THE EFFECT OF INFORMATION DELAYS IN A PRODUCTION CONTROL SYSTEM
- 1 January 1964
- journal article
- research article
- Published by Taylor & Francis in International Journal of Production Research
- Vol. 3 (3) , 167-175
- https://doi.org/10.1080/00207546408943056
Abstract
This paper gives the results of computations, for a chosen production control model, yielding the extra costs incurred when information about a change in mean demand level becomes available at some time relative to the time of the change. These extra costs are zero if the information is available from prehistoric times and increase monotomcally as the detection moment shifts to later points of time. Only “jumplike”changes of mean demand level are considered. It is found that the extra costs as a function of the detection moment N approach a linear asymptote for high N. The points of contact of these results with control chart theory, especially the optimization of control charts as a link between predictors and production control, are mentioned.Keywords
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