Article ID: | iaor1992525 |
Country: | United States |
Volume: | 37 |
Issue: | 9 |
Start Page Number: | 1201 |
End Page Number: | 1205 |
Publication Date: | Sep 1991 |
Journal: | Management Science |
Authors: | Leachman Robert C., Xiong Zhong K., Gascon Andre, Park Kwangtae |
Keywords: | production, inventory, heuristics |
A heuristic scheduling policy for multi-item, single-machine scheduling system facing stochastic, time-varying demands was previously introduced by Leachman and Gascon. In this technical note the authors provide an improvement to the calculations of the policy. Simulation tests of the revised version of the policy indicate that the improvements maintain or enhance customer service while reducing total inventory and setup costs on the order of 1-7%.