Stochastic approximations for optimal buffer capacity of many-station production lines (Q843399)
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English | Stochastic approximations for optimal buffer capacity of many-station production lines |
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Stochastic approximations for optimal buffer capacity of many-station production lines (English)
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12 October 2009
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Summary: Probabilistic processing times, times between breakdowns and repair times make the amount of stock in buffers between stations in production lines behave as a stochastic process. Too much or too little buffer stock reduces system economy and efficiency, respectively. We obtain optimum buffer capacities and initial stock levels for production lines employing a mathematical random walk approach based on the maximum and minimum values of a stochastic process in a time window. Two approximations are developed, each useful under different risk-acceptance assumptions. Simulation results populate the equations. A motivating case study from a discrete part manufacturing line, including an example of using regression on the simulated results, is presented.
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buffer size
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many-station production line
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maximum and minimum of a stochastic process
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random walk
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risk acceptance
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