Asymptotically-optimal component allocation for Assemble-to-Order production-inventory systems

Haohua Wan; Qiong Wang

doi:10.1016/j.orl.2015.03.010

Asymptotically-optimal component allocation for Assemble-to-Order production-inventory systems

Research output: Contribution to journal › Article › peer-review

Abstract

We consider component allocation in Assemble-to-Order production-inventory systems. We prove that asymptotic optimality on the diffusion scale can be achieved under a continuous-review policy. We also show that in many systems, meeting this optimality criterion requires component reservation.

Original language	English (US)
Pages (from-to)	304-310
Number of pages	7
Journal	Operations Research Letters
Volume	43
Issue number	3
DOIs	https://doi.org/10.1016/j.orl.2015.03.010
State	Published - May 1 2015

Keywords

Allocation
Assemble-to-Order
Asymptotic optimality
Production-inventory

ASJC Scopus subject areas

Software
Management Science and Operations Research
Industrial and Manufacturing Engineering
Applied Mathematics

Online availability

10.1016/j.orl.2015.03.010

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title = "Asymptotically-optimal component allocation for Assemble-to-Order production-inventory systems",

abstract = "We consider component allocation in Assemble-to-Order production-inventory systems. We prove that asymptotic optimality on the diffusion scale can be achieved under a continuous-review policy. We also show that in many systems, meeting this optimality criterion requires component reservation.",

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author = "Haohua Wan and Qiong Wang",

year = "2015",

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N2 - We consider component allocation in Assemble-to-Order production-inventory systems. We prove that asymptotic optimality on the diffusion scale can be achieved under a continuous-review policy. We also show that in many systems, meeting this optimality criterion requires component reservation.

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KW - Asymptotic optimality

KW - Production-inventory

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Asymptotically-optimal component allocation for Assemble-to-Order production-inventory systems

Abstract

Keywords

ASJC Scopus subject areas

Online availability

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