Optimizing processing rates for flexible manufacturing systems
Management Science
The economic production lot size model under volume flexibility
Computers and Operations Research
Competitive and Cooperative Inventory Policies in a Two-Stage Supply Chain
Management Science
A novel game-theory-based analysis approach for running a supply chain project
ICIC'06 Proceedings of the 2006 international conference on Intelligent computing: Part II
Optimal production policy for a two-stage production system under lumpy demand
AI'05 Proceedings of the 18th Australian Joint conference on Advances in Artificial Intelligence
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A production-delivery system in a supply chain is always expected to reduce its overall production and management cost. In this research, a decision-making model is developed for optimal production rate selection in a single-stage supply chain system with volume flexibility, where raw materials and/or components are procured from suppliers and processed into finished products which are delivered to customers periodically at a fixed quantity with a fixed interval of time. In this model, production rate is perceived as a decision variable and unit production cost becomes a function of production rate. A pragmatic computational approach is presented to solve the proposed model for special unit production cost functions. Finally, a numerical study is conducted to illustrate the optimal solution and computational approach.