optimization

Optimizing inventory management

Inventory, Overview, Supply chain / /

Does your company frequently fail to meet customer demand despite high inventory costs, and you wonder if you could do better? If your company lacks a well-designed decision-making process, the answer is “yes, you can certainly do better”! Inventory management is complex due to many interdependencies. Therefore, analytic models outperform gut feeling and rules-of-thumb in […]

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Excellent job shop scheduling does not require fancy tools

Mathematical optimization, Production / /

This post is about job shop scheduling (production scheduling in job shops). Job shops are factories that process jobs that require processing at multiple workstations, where the subset and order of workstations vary between jobs. The principle is illustrated in the figure below. Examples are the manufacturing of customized products like computer servers to customer

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