Trading off inventory, capacity and customer service in semi-process industries: A case study at SEPPIC KU Leuven
This article presents a straightforward production/inventory model that can capture the trade-offs among average inventory, production capacity and customer service levels in a semi-process industry setting. The model is based on well-known approximations from queuing literature, and it supports midterm planning procedures at SEPPIC, a large specialty chemicals company. Different features are specific to a semi-process setting, such as ...