Inventory Models for Multi-Product Batch Production Systems
Divya Seethapathy
Broschiertes Buch

Inventory Models for Multi-Product Batch Production Systems

Simplifying Complex Inventory Models through Decomposition Based Approach

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Managing product variety poses several challenges at the manufacturer s end in terms of inventory control. Many manufacturers incur increased inventory costs (raw material, in process and finished goods) to guarantee high quality of service to customers. Many companies seeking the right balance of product variety, flexibility and costs choose to manufacture products in a batch production mode. However, batch production systems involve complex trade-offs between productivity losses resulting from making too many small batches and the costs of tying up working capital in inventory as large batch...