for Control of A Items...........................................................320 7.3 Simultaneous Determination of r and Q for Fast-Moving Items......................322 7.3.1 Decision Rules.........................................................................323 7.3.2 Cost Penalties..........................................................................325 7.3.3 Further Comments...................................................................325 7.4 Decision Rules for (s, S) Systems............................................................327 7.4.1 Simple Sequential Determination of s and S....................................328 7.4.2 Simultaneous Selection of s and S Using the Undershoot Distribution............................................................................328 7.4.3 Comparison of the Methods........................................................331 7.5 Decision Rules for (R, s, S) Systems.........................................................332 7.5.1 Decision Rule for a Specified Fractional Charge (B$) per Unit Short at the End of Each Period........................................332 7.5.2 Decision Rule for a Specified Fraction (Pi) of Demand Satisfied Directly from Shelf...................................................................334 7.6 Coping with Nonstationary Demand.......................................................337 7.7 Comments on Multiple Sources of Supply and Expediting ...........................339 7.8 Summary..................................................... ................................. 241 Problems........................................................................................................................................................................241 Appendix 7A: Simultaneous Solutions for Two Control Parameters......................... 345 References..................................................................................................................................246 8 Managing Slow-Moving and Low-Value (Class C) Inventories...........................351 8.1 Order-Point, Order-Quantity (s, Q) Systems for Slow-Moving A Items............351 8.1.1 B) Cost Measure for Very-Slow-Moving, Expensive Items (Q = 1)............................................................................ 8.1.2 Case of Q 1 and a B Cost Structure................................. 256 8.1.3 Simultaneous Determination of s and Q for Slow-Moving Items........ 356 8.2 Controlling the Inventories of Intermittent Demand Items..................................357 8.3 Nature of C Items...............................................................................358 8.4 Control of C Items Having Steady Demand..............................................359 8.4.1 Inventory Records....................................................................359 8.4.2 Selecting the Reorder Quantity (or Reorder Interval).........................359 8.4.3 Selecting the Reorder Point (or Order-up-to Level)...........................360 8.4.4 Two-Bin System Revisited..........................................................361 8.4.5 Simple Form of the (R, S) System.................................................362 8.4.6 Grouping of Items....................................................................363 8.5 Control of Items with Declining Demand Patterns......................................363 8.5.1 Establishing the Timing and Sizes of Replenishments under Deterministic Demand..............................................................363 8.5.2 Sizing of the Final Replenishment under Probabilistic Demand............364 8.6 Reducing Excess Inventories..................................................................365 8.6.1 Review of the Distribution by Value..............................................366 8.6.2 Rule for the Disposal Decision.....................................................368 8.6.3 Options for Disposing of Excess Stock...........................................370 8.7 Stocking versus Not Stocking an Item......................................................371 8.7.1 Relevant Factors.......................................................................371 8.7.2 Simple Decision Rule................................................................372 8.7.3 Some Extensions......................................................................373 8.8 Summary.........................................................................................374 Problems..................................................................................................374 Appendix 8A: Poisson Distribution and Some Derivations.....................................379 References.................................................................................................384 9 Style Goods and Perishable Items...............................................................387 9.1 Style Goods Problem...........................................................................388 9.2 Simplest Case: Unconstrained, Single-Item, Newsvendor Problem...................389 9.2.1 Determination of the Order Quantity by Marginal Analysis................389 9.2.2 An Equivalent Result Obtained through Profit Maximization..........................................................................391 9.2.3 Case of Normally Distributed Demand..........................................392 9.2.4 Case of a Fixed Charge to Place the Order......................................394 9.2.5 Case of Discrete Demand...........................................................395 9.3 Single-Period, Constrained, Multi-Item Situation.......................................397 9.3.1 Numerical Illustration ...............................................................399 9.4 Postponed Product Differentiation..........................................................401 9.4.1 Value of Delayed Financial Commitment.......................................402 9.4.2 Value of Flexibility....................................................................403 9.5 More than One Period in Which to Prepare for the Selling Season...................408 9.6 Multiperiod Newsvendor Problem..........................................................408 9.7 Other Issues Relevant to the Control of Style Goods....................................409 9.7.1 Updadng of Forecasts................................................................409 9.7.2 Reorders and Markdowns...........................................................410 9.7.3 Reserving Capacity Ahead of Time...............................................411 9.7.4 Inventory Policies for Common Components..................................411 9.7.5 Other Research........................................................................412 9.8 Inventory Control of Perishable Items..........................413 9.9 Summary..........................................414 Problems................................................414 Appendix 9A: Derivations....................................422 References..............................................................427 SECTION IV MANAGING INVENTORY ACROSS MULTIPLE LOCATIONS AND MULTIPLE FIRMS 10 Coordinated Replenishments at a Single Stocking Point...................................437 10.1 Advantages and Disadvantages of Coordination..........................................438 10 2 Deterministic Case: Selection of Replenishment Quantities in a Family of Items..................................................................................439 10.2.1 Assumptions........................................................................... 