Optimal Production and Inventory Control of Multi-Class Mixed Backorder and Lost Sales Demand Class Models

2020 ◽  
Author(s):  
Mohsen Elhafsi ◽  
Jianxin Fang ◽  
Essia Hamouda
1989 ◽  
Vol 5 (03) ◽  
pp. 188-199
Author(s):  
Paul C. Powell ◽  
Charles I. Zigelman

This paper describes how a formal manufacturing environment, as defined by the American Production and Inventory Control Society (APICS), compares with modern shipbuilding techniques. Formal manufacturing, through a product-based build strategy, provides a framework for integrating contract scheduling, design development, material purchasing, inventory control, production capacity planning, and production control. An understanding of formal manufacturing provides a foundation for understanding modern shipbuilding techniques.


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