Make-to-order versus make-to-stock in a production—inventory system with general production times
作者:
ANTONIO ARREOLA-RISA,
GREGORYA. DeCROIX,
期刊:
IIE Transactions
(Taylor Available online 1998)
卷期:
Volume 30,
issue 8
页码: 705-713
ISSN:0740-817X
年代: 1998
DOI:10.1080/07408179808966516
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
We study the optimality of make-to-order (MTO) versus make-to-stock (MTS) policies for a company producing multiple heterogeneous products at a shared manufacturing facility. Manufacturing times are general i.i.d. random variables, and different products may have different manufacturing-time distributions. Demands for the products are independent Poisson processes with different arrival rates. The costs of managing the production-inventory system are stationary and include inventory holding and backordering costs. Backordering costs may be $ per unit or $ per unit per unit time. We derive optimality conditions for MTO and MTS policies. We also study the impact of several managerial considerations on the MTO versus MTS decision.
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