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Optimal Dynamic Scheduling Policy for a Make-To-Stock Production System

Author

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  • Albert Y. Ha

    (Yale University, New Haven, Connecticut)

Abstract

This paper considers the dynamic scheduling problem of a single-server, make-to-stock queue with two products. For the case of Poisson demands and exponential production times, we show that it is optimal to produce the product with the larger b μ index when it is backordered. If the production times are identically distributed, the optimal policy can further be characterized by monotone switching curves. We also prove that a base stock policy coupled with a switching curve is optimal for some initial inventory levels. A simple linear switching rule for determining production priority is proposed and compared with other heuristic policies in a computational experiment.

Suggested Citation

  • Albert Y. Ha, 1997. "Optimal Dynamic Scheduling Policy for a Make-To-Stock Production System," Operations Research, INFORMS, vol. 45(1), pages 42-53, February.
    • Handle: RePEc:inm:oropre:v:45:y:1997:i:1:p:42-53
    DOI: 10.1287/opre.45.1.42
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