Aggregate Production Planning For A Pump Manufacturing Company: Level Strategy

Anand Jayakumar, Aravinth Kumar
International Research Journal of Engineering and Technology (IRJET)   unpublished
We discuss a mathematical model to make choices in decision making in the aggregate production planning of the pump manufacturing company. The MILP formulation is based on industrial production. The aim is to help the production managers in selecting the methods used to produce pumps and the final inventory strategy. A case study about a pump manufacturing company is presented here. Under level strategy, the objective is to maintain a stable workforce, avoiding frequent hiring/firing/layoffs.
more » ... g/firing/layoffs. Here production is not synchronized with demand and inventories are built up during low demand periods for use during high demand periods. We use Python program to optimize the problem.