Component commonality: Models with product-specific service constraints

Component commonality: Models with product-specific service constraints

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Article ID: iaor200470
Country: United States
Volume: 11
Issue: 2
Start Page Number: 199
End Page Number: 215
Publication Date: Jun 2002
Journal: Production and Operations Management
Authors: ,
Keywords: component sharing, supply chain
Abstract:

Common components are used extensively for reasons including product postponement and expediting new product development. We consider a two-stage assemble-to-order system with two products having uniformly distributed demand, one common component, and product-specific components. We develop optimization models in which the cost-minimizing inventory of the components must be determined and allocated to products in order to meet product-specific service level constraints. We compare two different commonality models based on whether or not the products are prioritized. A distinctive feature of our study is the use of product-specific service levels. We compare our results with models using aggregate service levels.

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