The effect of yield variability on the decision to improve the performance of multistage production systems

The paper presents a modeling framework that assists management to allocate capital resources to improve the yield and the yield variability in a multistage production system. The results indicate that production stages with low yield and/or high yield variability receive more capital resources for...

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Bibliographic Details
Published in:Operations management research 2012-06, Vol.5 (1-2), p.3-13
Main Authors: Hadjinicola, George C., Soteriou, Andreas C.
Format: Article
Language:English
Subjects:
Business and Management
Defective products
Defects
Engineering Economics
Factories
Food packaging
High tech industries
Industrial and Production Engineering
Innovation/Technology Management
Logistics
Management
Manufacturing
Marketing
Mathematical models
Multistage
Operations Management
Operations research
Operations Research/Decision Theory
Organization
Performance enhancement
Production management
Production planning
Resource allocation
Resource management
Studies
Citations: Items that this one cites
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Description
Summary:The paper presents a modeling framework that assists management to allocate capital resources to improve the yield and the yield variability in a multistage production system. The results indicate that production stages with low yield and/or high yield variability receive more capital resources for improvement. The applicability of the model is demonstrated in a real-life manufacturing firm in the food-packing industry. The solution of the model provides directions of improving the stages of a multistage production system.
ISSN:1936-9735
1936-9743
DOI:10.1007/s12063-012-0061-2