Order‐fulfillment performance measures in an assemble‐to‐order system with stochastic leadtimes

Order‐fulfillment performance measures in an assemble‐to‐order system with stochastic leadtimes

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Article ID: iaor2001615
Country: United States
Volume: 47
Issue: 1
Start Page Number: 131
End Page Number: 149
Publication Date: Jan 1999
Journal: Operations Research
Authors: , ,
Keywords: production, probability
Abstract:

We study a multicomponent, multiproduct production and inventory system in which individual components are made to stock but final products are assembled to customer orders. Each component is produced by an independent production facility with finite capacity, and component inventory is controlled by an independent base‐stock policy. For any given base‐stock policy, we derive the key performance measures, including the probability of fulfilling a customer order within any specified time window. Computational procedures and numerical examples are also presented. A similar approach applies to the generic multi‐item make‐to‐stock inventory systems in which a typical customer order consists of a kit of items.

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