Production and Inventory Management with Substitutions

This book addresses production and inventory management problems where products can be replaced by specified substitutes. Depending on the considered application, substitutions can potentially improve the service level, reduce required safety stocks and total setup costs and times, utilize cost vari...

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Bibliographic Details
Main Author: Lang, J. Christian
Format: eBook
Language:English
Published: Berlin, Heidelberg Springer Berlin Heidelberg 2010, 2010
Edition:1st ed. 2010
Series:Lecture Notes in Economics and Mathematical Systems
Subjects:
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
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245 0 0 |a Production and Inventory Management with Substitutions  |h Elektronische Ressource  |c by J. Christian Lang 
250 |a 1st ed. 2010 
260 |a Berlin, Heidelberg  |b Springer Berlin Heidelberg  |c 2010, 2010 
300 |a XX, 260 p. 56 illus  |b online resource 
505 0 |a Production and Operations Management: Models and Algorithms -- Graphical Modeling of Substitutions and Flexible Bills-of-Materials -- Literature Review -- Efficient Reformulations for Uncapacitated and Capacitated Lot-Sizing with Substitutions and Initial Inventories -- MIP-Based Heuristics for Capacitated Lot-Sizing with Sequence-Dependent Setups and Substitutions -- Multi-Level Lot-Sizing Models with Flexible Bills-of-Materials -- Blood Bank Inventory Control with Transshipments and Substitutions -- Conclusions and Future Research 
653 |a Operations Management 
653 |a Operations Research, Management Science 
653 |a Operations research 
653 |a Optimization 
653 |a Production management 
653 |a Management science 
653 |a Mathematical optimization 
653 |a Operations Research and Decision Theory 
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989 |b Springer  |a Springer eBooks 2005- 
490 0 |a Lecture Notes in Economics and Mathematical Systems 
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520 |a This book addresses production and inventory management problems where products can be replaced by specified substitutes. Depending on the considered application, substitutions can potentially improve the service level, reduce required safety stocks and total setup costs and times, utilize cost variations of input products, and reduce the amount of wastage. The main focus is the development of graphical modeling approaches for substitution options and of production planning models based on these approaches using mathematical programming. In addition to single-level dynamic lot-sizing models with substitutions, models for multi-level production systems with flexible bills-of-materials and recipes are devised. Also, a simulation-based optimization approach for a multi-location inventory system with substitutions is developed