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

Anna Myrodia; Martin Bonev; Lars Hvam

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 proceeding › Article in proceedings › Research › peer-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 language	English
Title of host publication	Proceedings of the 2015 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM)
Publisher	IEEE
Publication date	2015
Pages	48-52
Publication status	Published - 2015
Event	2015 IEEE International Conference on Industrial Engineering and Engineering Management - Singapore, Singapore Duration: 6 Dec 2015 → 9 Dec 2015 https://ieeexplore.ieee.org/xpl/conhome/7378213/proceeding

Conference

Conference	2015 IEEE International Conference on Industrial Engineering and Engineering Management
Country/Territory	Singapore
City	Singapore
Period	06/12/2015 → 09/12/2015
Internet address	https://ieeexplore.ieee.org/xpl/conhome/7378213/proceeding

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title = "Two-way substitution effects on inventory in configure-to-order production systems",

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.",

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booktitle = "Proceedings of the 2015 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM)",

publisher = "IEEE",

address = "United States",

note = "2015 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2015 ; Conference date: 06-12-2015 Through 09-12-2015",

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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). IEEE, pp. 48-52, 2015 IEEE International Conference on Industrial Engineering and Engineering Management, Singapore, Singapore, 06/12/2015.

Two-way substitution effects on inventory in configure-to-order production systems. / Myrodia, Anna; Bonev, Martin; Hvam, Lars.
Proceedings of the 2015 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM). IEEE, 2015. p. 48-52.

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

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AU - Bonev, Martin

AU - Hvam, Lars

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N2 - 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.

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M3 - Article in proceedings

SP - 48

EP - 52

BT - Proceedings of the 2015 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM)

PB - IEEE

T2 - 2015 IEEE International Conference on Industrial Engineering and Engineering Management

Y2 - 6 December 2015 through 9 December 2015

ER -

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

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