Dynamic analysis of hybrid Make-To-Stock/Make-To-Order production systems
Publish place: International Conference on Technology and Innovation in Science, Engineering and Technology
Publish Year: 1398
نوع سند: مقاله کنفرانسی
زبان: English
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شناسه ملی سند علمی:
TIET02_027
تاریخ نمایه سازی: 24 شهریور 1398
Abstract:
Hybrid Make-To-Stock (MTS)/Make-To-Order (MTO) production system takes advantages of both pure MTS and MTO systems and therefore, is regarded as a valuable production system in order to respond today’s market conditions such as demand uncertainty, shortage of raw materials, and high inventory holding costs. The aim of this study is to investigate such systems through covering most of the influential factors that have not been taken into account so far. Hence, a system dynamics (SD) model is proposed in this study considering three different series of workstations (MTS, MTO, and MTS/MTO) in a manufacturing firm with a continuous production line. Moreover, this study considers the impacts of some significant, exogenous variables such as different outlays including operating expenses, holding costs, and the company’s net profit. The sensitivity analysis of the proposed model and the outputs ensures the rectitude of the defied SD model and its logical behavior against critical decision-making situations.
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Authors
Moeen Sammak Jalali
PhD Candidate-Eminent student, Department of Industrial Engineering & Management Systems, Amirkabir University of Technology- Tehran Polytechnic, Tehran, Iran
S. M. T. Fatemi Ghomi
Full Professor, Department of Industrial Engineering & Management Systems, Amirkabir University of Technology- Tehran Polytechnic, Tehran, Iran
Masoud Rabbani
Full Professor, School of Industrial Engineering, College of Engineering, University of Tehran, Tehran, Iran