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dc.contributor.authorSánchez Granados, Ana María
dc.contributor.authorCorominas Subias, Albert
dc.contributor.authorPastor Moreno, Rafael
dc.identifier.citationSánchez Granados, Ana Mª; Corominas Subias, Albert; Pastor, Rafael. Optimal priority ordering in PHP production of multiple part-types in a failure-prone machine. "Journal of Industrial Engineering and Management", 2009, vol. 2, núm. 3, p. 418-436.
dc.description.abstractThis note deals with the problem of minimising the expected sum of quadratic holding and shortage inventory costs when a single, failure-prone machine produces multiple part-types. Shu and Perkins (2001) introduce the problem and, by restricting the set of control policies to the class of prioritised hedging point (PHP) policies, establish simple, analytical expressions for the optimal hedging points provided that the priority ordering of the part-types is given. However, the determination of an optimal priority ordering is left by the authors as an open question. This leaves an embedded sequencing problem which we focus on in this note. We define a lower bound for the problem, introduce a test bed for future developments, and propose three dynamic programming approaches (with or without the lower bound) for determining the optimal priority orderings for the instances of the test bed. This is an initial step in a research project aimed at solving the optimal priority ordering problem, which will allow evaluating the performance of future heuristic and metaheuristic procedures.
dc.format.extent19 p.
dc.publisherSchool of Industrial and Aeronautic Engineering of Terrassa (ETSEIAT). Universitat Politècnica de Catalunya (UPC)
dc.rightsAttribution-NonCommercial 3.0 Spain
dc.subjectÀrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacions
dc.subject.lcshProduction control
dc.subject.otherCumulative resources
dc.subject.otherFailure-prone machines
dc.subject.otherPrioritised hedging point control
dc.titleOptimal priority ordering in PHP production of multiple part-types in a failure-prone machine
dc.subject.lemacProducció -- Control -- Automatització
dc.description.peerreviewedPeer Reviewed
dc.rights.accessOpen Access
local.citation.authorSánchez Granados, Ana Mª; Corominas Subias, Albert; Pastor, Rafael
local.citation.publicationNameJournal of Industrial Engineering and Management

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