2013
EMSS 2013 Proceeding
Production capacity and investment policy for a manufacturing company using simulation and integer programming
Authors: Jorge Andrés García-Hernández
Abstract
In this paper we constructed a simulation model to determine production capacity in a manufacturing company. The main objective was to define a range of expected production for a particular footwear model. This information was necessary to ensure that the factory was able to meet the new costumers demand prior to set an agreement with bigger orders. The results confirmed that the factory did have sufficient capacity for these new orders; nonetheless the time dedicated to produce other orders was quite narrow. We also detected the need for increasing production capacity; therefore an integer program was constructed in order to explore two goals 1) Maximize production given a fixed investment budget, and 2) Minimize the investment cost to obtain a certain production. The results of the integer program were tested in the simulation model to obtain new production capacity.
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