Simulation‐Based Optimization of Capacitated Assembly Systems under Beta‐Service Level Constraints

Decision Sciences, pp. 180-217, 2018.

Cited by: 3|Views11

Abstract:

We study a class of capacitated assembly systems operated by base-stock policies and address the problem of finding base-stock levels that minimize holding costs under beta-service level (fill rate) constraints over an infinite horizon. To solve this nonconvex constrained optimization problem, we develop a new simulation-based optimizatio...More

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