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Business Production and Inventory Management with Substitutions (Lecture Notes in Economics and Mathematical Systems, 636)

Posted on 2010-04-15




Name:Business Production and Inventory Management with Substitutions (Lecture Notes in Economics and Mathematical Systems, 636)
ASIN/ISBN:3642042465
Publisher:Springer
Publish Date:edition 2009
Pages:260 pages
File size:1.7 Mb
Publisher: Springer
ISBN: 3642042465
Publish Date: edition 2009
File Type: PDF
Pages: 260 pages
File Size: 1,7 mb
   Business Production and Inventory Management with Substitutions (Lecture Notes in Economics and Mathematical Systems, 636)



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Production and Inventory Management with Substitutions (Lecture Notes in Economics and Mathematical Systems, 636)

This book addresses production and inventory management problems where products can be replaced by specified substitutes. Depending on the considered application, substitutions can potentially improve the service level, reduce required safety stocks and total setup costs and times, utilize cost variations of input products, and reduce the amount of wastage. The main focus is the development of graphical modeling approaches for substitution options and of production planning models based on these approaches using mathematical programming. In addition to single-level dynamic lot-sizing models with substitutions, models for multi-level production systems with flexible bills-of-materials and recipes are devised. Also, a simulation-based optimization approach for a multi-location inventory system with substitutions is developed.

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