Estimation of average backorders for an assemble-to-order system with random batch demands through extreme statistics

Estimation of average backorders for an assemble-to-order system with random batch demands through extreme statistics

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Article ID: iaor20081609
Country: United States
Volume: 54
Issue: 1
Start Page Number: 33
End Page Number: 45
Publication Date: Feb 2007
Journal: Naval Research Logistics
Authors:
Keywords: scheduling, production
Abstract:

We investigate inventory management for a large-scale multi-product, multi-component Assemble-to-Order system with general random batch demands. Results from extreme statistics theory are applied in developing approximation schemes for a widely used performance measure, customer backorders.

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