We consider production systems that can be modeled as Markov chains. A methodology to determine the exact distribution of the number of parts produced by a production system during a fixed time interval and also the exact distribution of the time to produce a given number of parts is presented. These distributions can beused to set due-dates according to the desired service level, to evaluate the due-time performance of production systems, and to derive other performance measures related to the variability of the output.
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Paper provided by Koc University in its series Papers with number
1998/01.
Find related papers by JEL classification: L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production