• DOI:10.1023/A:1014503725395
Corpus ID: 59469286

Base stock versus WIP cap in single-stage make-to-stock production–inventory systems

@article{Liberopoulos2002BaseSV,
  title={Base stock versus WIP cap in single-stage make-to-stock production–inventory systems},
  author={G. Liberopoulos and Y. Dallery},
  journal={IIE Transactions},
  year={2002},
  volume={34},
  pages={627-636}
}

• G. Liberopoulos, Y. Dallery
• Published 2002
• IIE Transactions

A single-stage production–inventory system produces parts in a make-to-stock mode, and unsatisfied demand is backordered. The system operates under a so-called base stock with WIP cap replenishment policy, which works as follows. Whenever the Work-In-Process (WIP) plus finished goods inventory falls below a specified level, called base stock, a replenishment order for the production of a new part is issued. If the WIP inventory is below a different specified level, called WIP cap, the order… Expand

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