In dynamic, stochastic manufacturing systems, production planners and manuf
acturing engineers can benefit from understanding how rescheduling strategi
es affect system performance. This knowledge will help these experts design
and operate better manufacturing planning and control systems. This paper
presents new analytical models that can predict the performance of reschedu
ling strategies and quantify the trade-offs between different performance m
easures. In the parallel machine systems under consideration, jobs of diffe
rent types arrive dynamically, and setups occur when production changes fro
m one job type to another. Three rescheduling strategies are studied: perio
dic, hybrid, and event-driven based on the queue size. The scheduling algor
ithm groups jobs of the same type in batches to eliminate unnecessary setup
s. The analytical models require less computational effort than simulation
models, and experimental results show that they accurately estimate importa
nt performance measures like average flow time, machine utilization, and se
tup frequency.