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Integrated capacity and inventory decisions

hal.structure.identifierTechnische Universiteit Eindhoven
dc.contributor.authorDellaert, Nico*
hal.structure.identifierTechnische Universiteit Eindhoven
dc.contributor.authorFlapper, S. D. P.*
hal.structure.identifierLaboratoire d'analyse et modélisation de systèmes pour l'aide à la décision [LAMSADE]
dc.contributor.authorJeunet, Jully*
hal.structure.identifier
dc.contributor.authorTan, Tarkan*
dc.date.accessioned2016-06-27T09:39:21Z
dc.date.available2016-06-27T09:39:21Z
dc.date.issued2012
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/15575
dc.descriptionInternational Conference on Operations Research (OR 2011), August 30 - September 2, 2011, Zurich, Switzerlanden
dc.language.isoenen
dc.subjectoptimal strategyen
dc.subjectinventoriesen
dc.subject.ddc003en
dc.titleIntegrated capacity and inventory decisionsen
dc.typeCommunication / Conférence
dc.description.abstractenThis paper deals with the simultaneous acquisition of capacity and material in a situation with uncertain demand, with non-zero lead-times for the supply of both material and capacity. Although there is a lot of literature on the time-phased acquisition of capacity and material, most of this literature focuses on one of the two decisions. By using a dynamic programming formulation, we describe the optimal balance between using safety stocks and contingent workforce for various lead-time situations. We compare the cost ingredients of the optimal strategy with the standard inventory approach that neglects capacity restrictions in the decision. The experimental study shows that co-ordination of both decisions in the optimal strategy leads to cost reductions of around 10%.We also derive characteristics of the optimal strategy that we expect to provide a thorough basis for operational decision making.en
dc.identifier.citationpages463-468en
dc.relation.ispartoftitleOperations Research Proceedings 2011. Selected Papers of the International Conference on Operations Research (OR 2011), August 30 - September 2, 2011, Zurich, Switzerlanden
dc.relation.ispartofeditorDiethard Klatte, Hans-Jakob Lüthi, Karl Schmedders
dc.relation.ispartofpublnameSpringeren
dc.relation.ispartofpublcityBerlin Heidelbergen
dc.relation.ispartofdate2012
dc.relation.ispartofurl10.1007/978-3-642-29210-1en
dc.subject.ddclabelRecherche opérationnelleen
dc.relation.ispartofisbn978-3-642-29209-5en
dc.relation.conftitleInternational Conference on Operations Research (OR 2011)en
dc.relation.confdate2011-09
dc.relation.confcityZurichen
dc.relation.confcountrySwitzerlanden
dc.relation.forthcomingnonen
dc.identifier.doi10.1007/978-3-642-29210-1_74en
dc.description.ssrncandidatenonen
dc.description.halcandidateouien
dc.description.readershiprechercheen
dc.description.audienceInternationalen
dc.relation.Isversionofjnlpeerreviewednonen
dc.relation.Isversionofjnlpeerreviewednonen
dc.date.updated2016-06-24T07:34:15Z
hal.identifierhal-01337581*
hal.version1*
hal.update.actionupdateMetadata*
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