Abstract
In this paper we consider a piece of manufacturing equipment dedicated to the production of a family of items. With known level demand rates for the individual items the policy used is to cycle through production of all of the items every T units of time. The paper addresses the choice among two adjustment options when the cost-minimizing T value leads to potential spoilage of an item because of shelf life considerations. The less obvious option of slowing the production rate of the concerned item is shown to be more cost effective than simply reducing the T value.
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.
