Abstract

In this paper, we present a model to design a single standard module when many parts can satisfy a particular technical requirement and parts may be purchased from a variety of vendors. The model attempts to minimize the total fixed costs for using vendors and parts, and the total variable costs for parts. Technical requirements for the set of products are modeled by requiring a miniml number of parts from each substitution group in each product. Also, life cycle demand must be met. We present an algorithm and a heuristic to solve the model. We include initial computational results that demonstrate that the heuristic performs well on the problems tested.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.