Abstract
This paper presents a method for allocating production capacity among flexible and dedicated machines based on uncertain demand forecasts of products in a production portfolio. Given multiple scenarios of future demands with the associated probabilities, the method provides alternative capacity allocations by quantifying the expected values of the product quality and cost. The product quality is estimated as the total performance variations from the nominal design for each product in a portfolio. The production cost is estimated as the total annual equivalent of investment and operation costs for each production period. A multi-objective genetic algorithm is utilized to compute the Pareto-optimal capacity allocations that quantify the tradeoffs between the expected product quality and cost. Case studies on an automotive valvetrain production are presented, where, under the demand forecasts with low uncertainty, the allocation of flexible machines is encouraged only at production steps critical to quality and cost.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
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.