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Production control with backlog-dependent demand

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dc.contributor.coauthorGershwin, Stanley B.
dc.contributor.coauthorVeatch, Michael H.
dc.contributor.departmentDepartment of Business Administration
dc.contributor.kuauthorTan, Barış
dc.contributor.kuprofileFaculty Member
dc.contributor.otherDepartment of Business Administration
dc.contributor.schoolcollegeinstituteCollege of Administrative Sciences and Economics
dc.contributor.yokid28600
dc.date.accessioned2024-11-09T12:41:57Z
dc.date.issued2009
dc.description.abstractA manufacturing firm that builds a product to stock to meet a random demand is studied. Production time is deterministic, so that if there is a backlog, customers are quoted a lead time that is proportional to the backlog. In order to represent the customers' response to waiting, a defection functionthe fraction of customers who choose not to order as a function of the quoted lead timeis introduced. Unlike models with backorder costs, the defection function is related to customer behavior. Using a continuous flow control model with linear holding cost and Markov modulated demand, it is shown that the optimal production policy has a hedging point form. The performance of the system under this policy is evaluated, allowing the optimal hedging point to be found.
dc.description.fulltextYES
dc.description.indexedbyWoS
dc.description.indexedbyScopus
dc.description.issue6
dc.description.openaccessYES
dc.description.publisherscopeInternational
dc.description.sponsoredbyTubitakEuTÜBİTAK
dc.description.sponsorshipNational Science Foundation
dc.description.sponsorshipLean Aircraft Initiative
dc.description.sponsorshipXerox Foundation
dc.description.sponsorshipSingapore-MIT Alliance
dc.description.sponsorshipScientific and Technological Research Council of Turkey (TÜBİTAK)
dc.description.sponsorshipTurkish Academy of Sciences (TÜBA)
dc.description.versionAuthor's final manuscript
dc.description.volume41
dc.formatpdf
dc.identifier.doi10.1080/07408170801975040
dc.identifier.eissn2472-5862
dc.identifier.embargoNO
dc.identifier.filenameinventorynoIR01092
dc.identifier.issn2472-5854
dc.identifier.linkhttps://doi.org/10.1080/07408170801975040
dc.identifier.quartileQ1
dc.identifier.scopus2-s2.0-74849132554
dc.identifier.urihttps://hdl.handle.net/20.500.14288/2282
dc.identifier.wos264641400003
dc.keywordsProduction control
dc.keywordsBacklog-dependent demand
dc.keywordsOptimal flow control
dc.keywordsHedging point policy
dc.keywordsProduction systems
dc.keywordsCustomer defection
dc.keywordsManufacturing systems analysis
dc.keywordsStochastic control
dc.keywordsInventory control
dc.languageEnglish
dc.publisherTaylor _ Francis
dc.relation.grantnoDMI-9713500
dc.relation.urihttp://cdm21054.contentdm.oclc.org/cdm/ref/collection/IR/id/1431
dc.sourceIIE Transactions
dc.subjectEngineering
dc.subjectOperations research and management science
dc.titleProduction control with backlog-dependent demand
dc.typeJournal Article
dspace.entity.typePublication
local.contributor.authorid0000-0002-2584-1020
local.contributor.kuauthorTan, Barış
relation.isOrgUnitOfPublicationca286af4-45fd-463c-a264-5b47d5caf520
relation.isOrgUnitOfPublication.latestForDiscoveryca286af4-45fd-463c-a264-5b47d5caf520

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