Title :
Lead-time, capacity and pricing decisions for the production seat booking system
Author :
Li, Li ; Chen, Zhi-xiang
Author_Institution :
Int. Bus. Sch., Sun Yat-Sen Univ., Guangzhou, China
Abstract :
This research studies three important decision variables of the lead-time setting, capacity utilization, and pricing decision faced by a firm using the production seat booking system under build-to-order manufacturing environment. The system is modeled as an M/D/1 queue structure and optimization models are developed to determine these variables. The optimal decisions are then derived and their properties are investigated as model parameters change.
Keywords :
capacity planning (manufacturing); lead time reduction; optimisation; pricing; queueing theory; M/D/1 queue structure; build-to-order manufacturing environment; capacity decisions; capacity utilization; lead-time decisions; lead-time setting; optimization models; pricing decisions; production seat booking system; Atmospheric modeling; Lead; Capacity planning; Lead time strategy; Manufacturing and marketing integration; Production seat booking system;
Conference_Titel :
Industrial Engineering and Engineering Management (IE&EM), 2010 IEEE 17Th International Conference on
Conference_Location :
Xiamen
Print_ISBN :
978-1-4244-6483-8
DOI :
10.1109/ICIEEM.2010.5646506
