IDEAS home Printed from https://ideas.repec.org/a/spr/flsman/v31y2019i4d10.1007_s10696-019-09342-x.html
   My bibliography  Save this article

Multi-period process flexibility with inventory

Author

Listed:
  • Philip Kaminsky

    (University of California Berkeley)

  • Yang Wang

    (University of California Berkeley)

Abstract

Motivated by challenges faced by a biopharmaceutical firm, we extend the traditional process flexibility modeling literature by integrating inventory storage capabilities into these models, and develop general guidelines on how to design an effective supply chain network in this setting. Given the expense of inventory storage in the biopharmaceutical industry, the firm is considering incorporating flexible plants that can produce multiple types of product into their current dedicated supply chain in order to better respond to demand uncertainty while limiting the need for inventory. We develop models leading to insights for related strategic questions, including whether or not a new plant should be flexible, and whether and which plants should be modified to include inventory storage capabilities.

Suggested Citation

  • Philip Kaminsky & Yang Wang, 2019. "Multi-period process flexibility with inventory," Flexible Services and Manufacturing Journal, Springer, vol. 31(4), pages 833-893, December.
    • Handle: RePEc:spr:flsman:v:31:y:2019:i:4:d:10.1007_s10696-019-09342-x
    DOI: 10.1007/s10696-019-09342-x
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10696-019-09342-x
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10696-019-09342-x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Mabel C. Chou & Geoffrey A. Chua & Chung-Piaw Teo & Huan Zheng, 2011. "Process Flexibility Revisited: The Graph Expander and Its Applications," Operations Research, INFORMS, vol. 59(5), pages 1090-1105, October.
    2. Francas, David & Kremer, Mirko & Minner, Stefan & Friese, Markus, 2009. "Strategic process flexibility under lifecycle demand," International Journal of Production Economics, Elsevier, vol. 121(2), pages 427-440, October.
    3. David Simchi-Levi & Yehua Wei, 2012. "Understanding the Performance of the Long Chain and Sparse Designs in Process Flexibility," Operations Research, INFORMS, vol. 60(5), pages 1125-1141, October.
    4. Tianhu Deng & Zuo-Jun Max Shen, 2013. "Process Flexibility Design in Unbalanced Networks," Manufacturing & Service Operations Management, INFORMS, vol. 15(1), pages 24-32, April.
    5. Mabel C. Chou & Geoffrey A. Chua & Chung-Piaw Teo & Huan Zheng, 2010. "Design for Process Flexibility: Efficiency of the Long Chain and Sparse Structure," Operations Research, INFORMS, vol. 58(1), pages 43-58, February.
    6. Stephen C. Graves & Brian T. Tomlin, 2003. "Process Flexibility in Supply Chains," Management Science, INFORMS, vol. 49(7), pages 907-919, July.
    7. William C. Jordan & Stephen C. Graves, 1995. "Principles on the Benefits of Manufacturing Process Flexibility," Management Science, INFORMS, vol. 41(4), pages 577-594, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Xuan Wang & Jiawei Zhang, 2015. "Process Flexibility: A Distribution-Free Bound on the Performance of k -Chain," Operations Research, INFORMS, vol. 63(3), pages 555-571, June.
    2. Timothy C. Y. Chan & Daniel Letourneau & Benjamin G. Potter, 2022. "Sparse flexible design: a machine learning approach," Flexible Services and Manufacturing Journal, Springer, vol. 34(4), pages 1066-1116, December.
    3. Zhen Xu & Hailun Zhang & Jiheng Zhang & Rachel Q. Zhang, 2020. "Online Demand Fulfillment Under Limited Flexibility," Management Science, INFORMS, vol. 66(10), pages 4667-4685, October.
