Serial production systems with random yield and rigid demand: A heuristic

Serial production systems with random yield and rigid demand: A heuristic

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Article ID: iaor20081688
Country: Netherlands
Volume: 35
Issue: 2
Start Page Number: 235
End Page Number: 244
Publication Date: Mar 2007
Journal: Operations Research Letters
Authors: ,
Keywords: statistics: distributions, game theory
Abstract:

We consider a heuristic for serial production systems with random yields and rigid demand: all usable units exiting a stage move forward. We calculate optimal lots and corresponding expected costs for binomial, interrupted-geometric, and all-or-nothing yields. Our method is that it makes it easy to analyze large systems.

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