Stock-rationing policy for a make-to-stock production system with two priority classes and backordering

This article considers the problem of production control and stock rationing in a make‐to‐stock production system with two priority customer classes and backordering. The problem is formulated as a queueing control model. With Poisson arrivals and exponential production times, we show that the optim...

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Bibliographic Details
Published inNaval research logistics Vol. 44; no. 5; pp. 457 - 472
Main Author Ha, Albert Y.
Format Journal Article
LanguageEnglish
Published New York Wiley Subscription Services, Inc., A Wiley Company 01.08.1997
Wiley
Subjects
Applied sciences
Exact sciences and technology
Inventory control, production control. Distribution
Operational research and scientific management
Operational research. Management science
Production system
Cost minimization
Inventory control
Rationing
Single server queue
Switching
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Summary:This article considers the problem of production control and stock rationing in a make‐to‐stock production system with two priority customer classes and backordering. The problem is formulated as a queueing control model. With Poisson arrivals and exponential production times, we show that the optimal production control and stock‐rationing policies can be characterized by a single, monotone switching curve. © 1997 John Wiley & Sons, Inc. Naval Research Logistics 44: 457–472, 1997
Bibliography:ark:/67375/WNG-M35LW021-H
istex:906FF50E85D5CF8D03A1E1E689655BC42097172B
ArticleID:NAV4
Yale School of Management Faculty Research Fund
ISSN:0894-069X
1520-6750
DOI:10.1002/(SICI)1520-6750(199708)44:5<457::AID-NAV4>3.0.CO;2-3