439 10.2.2 Decision Rule..........................................................................440 10.2.3 A Bound on the Cost Penalty of the Heuristic Solution......................443 10.3 Deterministic Case with Group Discounts................................................443 10.3.1 Numerical Illustration...............................................................446 10.4 Case of Probabilistic Demand and No Quantity Discounts............................447 10.4.1 (S, c, s), or Can-Order, Systems....................................................448 10.4.2 Periodic Review System..............................................................448 10.5 Probabilistic Demand and Quantity Discounts...........................................451 10.5.1 A Full Truckload Application......................................................453 10.5.2 Numerical Illustration...............................................................454 10.6 Production Environment......................................................................456 10.6.1 Case of Constant Demand and Capacity: Economic Lot Scheduling Problem..................................................................456 10.6.2 Case of Time-Varying Demand and Capacity: Capacitated Lot Sizing...............................................................................461 10.6.3 Probabilistic Demand: The Stochastic Economic Lot Scheduling Problem.............................................................463 10.7 Shipping Consolidation.......................................................................464 10.8 Summary.........................................................................................465 Problems..................................................................................................455 Appendix 10A: Derivation of Results in Section 10.2...........................................474 References.................................................................................................... 11 Multiechelon Inventory Management..........................................................487 11.1 Multiechelon Inventory Management......................................................487 11.2 Structure and Coordination....................................................... 489 11.3 Deterministic Demand..................................................................................................................491 11.3.1 Sequential Stocking Points with Level Demand................................491 11.3.2 Other Results for the Case of Level Demand...................................495 11.3.3 Multiechelon Stocking Points with Time-Varying Demand.................496 11.4 Probabilistic Demand............................................................................498 11.4.1 Base Stock Control System..............................................................................501 11.4.2 Serial Situation..........................................503 11.4.3 Arborescent Situation................................................................506 11.5 Remaxmfacturing and Product Recovery...................................................513 11.5.1 Multiechelon Situation with Probabilistic Usage and One-for-One Ordering.............................................................. 515 11.5.2 Some Extensions of the Multiechelon Repair Situation.......................520 11.5.3 Some Insights and Results for the More General Context of Remanufacturing and Product Recovery.........................................521 11.6 Additional Insights.............................................................................523 11.6.1 Economic Incentives to Centralize Stocks.......................................523 11.6.2 Where to Deploy Stock..............................................................525 11.6.3 Lateral Transshipments..............................................................526 11.7 Summary.........................................................................................526 Problems..................................................................................................526 Appendix 11A: Derivation of the Logic for Computing the Best Replenishment Quantities in a Deterministic, Two-Stage Process..........................530 References...............................................................................................531 12 Coordinating Inventory Management in the Supply Chain...............................543 12.1 Information Distortion in a Supply Chain................................................544 12.2 Collaboration and Information Sharing....................................................546 12.2.1 Sales and Operations Planning.....................................................546 12.2.2 Collaborative Forecasting...........................................................547 12.3 Vendor-Managed Inventory..................................................................548 12.4 Aligning Incentives.............................................................................548 12.4.1 Wholesale Price Contract...........................................................549 12.4.2 Buyback Contract....................................................................551 12.4.3 Revenue-Sharing Contract..........................................................553 12.4.4 Service-Level Agreements...........................................................554 12.4.5 Challenges Implementing Coordinating Agreements.........................554 12.5 Summary.........................................................................................555 Problems..................................................................................................555 References.................................................................................................556 SECTION V PRODUCTION MANAGEMENT 13 An Overall Framework for Production Planning and Scheduling.......................561 13.1 Characteristics of Different Production Processes........................................561 13.2 A Framework for Production Decision Making..........................................564 13.2.1 A Review of Anthony s Hierarchy of Managerial Decisions..................564 13.2.2 Integration at the Operational Level..............................................565 13.2.3 The Framework.......................................................................565 13.3 Options in Dealing with the Hierarchy of Decisions....................................571 13.3.1 Monolithic Modeling Approach...................................................571 13.3.2 Implicit Hierarchical Planning.....................................................572 13.3.3 Explicit Hierarchical Planning.....................................................572 13.3.4 The Hax-Meal Hierarchical Planning System..................................573 13.4 Summary.........................................................................................576 Problems 577 References...........................................577 14 Medium-Range Aggregate Production Planning...............................581 14.1 The Aggregate Planning Problem.......................................581 14.2 The Costs Involved...................................................585 14.2.1 Costs of Regular-Time Production.....................................585 14.2.2 Overtime Costs........................................................587 14.2.3 Costs of Changing the Production Rate.........................................587 14.2.4 Inventory Associated Costs.....................................................588 14.2.5 Costs of Insufficient Capacity in the Short Run................................589 14.3 The Planning Horizon.........................................................................590 14.4 Two Pure Strategies: Level and Chase.......................................................591 14.5 Feasible Solution Methods....................................................................592 14.5.1 General Comments...................................................................592 14.5.2 An Example of a Graphic-Tabular Method.....................................593 14.6 Linear Programming Models.................................................................599 14.6.1 Strengths and Weaknesses...........................................................601 