Inventory Management in Multi-Product Lean Manufacturing Environments
Author | : Josef Kunik |
Publisher | : LAP Lambert Academic Publishing |
Total Pages | : 104 |
Release | : 2014-02 |
ISBN-10 | : 3659524395 |
ISBN-13 | : 9783659524394 |
Rating | : 4/5 (95 Downloads) |
Book excerpt: The aim of this project is to analyse and compare the performances of inventory management policies in multi-product lean manufacturing environments. The creation of hybrid Kanban - CONWIP models is extremely popular in the field of operations research. This project undertakes the analysis of newly created BK-CONWIP D-KAP and BK-CONWIP S-KAP models against the HK-CONWIP model and tests the influence of the decoupling of demand signals and production authorization. The analysis of the models is done through both the built in algorithm of ExtendSim 8 and a multi-objective genetic algorithm. In order to ensure accuracy of the results, the performance of these algorithms is compared along with sensitivity analysis of the multi-objective genetic algorithm. The project also contains an ethics section on production simulation.