Planning Order Releases for an Assembly System with Random Operation Times
Author
Summary, in English
A multi-stage assembly network is considered. A number of end items should be delivered at a certain time. Otherwise a delay cost is incurred. End items and components that are delivered before they are needed will cause holding costs. All operation times are independent stochastic variables. The objective is to choose starting times for different operations in order to minimize the total expected costs. We suggest an approximate decomposition technique that is based on repeated application of the solution of a simpler single-stage problem. The performance of our approximate technique is compared to exact results in a numerical study.
Department/s
Publishing year
2005
Language
English
Pages
459-470
Publication/Series
OR Spectrum: Quantitative Approaches in Management
Volume
27
Issue
2-3
Document type
Journal article
Publisher
Springer
Topic
- Transport Systems and Logistics
Keywords
- Studies
- Cost reduction
- Operations research
- Stochastic models
- Production planning
Status
Published
ISBN/ISSN/Other
- ISSN: 1436-6304