An optimal decision model of production-inventory with MTS and ATO hybrid model considering uncertain demand
Summary: This paper presents an optimization decision model for a production system that comprises the hybrid make-to-stock/assemble-to-order (MTS/ATO) organization mode with demand uncertainty, which can be described as a two-stage decision model. In the first decision stage (i.e., before acquiring the actual demand information of the customer), we have studied the optimal quantities of the finished products and components, while in the second stage (i.e., after acquiring the actual demand information of the customer), we have made the optimal decision on the assignment of components to satisfy the remaining demand. The optimal conditions on production and inventory decision are deduced, as well as the bounds of the total procurement quantity of the components in the ATO phase and final products generated in the MTS phase. Finally, an example is given to illustrate the above optimal model. The findings are shown as follows: the hybrid MTS and ATO production system reduces uncertain demand risk by arranging MTS phase and ATO phase reasonably and improves the expected profit of manufacturer; applying the strategy of component commonality can reduce the total inventory level, as well as the risk induced by the lower accurate demand forecasting.
- Inventory and Production Decisions for an Assemble-to-Order System with Uncertain Demand and Limited Assembly Capacity
- Product selection and components replenishment model of ATO manufacturer under heterogeneous demand
- Flexible lot sizing in hybrid make-to-order/make-to-stock production planning
- Multiple customer order decoupling points within a hybrid MTS/MTO manufacturing supply chain with uncertain demands in two consecutive echelons
- A decision support system for order acceptance/rejection in hybrid MTS/MTO production systems
- A decision support system for order acceptance/rejection in hybrid MTS/MTO production systems
- Commonality and postponement in multistage assembly systems
- scientific article; zbMATH DE number 5076448 (Why is no real title available?)
- Inventory and Production Decisions for an Assemble-to-Order System with Uncertain Demand and Limited Assembly Capacity
- Optimal component stocking policy for assemble-to-order systems with lead-time-dependent component and product pricing
- Production and inventory control of a single product assemble-to-order system with multiple customer classes
- Production planning system for a combination of make-to-stock and make-to-order products
- The costs and benefits of commonality in assemble-to-order systems with a (Q,r)-policy for component replenishment
- The impact of component commonality on composite assembly policies
- The impact of demand aggregation through delayed component allocation in an assemble-to-order system
- Management of the risk of backorders in a MTO-ATO/MTS context under imperfect requirements
- Product selection and components replenishment model of ATO manufacturer under heterogeneous demand
- Multiple customer order decoupling points within a hybrid MTS/MTO manufacturing supply chain with uncertain demands in two consecutive echelons
- A decision support system for order acceptance/rejection in hybrid MTS/MTO production systems
This page was built for publication: An optimal decision model of production-inventory with MTS and ATO hybrid model considering uncertain demand
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1665065)
