Increasing production efficiency through restricted sourcing and sequence-dependent setup costs

Increasing production efficiency through restricted sourcing and sequence-dependent setup costs

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Article ID: iaor1991473
Country: United States
Volume: 30
Start Page Number: 58
End Page Number: 62
Publication Date: Mar 1989
Journal: Production and Inventory Management Journal
Authors:
Abstract:

Implementation of the method described increased production efficiency by 14% and reduced total manufacturing and distribution costs by $500000 per year. A linear programming transportation model, an economic-lot-scheduling model for sequence-dependent setup costs, and a safety-stock simulation model were applied jointly to restrict the number of different manufacturing facilities used to produce standard make-to-stock items.

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