Abstract
A multiple-product facility consisting of a manufacturing process and a finished product warehouse for several types of products is considered. An (R,r) continuous-review inventory control policy is applied to each type of product in the warehouse. The demand arrival process of each type is assumed to be Poisson. The processing times and the set-up times are arbitrarily distributed. We have developed an iterative procedure to approximately compute the average inventory level of each product in the warehouse under different priority schemes.
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 callDisclaimer: 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.
