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Title: A make-to-stock system with multiple customer classes and batch ordering
Authors: Huang, B. 
Iravani, S.M.R.
Issue Date: Sep-2008
Citation: Huang, B., Iravani, S.M.R. (2008-09). A make-to-stock system with multiple customer classes and batch ordering. Operations Research 56 (5) : 1312-1320. ScholarBank@NUS Repository.
Abstract: This paper examines the impact of customer order sizes on a make-to-stock system with multiple demand classes. We first characterize the manufacturer's optimal production and rationing policies when the demand is nonunitary and lost if unsatisfied. We also investigate the optimal policies of a backorder system with two demand classes and fixed order sizes. Through a numerical study, we show the effects of batch orders on the manufacturer's inventory cost as well as on the benefit of optimal stock rationing. It is shown that batch ordering may reduce the manufacturer's overall cost if carefully introduced in a first-come-first-served (FCFS) system. With the same effective demand rates, the customers' order sizes also have a strong impact on the benefit of optimal stock rationing. © 2008 INFORMS.
Source Title: Operations Research
ISSN: 0030364X
DOI: 10.1287/opre.1080.0549
Appears in Collections:Staff Publications

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