Managing Capacity and Inventory Jointly in Manufacturing Systems
Management Science
Aggregate production planning for a continuous reconfigurable manufacturing process
Computers and Operations Research
e-Work based collaborative optimization approach for strategic logistic network design problem
Computers and Industrial Engineering
Inventory model for seasonal demand with option to change the market
Computers and Industrial Engineering
The activity-based aggregate production planning with capacity expansion in manufacturing systems
Computers and Industrial Engineering
Mathematical and Computer Modelling: An International Journal
Designing decision support systems for value-based management: A survey and an architecture
Decision Support Systems
| Hi-index | 0.00 |
Manufacturing managers often address capacity and inventory decisions separately, thus ignoring the interaction between capacity and inventory within a manufacturing system. The separation of these two decisions can lead to an imbalance of capacity and inventory investment. We develop a model that simultaneously plans capacity investment, inventory investment, and the production schedule using return on assets as the objective to maximize. An algorithm is developed that optimizes a fractional objective function for a mixed-integer program. The model was applied at an electronics manufacturer and at a manufacturer of office supplies.