Two-way substitution effects on inventory in configure-to-order production systems

Anna Myrodia, Martin Bonev, Lars Hvam

    Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

    Abstract

    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.
    Original languageEnglish
    Title of host publicationProceedings of the 2015 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM)
    PublisherIEEE
    Publication date2015
    Pages48-52
    Publication statusPublished - 2015
    Event2015 IEEE International Conference on Industrial Engineering and Engineering Management - Singapore, Singapore
    Duration: 6 Dec 20159 Dec 2015

    Conference

    Conference2015 IEEE International Conference on Industrial Engineering and Engineering Management
    CountrySingapore
    CitySingapore
    Period06/12/201509/12/2015

    Cite this

    Myrodia, A., Bonev, M., & Hvam, L. (2015). Two-way substitution effects on inventory in configure-to-order production systems. In Proceedings of the 2015 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM) (pp. 48-52). IEEE.