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Production And Inventory Management Under Multiple Resource Constraints, Kurt M. Bretthauer, Bala Shetty, Siddhartha Syam, Robert J. Vokurka

Management Faculty Research and Publications

In this paper we present a model and solution methodology for production and inventory management problems that involve multiple resource constraints. The model formulation is quite general, allowing organizations to handle a variety of multi-item decisions such as determining order quantities, production batch sizes, number of production runs, or cycle times. Resource constraints become necessary to handle interaction among the multiple items. Common types of resource constraints include limits on raw materials, machine capacity, workforce capacity, inventory investment, storage space, or the total number of orders placed. For example, in a production environment, there may be limited workforce capacity and …