Joint optimisation of capacity and safety stock allocation

Int. J. Prod. Res., pp. 4612-4628, 2018.

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Abstract:

We study the joint optimisation of capacity and safety stock allocation in assembly systems. Particularly, we consider capacitated systems with base-stock policies and periodic review. Capacity allocation is restricted by budget constraints, which can connect multiple systems. Our objective is to minimise overall inventory holding costs w...More

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