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Interactive effects of seasonal-demand characteristics on manufacturing systems

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  • Sanket Bhat
  • Ananth Krishnamurthy

Abstract

In this paper, we identify different characteristics of seasonal demands and analyse their impact on manufacturing systems. In particular, we consider a single-stage production facility that has flexibility to adjust its production rates or inventory target levels. Using Markov decision process formulation, we analyse a model that minimises the total cost under infinite horizon discounted and average cost criteria. Through extensive numerical studies, we reveal several insights related to the individual and joint impact of seasonal demand characteristics that are of practical interests to manufacturers.

Suggested Citation

  • Sanket Bhat & Ananth Krishnamurthy, 2016. "Interactive effects of seasonal-demand characteristics on manufacturing systems," International Journal of Production Research, Taylor & Francis Journals, vol. 54(10), pages 2951-2964, May.
    • Handle: RePEc:taf:tprsxx:v:54:y:2016:i:10:p:2951-2964
    DOI: 10.1080/00207543.2016.1138150
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    Cited by:

    1. Lamballais, T. & Merschformann, M. & Roy, D. & de Koster, M.B.M. & Azadeh, K. & Suhl, L., 2022. "Dynamic policies for resource reallocation in a robotic mobile fulfillment system with time-varying demand," European Journal of Operational Research, Elsevier, vol. 300(3), pages 937-952.

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