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On the admission control and demand management in a two-station tandem production system

Title
On the admission control and demand management in a two-station tandem production system
Authors
Kim E.
Ewha Authors
김은갑
SCOPUS Author ID
김은갑scopus
Issue Date
2011
Journal Title
Journal of Industrial and Management Optimization
ISSN
1547-5816JCR Link
Citation
vol. 7, no. 1, pp. 1 - 18
Indexed
SCIE; SCOPUS WOS scopus
Abstract
This paper considers a two-station tandem production system consisting of make-to-stock and make-to-order facilities. The make-to-stock facility produces components which are served for external demands as well as internal make-to-order operations while the make-to-order facility processes customer orders with the option to accept or reject. We address the problem of coordinating the decision of when to accept customer order and when to satisfy component demand that maximizes the total expected discounted profit. To deal with this issue, we present a Markov decision process model of two-station tandem queueing system and characterize the structure of the optimal policy. We investigate the marginal impacts of system parameters on the optimal policy and implement a numerical experiment for comparing the performance between the optimal policy and the static policy with two fixed thresholds.
DOI
10.3934/jimo.2011.7.1
Appears in Collections:
경영대학 > 경영학전공 > Journal papers
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