Managing production-inventory systems with scarce resources

• Main Authors: BENJAAFAR, Saif, CHEN, David, WANG, Rowan
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2017
• Subjects: Production-inventory systems; Natural resources and the environment; Allowance constraints; Capacity constraints; Stochastic optimal control; Demand fulfillment and rationing; Business; Operations and Supply Chain Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/4555; https://ink.library.smu.edu.sg/context/lkcsb_research/article/5554/viewcontent/Managing_production_inventory_systems_scarce_2016_afv.pdf; https://ink.library.smu.edu.sg/context/lkcsb_research/article/5554/filename/0/type/additional/viewcontent/msom.2016.0603_sm.pdf
• Institution: Singapore Management University

We consider the problem of managing production in a production-inventory system where a firm is subject to an allowance (a limit) on either the amount of input it can use or the amount of output it can produce over a specified compliance period (in addition to being subject to a constraint on the pr...