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.
|Title of host publication||Proceedings of the 2015 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM)|
|Publication status||Published - 2015|
|Event||2015 IEEE International Conference on Industrial Engineering and Engineering Management - Singapore, Singapore|
Duration: 6 Dec 2015 → 9 Dec 2015
|Conference||2015 IEEE International Conference on Industrial Engineering and Engineering Management|
|Period||06/12/2015 → 09/12/2015|
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.