Referenced Items are not available for this document.
This study is oriented to a general problem context for most manufacturers that produce products for uncertain market demands. Manufacturers usually have two alternative modes for the production: One is to outsource parts from outside suppliers and then assemble them, and the other is to in-house manufacture parts and then assemble them. Each mode has its relative merits. This paper studies how to balance the tradeoff between the two modes. We utilize the dynamic programming approach to investigate the optimal decision on the aforementioned two modes during each planning period.
Published in:
Systems, Man and Cybernetics, Part A: Systems and Humans, IEEE Transactions on
(Volume:42
,
Issue:
2
)
Date of Publication: March 2012
- Page(s):
- 497 - 502
- ISSN :
- 1083-4427
- INSPEC Accession Number:
- 12537463
- Digital Object Identifier :
- 10.1109/TSMCA.2011.2169951
- Product Type:
- Journals & Magazines
- Date of Publication :
- 24 October 2011
- Date of Current Version :
- 16 February 2012
- Issue Date :
- March 2012
- Sponsored by :
- IEEE Systems, Man, and Cybernetics Society
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