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Published in:
2003 | OriginalPaper | Chapter
Production Planning for Short Life-Cycle Products in Consideration of Clearance Sale
Author : H. Ishikura
Published in: Analysis and Modeling of Manufacturing Systems
Publisher: Springer US
Included in: Professional Book Archive
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A method that reduces economical risks in product planning for short life-products is proposed in this paper. In this method, it is assumed that production is decided before sales and at the end of the selling period, the products are sold at clearance prices and the optimum production level is calculated using the knowledge of experts. The effectiveness and convenience of the method is described with a numerical example.