Optimal design of batch-storage serial trains considering setup and inventory holding cost

준비비와 재고비를 고려한 직렬 비연속 공정과 중간 저장조의 최적설계

This article presents a new model which is called Periodic Square-Wave(PSW) to describe the material flow of the periodic processes involving intermediate buffer. The material flows incoming into and outgoing from the intermediate buffer are assumed to be periodic square shaped. PSW model gives the same result as that of Economic Production Quantity(EPQ) model for determining optimal lot size of single stage batch storage system. However, for batch storage serial train system, PSW model gives a different optimal solution of about 6 % reduced total cost. PSW model provides the more accurate information on inventory and production system than the classical approach by maintaining simplicity and increasing computational burden.