The economic justification of setup time reduction under variable demand

DOI10.1080/00207729808929594MaRDI QIDQ4546781zbMATH OpenOpenAlexFDO

Authors Tai-Yue Wang, Jun-Yi Song

Publication date 5 December 2002

Published in International Journal of Systems Science. Principles and Applications of Systems and Integration (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1080/00207729808929594

zbMATH Keywords

budget constraintinvestmentproduct's life cyclesetup timevariable demand

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Consumer behavior, demand theory (91B42)

Recommendations

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Cites work

• A new product growth for model consumer durables
• Investing in Reduced Setups in the EOQ Model
• Setup cost reduction in an inventory model with finite-range stochastic lead times
• Setup time reduction and competitive advantage in a closed manufacturing cell

Cited in

(2)

• Implementing an optimal policy for set-up time reduction in an economic production quantity model
• Controlling adverse effect on work in process inventory while reducing machine setup time

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