| Article ID: | iaor20003473 |
| Country: | United States |
| Volume: | 45 |
| Issue: | 6 |
| Start Page Number: | 919 |
| End Page Number: | 930 |
| Publication Date: | Nov 1997 |
| Journal: | Operations Research |
| Authors: | Zipkin Paul H., Perez A.P. |
| Keywords: | queues: applications |
This paper develops a simple but effective heuristic policy for a stochastic production–inventory system, where several products share a single processor of limited capacity. Our policy combines the best features, and avoids the weaknesses, of prior approaches in the literature. Limited numerical tests suggest that the method performs well.