Document Type
Article
Publication Date
2018
DOI
10.1016/j.promfg.2018.10.134
Publication Title
Procedia Manufacturing
Volume
17
Pages
827-834
Conference Name
28th International Conference on Flexible Automation and Intelligent Manufacturing (FAIM2018), June 11-14, 2018, Columbus, OH, USA
Abstract
The one-dimensional cutting stock problem describes the problem of cutting standard length stock material into various specified sizes while minimizing the material wasted (the remnant or drop as manufacturing terms). This computationally complex optimization problem has many manufacturing applications. One-dimensional cutting stock problems arise in many domains such as metal, paper, textile, and wood. To solve it, the problem is formulated as an integer linear model first, and then solved using a common optimizer software. This paper revisits the stochastic version of the problem and proposes a priority-based goal programming approach. Monte Carlo simulation is used to simulate several likely inventory order policies to minimize the total number of shortages, overages, and the number of stocks carried in inventory.
Original Publication Citation
Sarper, H., & Jaksic, N. I. (2018). Evaluation of procurement scenarios in one-dimensional cutting stock problem with a random demand mix. Procedia Manufacturing, 17, 827-834. doi:10.1016/j.promfg.2018.10.134
Repository Citation
Sarper, Hüseyin and Jaksic, Nebojsa I., "Evaluation of Procurement Scenarios in One-Dimensional Cutting Stock Problem with a Random Demand Mix" (2018). Electrical & Computer Engineering Faculty Publications. 206.
https://digitalcommons.odu.edu/ece_fac_pubs/206
ORCID
0000-0002-8109-0575 (Sarper)
Included in
Engineering Science and Materials Commons, Operations and Supply Chain Management Commons
Comments
Published under an Attribution-Noncommercial-NoDerivatives 4.0 International Creative Commons License.