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Assessing the Benefits of Different Stock-Allocation Policies for a Make-to-Stock Production System

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Author Info

  • Francis de Véricourt

    () (Fuqua School of Business, Duke University, Durham, North Carolina 27708)

  • Fikri Karaesmen

    () (Laboratoire Productique Logistique, École Centrale Paris, Grande Voie des Vignes, 92295 Chatenay-Malabry Cedex, France)

  • Yves Dallery

    () (Laboratoire Productique Logistique, École Centrale Paris, Grande Voie des Vignes, 92295 Chatenay-Malabry Cedex, France)

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    Abstract

    We consider a manufacturing facility that produces a single item that is demanded by several different classes of customers. The inventory-related cost performance of such a system can be improved by effective allocation of production and inventories. We obtain the optimal parameters for three easily implementable allocation policies. Our results cover the case of linear backorder costs as well as fill-rate constraints. We compare the optimal performance of these control policies to gain insights into the benefits of different production and stock-allocation rules.

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    File URL: http://dx.doi.org/10.1287/msom.3.2.105.9988
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    Bibliographic Info

    Article provided by INFORMS in its journal Manufacturing & Service Operations Management.

    Volume (Year): 3 (2001)
    Issue (Month): 2 (December)
    Pages: 105-121

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    Handle: RePEc:inm:ormsom:v:3:y:2001:i:2:p:105-121

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    Related research

    Keywords: Inventory/Production; Optimal Policies; Stock Allocation; Queues; Make-to-Stock System;

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    Cited by:
    1. Chen-Ritzo, Ching-Hua & Ervolina, Tom & Harrison, Terry P. & Gupta, Barun, 2011. "Component rationing for available-to-promise scheduling in configure-to-order systems," European Journal of Operational Research, Elsevier, vol. 211(1), pages 57-65, May.

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