Tradeoffs between base stock levels, numbers of kanbans, and planned supply lead times in production/inventory systems with advance demand information

Tradeoffs between base stock levels, numbers of kanbans, and planned supply lead times in production/inventory systems with advance demand information

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Article ID: iaor20053042
Country: Netherlands
Volume: 96
Issue: 2
Start Page Number: 213
End Page Number: 232
Publication Date: Jan 2005
Journal: International Journal of Production Economics
Authors: ,
Keywords: simulation: applications
Abstract:

We numerically investigate tradeoffs between near-optimal base stock levels, numbers of kanbans, and planned supply lead times in base stock policies and hybrid base stock/kanban policies with advance demand information used for the control of multi-stage production/inventory systems. We report simulation-based computational experience regarding such tradeoffs and the managerial insights behind them for single-stage and two-stage production/inventory systems.

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