A computational comparison of cyclical and non-cyclical control for stochastic production-inventory systems

A computational comparison of cyclical and non-cyclical control for stochastic production-inventory systems

By: jacobsadm

June 5, 2013

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  • Author(s):
    Nyen, P.L.M. van, Bertrand, J.W.M., Ooijen, H.P.G. van
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  • Appeared In: International Journal of Production Research
  • Volume: 47, 2009
  • Issue: 16
  • Pages: 4609 – 4627

Abstract

  • Cyclical production planning is popular in real-life because of its organisational benefits. We study the application and performance of cyclical production planning in a complex stochastic production-inventory system with job shop routings. We propose a decision-support system that allows computing cost efficient cyclical production plans. Insights on the applicability and performance of cyclical production planning are obtained from an extensive simulation study in which the cyclical approach is compared with a state-of-the-art non-cyclical approach.

 

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