Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/26284
Title: Robust production control policy for a multiple machines and multiple product-types manufacturing system with inventory inaccuracy
Authors: Chan, FTS 
Wang, Z
Keywords: Hedging point policy
Inventory inaccuracy
Robust production control
Issue Date: 2014
Publisher: Taylor & Francis
Journal: International journal of production research 
Abstract: Inventory inaccuracy often exists in manufacturing systems, which has great negative impact on the performance of production control, e.g. very high work-in-process holding cost or backlog penalty. To hedge against inventory inaccuracy, the robust production control problems will be investigated for a multiple machines and multiple product-types manufacturing system with uncertain production capacity. The objective of our problem is to minimise the average production cost. To solve this problem, a robust production control policy is developed, which is insensitive to the inventory record errors, and whose robustness is better than the traditional hedging point policy for optimal production control. Finally, numerical experiments are conducted to examine the performance of the proposed robust production control policy against inventory inaccuracy. Based on the experimental results, the conditions of applying the proposed policy are also obtained.
URI: http://hdl.handle.net/10397/26284
ISSN: 0020-7543
EISSN: 1366-588X
DOI: 10.1080/00207543.2014.887864
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