Institutional Repository
Technical University of Crete
Technical University of Crete
EN
|
EL
| URI | http://purl.tuc.gr/dl/dias/66DEB448-4A38-4546-A08E-2A1F06B11007 | - |
| Identifier | https://doi.org/10.1080/00207540701455343 | - |
| Language | en | - |
| Extent | 20 pages | en |
| Title | Revenue management in single-stage CONWIP production systems | en |
| Creator | Kouikoglou Vasilis | en |
| Creator | Κουϊκογλου Βασιλης | el |
| Creator | Stratos Ioannidis | en |
| Publisher | Taylor & Francis | en |
| Content Summary | We study a joint admission/inventory control problem for a manufacturing system producing one product to meet random demand. The system employs a constant work- in-process policy (CONWIP) whereby the total inventory of raw material and finished items is kept constant, and accepts orders only as long as the backlog is below a certain level. The objective is to determine the CONWIP and backlog levels that maximize the mean profit rate of the system. The system is modelled as a single server with a finite queue. It turns out that the mean profit rate is either concave or decreasing in one control parameter and also decreasing for large values of the other control parameter. A simple algorithm is developed which tracks down the globally optimum design in finite time. Numerical results show that the joint admission/inventory control policy achieves higher profit than other production control policies that have been examined in the literature. | en |
| Type of Item | Peer-Reviewed Journal Publication | en |
| Type of Item | Δημοσίευση σε Περιοδικό με Κριτές | el |
| License | http://creativecommons.org/licenses/by/4.0/ | en |
| Date of Item | 2015-11-07 | - |
| Date of Publication | 2008 | - |
| Subject | Queueing systems | en |
| Bibliographic Citation | S. Ioannidis, V.S. Kouikoglou ," Revenue management in single-stage CONWIP production systems ," Intern. J. of Production Research ,vol.46 ,no.22 ,pp. 6513-6532, 2008.doi:10.1080/00207540701455343 | en |
Copyright © DIAS 2013
