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dc.contributor.advisorTekin, Eylemen_US
dc.creatorKatariya, Abhilasha Prakashen_US
dc.date.accessioned2010-01-15T00:11:37Zen_US
dc.date.accessioned2010-01-16T01:10:20Z
dc.date.available2010-01-15T00:11:37Zen_US
dc.date.available2010-01-16T01:10:20Z
dc.date.created2008-08en_US
dc.date.issued2009-05-15en_US
dc.identifier.urihttp://hdl.handle.net/1969.1/ETD-TAMU-2985
dc.description.abstractIn this research, we consider production/inventory management decisions of a rmthat sells its product in two market segments during a nite planning horizon. In thebeginning of each period, the rm makes a decision on how much to produce basedon the production capacity and the current on-hand inventory available. After theproduction is made at the beginning of the period, the rm rst satises the stochasticdemand from customers in its primary market. Any primary market demand thatcannot be satised is lost. After satisfying the demand from the primary market, ifthere is still inventory on hand, all or part of the remaining products can be sold ina secondary market with ample demand at a lower price. Hence, the second decisionthat the rm makes in each period is how much to sell in the secondary market, orequivalently, how much inventory to carry to the next period.The objective is to maximize the expected net revenue during a nite planninghorizon by determining the optimal production quantity in each period, and theoptimal inventory amount to carry to the next period after the sales in primary andsecondary markets. We term the optimal inventory amount to be carried to the nextperiod as \economic retention quantity". We model this problem as a nite horizonstochastic dynamic program. Our focus is to characterize the structure of the optimalpolicy and to analyze the system under dierent parameter settings. Conditioning on given parameter set, we establish lower and upper bounds on the optimal policyparameters. Furthermore, we provide computational tools to determine the optimalpolicy parameters. Results of the numerical analysis are used to provide furtherinsights into the problem from a managerial perspective.en_US
dc.format.mediumelectronicen_US
dc.format.mimetypeapplication/pdfen_US
dc.language.isoen_USen_US
dc.subjectstochastic demanden_US
dc.subjectcapacity constraint systemen_US
dc.subjectproduction/inventory systemsen_US
dc.subjectdisposalen_US
dc.subjectorderingen_US
dc.titleJoint production and economic retention quantity decisions in capacitated production systems serving multiple market segmentsen_US
dc.typeBooken
dc.typeThesisen
thesis.degree.departmentIndustrial and Systems Engineeringen_US
thesis.degree.disciplineIndustrial Engineeringen_US
thesis.degree.grantorTexas A&M Universityen_US
thesis.degree.nameMaster of Scienceen_US
thesis.degree.levelMastersen_US
dc.contributor.committeeMemberDaripa, Prabiren_US
dc.contributor.committeeMemberWilhelm, Wilberten_US
dc.type.genreElectronic Thesisen_US
dc.type.materialtexten_US
dc.format.digitalOriginborn digitalen_US


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