Optimal production / inventory control for a two-machine make-to-stock system

• Main Author: Qian, Yi
• Other Authors: Appa Iyer Sivakumar
• Format: Theses and Dissertations
• Language: English
• Published: 2014
• Subjects: DRNTU::Engineering::Manufacturing
• Online Access: http://hdl.handle.net/10356/60520
• Institution: Nanyang Technological University

We consider a two-station make-to-stock system with unreliable machines. Items are stocked in the finished goods inventory after production and serve an exogenous demand. Unfulfilled demand is backordered. The objective is to operate the system such that it meets demand without over-producing, under...