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Multi-Stage Multi-Product Production and Inventory Planning for Cold Rolling under Random Yield
2022
Mathematics
This paper studies a multi-stage multi-product production and inventory planning problem with random yield derived from the cold rolling process in the steel industry. The cold rolling process has multiple stages, and intermediate inventory buffers are kept between stages to ensure continuous operation. Switching products during the cold rolling process is typically very costly. Backorder costs are incurred for unsatisfied demand while inventory holding costs are incurred for excess inventory.
doi:10.3390/math10040597
fatcat:upn6updwbjbn5amaerlr4rccgu