Production and inventory management with substitutions
By: J. Christian Lang
Series: Lecture notes in economics and mathematical systems -- 636; Lecture notes in economics and mathematical systems -- 636.
Publisher: Springer
Published: 2010
Place of publication: Berlin
Language: eng
Number of pages: 258
ISBN-13: 9783642042461; 9783642042478
Subjects: Produktionsplanung; Production management; Dynamische Optimierung; Mathematical models; Losgrösse; Inventory control; Bestandsmanagement
Description: "This book addresses production and inventory management problems where products can be replaced by specified substitutes. Depending on the considered application, substitutions can potentially improve the service level, reduce required safety stocks and total setup costs and times, utilize cost variations of input products, and reduce the amount of wastage. The main focus is the development of graphical modeling approaches for substitution options and of production planning models based on these approaches using mathematical programming. In addition to single-level dynamic lot-sizing models with substitutions, models for multi-level production systems with flexible bills-of-materials and recipes are devised. Also, a simulation-based optimization approach for a multi-location inventory system with substitutions is developed"--
Notes: Based on the author's thesis, Technische Universität Darmstadt, 2009.

Includes bibliographical references (p. 237-253) and index.
Table of contents: title: Production and operations management: models and algorithms; title: Graphical modeling of substitutions and flexible bills-of-materials; title: Literature review; title: Efficient reformulations for uncapacitated and capacitated lot-sizing with substitutions and initial inventories; title: MIP-based heuristics for capacitated lot-sizing with sequence-dependent setups and substitutions; title: 7. Multi-level lot-sizing models with flexible bills-of-materials; title: 8. Blood inventory control with transshipments and substitutions; title: Conclusions and future research.