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Production Planning for Short Life-Cycle Products in Consideration of Clearance Sale

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Analysis and Modeling of Manufacturing Systems

Part of the book series: International Series in Operations Research & Management Science ((ISOR,volume 60))

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Abstract

A method that reduces economical risks in product planning for short life-products is proposed in this paper. In this method, it is assumed that production is decided before sales and at the end of the selling period, the products are sold at clearance prices and the optimum production level is calculated using the knowledge of experts. The effectiveness and convenience of the method is described with a numerical example.

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References

  • F.W.Ciarallo and R.Akella (1993) Planning Production of Multiple Items with Uncertain Capacity and Uncertain Demand, Working paper, University of Arizona.

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  • F.W.Ciarallo, R.Akella, and T.E.Morton (1994) A Periodic review, Production Planning Model with Uncertain Capacity and Uncertain Demand — Optimality of Extended Myopic Policies, Management Science 40(3).

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  • H. Ishikura (1994) Study on Production Planning of Apparel Products: Determining Optimal Production Times Quantities, Computers ind. Engng. Vol.27, Nos 1–4.

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  • H. Markowitz (1959) Portfolio Selection: Efficient Diversification of Investments, John Wiley

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Author information

Authors and Affiliations

  1. Faculty of Corporate Intelligence, Osaka Gakuin University, Japan

    H. Ishikura

Authors
  1. H. Ishikura
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Editor information

Editors and Affiliations

  1. Massachusetts Institute of Technology, Cambridge, MA, USA

    Stanley B. Gershwin

  2. École Centrale Paris, Chatenay-Malabry, France

    Yves Dallery

  3. University of the Aegean, Chios Island, Greece

    Chrissoleon T. Papadopoulos

  4. University of Massachusetts at Amherst, Amherst, MA, USA

    J. MacGregor Smith

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© 2003 Springer Science+Business Media New York

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Ishikura, H. (2003). Production Planning for Short Life-Cycle Products in Consideration of Clearance Sale. In: Gershwin, S.B., Dallery, Y., Papadopoulos, C.T., Smith, J.M. (eds) Analysis and Modeling of Manufacturing Systems. International Series in Operations Research & Management Science, vol 60. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-1019-2_6

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  • DOI: https://doi.org/10.1007/978-1-4615-1019-2_6

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-5354-6

  • Online ISBN: 978-1-4615-1019-2

  • eBook Packages: Springer Book Archive

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