IDEAS home Printed from https://ideas.repec.org/h/spr/lnechp/978-3-319-00843-1_1.html
   My bibliography  Save this book chapter

Introduction

In: Capacity and Inventory Planning for Make-to-Order Production Systems

Author

Listed:
  • Klaus Altendorfer

    (University of Applied Sciences Upper Austria)

Abstract

Decisions on manufacturing capacity and production planning parameters are continuously faced by manufacturing companies to improve their performance. To determine this performance, internal and external performance indicators can be applied. Important external performance indicators for make-to-order (MTO) production systems are service level and average tardiness. Service level denotes the percentage of orders or pieces delivered on time and average tardiness states how much later than the due date the orders are delivered. Important internal performance indicators are capacity invested and inventory held. To identify an optimum between these conflicting internal and external objectives of a manufacturing company, inventory and capacity invested are weighted by costs which are minimized whereby either tardiness costs are added or a service level constraint is considered. These four conflicting key performance indicators can be influenced by capacity investment and work release to the production system.

Suggested Citation

  • Klaus Altendorfer, 2014. "Introduction," Lecture Notes in Economics and Mathematical Systems, in: Capacity and Inventory Planning for Make-to-Order Production Systems, edition 127, chapter 0, pages 1-4, Springer.
    • Handle: RePEc:spr:lnechp:978-3-319-00843-1_1
    DOI: 10.1007/978-3-319-00843-1_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:lnechp:978-3-319-00843-1_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.