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: | Grosfeld-Nir Abraham, Ben-Zvi Tal |
Keywords: | statistics: distributions, game theory |
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.