A queueing model to analyze the value of centralized inventory information

A queueing model to analyze the value of centralized inventory information

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Article ID: iaor1991838
Country: United States
Volume: 38
Issue: 2
Start Page Number: 296
End Page Number: 307
Publication Date: Mar 1990
Journal: Operations Research
Authors: ,
Keywords: production, queues: theory
Abstract:

Competitive pressures and technological improvements are leading many firms to consider centralized information systems to manage inventories and schedule production. The authors propose a simple model to explore the potential benefits of such coordination. The model represents two products competing for a single production facility. Simple Markovian behavior is assumed throughout. The key step in the analysis is the explicit solution of a queueing model with a novel priority discipline: Serve a customer from the class having the largest number of customers in the system.

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