Conference paper
Two-way substitution effects on inventory in configure-to-order production systems
In designing configure-to-order productionsystems for a growing product variety, companies arechallenged with an increased complexity for obtaining highproductivity levels and cost-effectiveness. In academiaseveral optimization methods and conceptual frameworksfor substituting components, or increasing storage capacityhave been proposed.
Our study presents a practicalframework for quantifying the impact of a two-waysubstitution at different production stages and its impact oninventory utilization. In a case study we quantify the relationbetween component substitution, and inventory capacityutilization, while maintaining the production capacity as wellas the external product variety.
Language: | English |
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Publisher: | IEEE |
Year: | 2015 |
Pages: | 48-52 |
Proceedings: | 2015 IEEE International Conference on Industrial Engineering and Engineering Management |
ISBN: | 1467380652 , 1467380660 , 1467380679 , 9781467380652 , 9781467380669 and 9781467380676 |
Types: | Conference paper |
DOI: | 10.1109/IEEM.2015.7857641 |
ORCIDs: | Myrodia, Anna , Bonev, Martin and Hvam, Lars |
Companies Complexity Management Complexity theory Component Substitution Inventory Control Mass Customization Mass customization Planning Production Profitability component substitution configure-to-order production system external product variety inventory capacity utilization inventory management inventory two-way substitution effects