Investment in set-up time reduction with time-varying demand

Tai Yue Wang, Long Hui Chen

研究成果: Article同行評審

摘要

In this paper, a mathematical model is developed to investigate the economic effects of set-up time reduction. In this model, the concept of product life cycle and continuous demand are included, with the objective of minimizing the total relative cost while demand is variable over time. Also, budget constraints are added to describe the conditions of limited investment. Following the suggested procedure of deciding investment in set-up time reduction, a manager can conclude if set-up time reduction is economically feasible and allocate the investment optimally. Finally, an example about the declining market demand is provided to demonstrate the application of the model.

原文English
頁(從 - 到)745-753
頁數9
期刊Production Planning and Control
12
發行號8
DOIs
出版狀態Published - 2001 12月

All Science Journal Classification (ASJC) codes

  • 電腦科學應用
  • 策略與管理
  • 管理科學與經營研究
  • 工業與製造工程

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