    4. Dipankar Bose & A. K. Chatterjee & Samir Barman, 2016. "Towards dominant flexibility configurations in strategic capacity planning under demand uncertainty," OPSEARCH, Springer;Operational Research Society of India, vol. 53(3), pages 604-619, September.
    5. Xi Chen & Jiawei Zhang & Yuan Zhou, 2015. "Optimal Sparse Designs for Process Flexibility via Probabilistic Expanders," Operations Research, INFORMS, vol. 63(5), pages 1159-1176, October.
    6. Antoine Désir & Vineet Goyal & Yehua Wei & Jiawei Zhang, 2016. "Sparse Process Flexibility Designs: Is the Long Chain Really Optimal?," Operations Research, INFORMS, vol. 64(2), pages 416-431, April.
    7. David Simchi-Levi & Yehua Wei, 2015. "Worst-Case Analysis of Process Flexibility Designs," Operations Research, INFORMS, vol. 63(1), pages 166-185, February.
    8. Timothy C. Y. Chan & Douglas Fearing, 2019. "Process Flexibility in Baseball: The Value of Positional Flexibility," Management Science, INFORMS, vol. 65(4), pages 1642-1666, April.
    9. Chua, Geoffrey A. & Chen, Shaoxiang & Han, Zhiguang, 2016. "Hub and Chain: Process Flexibility Design in Non-Identical Systems Using Variance Information," European Journal of Operational Research, Elsevier, vol. 253(3), pages 625-638.
    10. Rujeerapaiboon, Napat & Zhong, Yuanguang & Zhu, Dan, 2023. "Resilience of long chain under disruption," European Journal of Operational Research, Elsevier, vol. 309(2), pages 597-615.
    11. Mabel C. Chou & Geoffrey A. Chua & Huan Zheng, 2014. "On the Performance of Sparse Process Structures in Partial Postponement Production Systems," Operations Research, INFORMS, vol. 62(2), pages 348-365, April.
    12. Arash Asadpour & Xuan Wang & Jiawei Zhang, 2020. "Online Resource Allocation with Limited Flexibility," Management Science, INFORMS, vol. 66(2), pages 642-666, February.
    13. Perraudat, Antoine & Dauzère-Pérès, Stéphane & Vialletelle, Philippe, 2022. "Robust tactical qualification decisions in flexible manufacturing systems," Omega, Elsevier, vol. 106(C).
    14. Jingui Xie & Yiming Fan & Mabel C. Chou, 2017. "Flexibility design in loss and queueing systems: efficiency of k-chain configuration," Flexible Services and Manufacturing Journal, Springer, vol. 29(2), pages 286-308, June.
    15. Cong Shi & Yehua Wei & Yuan Zhong, 2019. "Process Flexibility for Multiperiod Production Systems," Operations Research, INFORMS, vol. 67(5), pages 1300-1320, September.
    16. Xi Chen & Tengyu Ma & Jiawei Zhang & Yuan Zhou, 2019. "Optimal Design of Process Flexibility for General Production Systems," Operations Research, INFORMS, vol. 67(2), pages 516-531, March.
    17. Zhenzhen Yan & Sarah Yini Gao & Chung Piaw Teo, 2018. "On the Design of Sparse but Efficient Structures in Operations," Management Science, INFORMS, vol. 64(7), pages 3421-3445, July.
    18. Shixin Wang & Xuan Wang & Jiawei Zhang, 2021. "A Review of Flexible Processes and Operations," Production and Operations Management, Production and Operations Management Society, vol. 30(6), pages 1804-1824, June.
    19. Guodong Lyu & Wang-Chi Cheung & Mabel C. Chou & Chung-Piaw Teo & Zhichao Zheng & Yuanguang Zhong, 2019. "Capacity Allocation in Flexible Production Networks: Theory and Applications," Management Science, INFORMS, vol. 65(11), pages 5091-5109, November.
    20. Soroush Saghafian & Mark P. Van Oyen, 2016. "Compensating for Dynamic Supply Disruptions: Backup Flexibility Design," Operations Research, INFORMS, vol. 64(2), pages 390-405, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:flsman:v:31:y:2019:i:4:d:10.1007_s10696-019-09342-x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.