Performance Analysis of Hybrid MTS/MTO Systems with Stochastic Demand and Production

Performance Analysis of Hybrid MTS/MTO Systems with Stochastic Demand and Production

We present a comprehensive numerical approach with reasonably light complexity in terms of implementation and computation for assessing the performance of hybrid make-to-stock (MTS)/make-to-order (MTO) systems. In such hybrid systems, semi-finished products are produced up front and stored in a deco...

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Bibliographic Details
Main Authors: Dieter Fiems, Eline De Cuypere, Koen De Turck, Dieter Claeys
Format: Article
Language:English
Published: MDPI AG 2020-11-01
Series:Mathematics
Subjects:
decoupling inventory
performance evaluation
stochastic modelling
Markov process
Online Access:https://www.mdpi.com/2227-7390/8/11/1925

Internet

https://www.mdpi.com/2227-7390/8/11/1925

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