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- Paul Glasserman
- Columbia Business School, New York, New York
書誌事項
- 公開日
- 1996-10
- DOI
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- 10.1287/opre.44.5.724
- 公開者
- Institute for Operations Research and the Management Sciences (INFORMS)
この論文をさがす
説明
<jats:p> We consider the problem of allocating production capacity among multiple items, assuming that a fixed proportion of overall capacity can be dedicated exclusively to the production of each item. Given a capacity allocation, production of each item follows a base-stock policy, i.e., each demand triggers a replenishment order to restore safety stocks to target levels. We present procedures for choosing base-stock levels and capacity allocations that are asymptotically optimal. Our objective is to minimize holding and backorder costs, or to minimize holding costs subject to a service-level constraint. Asymptotic optimality refers to large backorder penalties or stringent service-level constraints. Numerical results indicate that our rules perform very well even far from the asymptotic regime. A further approximation step results in allocation rules based on heavy-traffic limits; these, too, perform well. </jats:p>
収録刊行物
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- Operations Research
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Operations Research 44 (5), 724-734, 1996-10
Institute for Operations Research and the Management Sciences (INFORMS)
