Va. Vargas et R. Metters, ADAPTING LOT-SIZING TECHNIQUES TO STOCHASTIC DEMAND THROUGH PRODUCTION SCHEDULING POLICY, IIE transactions, 28(2), 1996, pp. 141-148
Citations number
24
Categorie Soggetti
Operatione Research & Management Science","Engineering, Industrial
Production-inventory systems that experience significant demand variat
ions from period to period often use deterministic lot-sizing techniqu
es to schedule production runs. If demand is uncertain, safety stock i
s included to buffer against stockouts. In this paper we propose a 'du
al-buffer' production scheduling policy and show that it has superior
performance characteristics to the single buffer policies currently in
use. The second buffer is a simple calculation based on prior work in
stochastic inventory theory. Methodologically, data envelopment analy
sis (DEA) is used to analyze results. This represents an unusual use o
f DEA.