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dc.contributor.authorTan, T.en_US
dc.contributor.authorAlp O.en_US
dc.date.accessioned2016-02-08T10:04:52Z
dc.date.available2016-02-08T10:04:52Z
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/11693/22800
dc.description.abstractIn a manufacturing system with flexible capacity, inventory management can be coupled with capacity management in order to handle fluctuations in demand more effectively. Typical examples include the effective use of temporary workforce and overtime production. In this paper, we discuss an integrated model for inventory and flexible capacity management under non-stationary stochastic demand with the possibility of positive fixed costs, both for initiating production and for using contingent capacity. We analyze the characteristics of the optimal policies for the integrated problem. We also evaluate the value of utilizing flexible capacity under different settings, which enable us to develop managerial insights. © 2008 The Author(s).en_US
dc.language.isoEnglishen_US
dc.source.titleOR Spectrumen_US
dc.relation.isversionofhttp://dx.doi.org/10.1007/s00291-008-0122-yen_US
dc.subjectCapacity managementen_US
dc.subjectFlexible capacityen_US
dc.subjectInventoryen_US
dc.subjectProductionen_US
dc.subjectStochastic modelsen_US
dc.titleAn integrated approach to inventory and flexible capacity management subject to fixed costs and non-stationary stochastic demanden_US
dc.typeArticleen_US
dc.departmentDepartment of Industrial Engineeringen_US
dc.citation.spage337en_US
dc.citation.epage360en_US
dc.citation.volumeNumber31en_US
dc.citation.issueNumber2en_US
dc.identifier.doi10.1007/s00291-008-0122-yen_US
dc.publisherSpringeren_US
dc.identifier.eissn1436-6304


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