14.6.2 The Inclusion of Integer Variables in LP Formulations.......................602 14.6.3 The Land Algorithm.................................................................603 14.7 Simulation Search Procedures................................................................603 14.8 Modeling the Behavior of Managers........................................................605 14.8.1 Management Coefficients Models.................................................605 14.8.2 Manpower Decision Framework...................................................607 14.9 Planning for Adjustments Recognizing Uncertainty.....................................607 14.9.1 The Production-Switching Heuristic.............................................608 14.10 Summary.........................................................................................609 Problems..................................................................................................610 References.................................................................................................617 15 Material Requirements Planning and Its Extensions........................................621 15.1 The Complexity of Multistage Assembly Manufacturing...............................622 15.2 The Weaknesses of Traditional Replenishment Systems in a Manufacturing Setting.........................................................................623 15.3 Closed-Loop MRP..............................................................................624 15.4 Material Requirements Planning.............................................................626 15.4.1 Some Important Terminology......................................................626 15.4.2 Information Required for MRP...................................................630 15.4.3 The General Approach of MRP...................................................630 15.4.4 A Numerical Illustration of the MRP Procedure...............................633 15.4.5 The Material Requirements Plan and Its Uses..................................639 15.4.6 Low-Value, Common-Usage Items............................................... 639 15.4.7 Pegging................................................................................ 639 15.4.8 Handling Requirements Updates........................................... 640 15.4.9 Coping with Uncertainty in MRP......................................... 641 15.5 Capacity Requirements Planning............................................................642 15.6 Distribution Requirements Planning..........................................................................644 15.7 Weaknesses of MRP............................................................................645 15.8 ERP Systems.....................................................................................647 15.8.1 Enhancements to ERP Systems....................................................649 15.9 Summary.........................................................................................650 Problems..................................................................................................650 References.................................................................................................656 16 Just in-Time, Optimized Production Technology and Short-Range Production Scheduling............................................................................................661 16.1 Production Planning and Scheduling in Repetitive Situations: Just in-Time.......662 16.1.1 Philosophy of JIT.....................................................................662 16.1.2 Kanban Control System.............................................................664 16.1.3 Benefits and Weaknesses of JIT....................................................669 16.2 Planning and Scheduling in Situations with Bottlenecks: Optimized Production Technology........................................................................671 16.2.1 Philosophy of OPT...................................................................671 16.2.2 Drum-Buffer-Rope Scheduling....................................................676 16.2.3 A Related System: CONWIP......................................................677 16.2.4 Benefits and Weaknesses of OPT..................................................678 16.3 Short-Range Production Scheduling........................................................679 16.3.1 Issues in Short-Term Scheduling..................................................680 16.3.2 Techniques for Short-Term Scheduling..........................................684 16.3.3 Deterministic Scheduling of a Single Machine: Priority Sequencing Rules.....................................................................688 16.3.4 General Job Shop Scheduling......................................................692 16.4 Summary.........................................................................................699 Problems..................................................................................................699 Appendix 16A: Proof that SPT Minimizes Total Flowtime.....................................703 References.................................................................................................704 17 Summary..............................................................................................713 17.1 Operations Strategy.............................................................................713 17.2 Changing the Givens...........................................................................714 17.3 Future Developments..........................................................................715 Appendix I: Elements of Lagrangian Optimization................................................717 Appendix II: The Normal Probability Distribution................................................723 Appendix III: Approximations and Excel Functions ...............................................743 Author Index................................................................................................749 Subject Index................................................................................................767
any_adam_object 1
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spellingShingle Silver, Edward A. 1937-
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Inventory and production management in supply chains
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title Inventory and production management in supply chains
title_auth Inventory and production management in supply chains
title_exact_search Inventory and production management in supply chains
title_full Inventory and production management in supply chains Edward A. Silver, David F. Pyke, Douglas J. Thomas
title_fullStr Inventory and production management in supply chains Edward A. Silver, David F. Pyke, Douglas J. Thomas
title_full_unstemmed Inventory and production management in supply chains Edward A. Silver, David F. Pyke, Douglas J. Thomas
title_short Inventory and production management in supply chains
title_sort inventory and production management in supply chains
topic Entscheidungsmodell (DE-588)4121201-0 gnd
Produktionsplanung (DE-588)4047360-0 gnd
Operations Management (DE-588)4549167-7 gnd
Entscheidungsprozess (DE-588)4121202-2 gnd
Lagerhaltung (DE-588)4034081-8 gnd
Supply Chain Management (DE-588)4684051-5 gnd
Management (DE-588)4037278-9 gnd
Produktion (DE-588)4047347-8 gnd
topic_facet Entscheidungsmodell
Produktionsplanung
Operations Management
Entscheidungsprozess
Lagerhaltung
Supply Chain Management
Management
Produktion
url https://doi.org/10.1201/9781315374406
http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029278748&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
work_keys_str_mv AT silveredwarda inventoryandproductionmanagementinsupplychains
AT pykedavidf inventoryandproductionmanagementinsupplychains
AT thomasdouglas inventoryandproductionmanagementinsupplychains