Single-site strategic capacity planning considering renewal, maintenance, inventory, taxes and cash flow management

This paper deals with strategic capacity planning of a single-site manufacturing system. We propose a MILP model that includes relevant business aspects and possibilities, some of which are only partially or not at all found in the literature. Specifically, we consider decisions on expansion, reduct...

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Authors: Benedito Benet, Ernest|||0000-0001-8080-4356, Corominas Subias, Albert|||0000-0002-4795-7761, Martínez Costa, Carme|||0000-0002-4175-8577, Mas Machuca, Marta
Format: article
Publication Date:2016
Country:España
Institution:Universitat Politècnica de Catalunya (UPC)
Repository:UPCommons. Portal del coneixement obert de la UPC
Language:English
OAI Identifier:oai:upcommons.upc.edu:2117/89596
Online Access:https://hdl.handle.net/2117/89596
https://dx.doi.org/10.1057/jors.2015.110
Access Level:Open access
Keyword:Strategic capacity planning manufacturing mathematical programming models
Indústries -- Planificació
Organització del treball
Programació (Matemàtica)
Àrees temàtiques de la UPC::Economia i organització d'empreses
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repository_id_str
spelling Single-site strategic capacity planning considering renewal, maintenance, inventory, taxes and cash flow managementBenedito Benet, Ernest|||0000-0001-8080-4356Corominas Subias, Albert|||0000-0002-4795-7761Martínez Costa, Carme|||0000-0002-4175-8577Mas Machuca, MartaStrategic capacity planning manufacturing mathematical programming modelsIndústries -- PlanificacióOrganització del treballProgramació (Matemàtica)Àrees temàtiques de la UPC::Economia i organització d'empresesThis paper deals with strategic capacity planning of a single-site manufacturing system. We propose a MILP model that includes relevant business aspects and possibilities, some of which are only partially or not at all found in the literature. Specifically, we consider decisions on expansion, reduction and renewal of production capacity, and acquisition of storage capacity. In addition, we model aspects such as (a) maintenance costs and unit variable costs depending, respectively, on age and characteristics of facilities, (b) seasonality of the demand and (c) cash flow management, including taxes and, therefore, depreciation of assets. The model maximises the after-tax cash balance at the end of the planning horizon. We also present a computational experiment with 54 instances to show that the model can be solved for a wide range of sizes in a reasonable computing time using comercial software.Peer Reviewed20162016-07-0120162016-09-06journal articlehttp://purl.org/coar/resource_type/c_6501AMhttp://purl.org/coar/version/c_ab4af688f83e57aainfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/2117/89596https://dx.doi.org/10.1057/jors.2015.110reponame:UPCommons. Portal del coneixement obert de la UPCinstname:Universitat Politècnica de Catalunya (UPC)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2http://creativecommons.org/licenses/by-nc-nd/3.0/es/info:eu-repo/semantics/openAccessoai:upcommons.upc.edu:2117/895962026-05-27T15:37:01Z
dc.title.none.fl_str_mv Single-site strategic capacity planning considering renewal, maintenance, inventory, taxes and cash flow management
title Single-site strategic capacity planning considering renewal, maintenance, inventory, taxes and cash flow management
spellingShingle Single-site strategic capacity planning considering renewal, maintenance, inventory, taxes and cash flow management
Benedito Benet, Ernest|||0000-0001-8080-4356
Strategic capacity planning manufacturing mathematical programming models
Indústries -- Planificació
Organització del treball
Programació (Matemàtica)
Àrees temàtiques de la UPC::Economia i organització d'empreses
title_short Single-site strategic capacity planning considering renewal, maintenance, inventory, taxes and cash flow management
title_full Single-site strategic capacity planning considering renewal, maintenance, inventory, taxes and cash flow management
title_fullStr Single-site strategic capacity planning considering renewal, maintenance, inventory, taxes and cash flow management
title_full_unstemmed Single-site strategic capacity planning considering renewal, maintenance, inventory, taxes and cash flow management
title_sort Single-site strategic capacity planning considering renewal, maintenance, inventory, taxes and cash flow management
dc.creator.none.fl_str_mv Benedito Benet, Ernest|||0000-0001-8080-4356
Corominas Subias, Albert|||0000-0002-4795-7761
Martínez Costa, Carme|||0000-0002-4175-8577
Mas Machuca, Marta
author Benedito Benet, Ernest|||0000-0001-8080-4356
author_facet Benedito Benet, Ernest|||0000-0001-8080-4356
Corominas Subias, Albert|||0000-0002-4795-7761
Martínez Costa, Carme|||0000-0002-4175-8577
Mas Machuca, Marta
author_role author
author2 Corominas Subias, Albert|||0000-0002-4795-7761
Martínez Costa, Carme|||0000-0002-4175-8577
Mas Machuca, Marta
author2_role author
author
author
dc.subject.none.fl_str_mv Strategic capacity planning manufacturing mathematical programming models
Indústries -- Planificació
Organització del treball
Programació (Matemàtica)
Àrees temàtiques de la UPC::Economia i organització d'empreses
topic Strategic capacity planning manufacturing mathematical programming models
Indústries -- Planificació
Organització del treball
Programació (Matemàtica)
Àrees temàtiques de la UPC::Economia i organització d'empreses
description This paper deals with strategic capacity planning of a single-site manufacturing system. We propose a MILP model that includes relevant business aspects and possibilities, some of which are only partially or not at all found in the literature. Specifically, we consider decisions on expansion, reduction and renewal of production capacity, and acquisition of storage capacity. In addition, we model aspects such as (a) maintenance costs and unit variable costs depending, respectively, on age and characteristics of facilities, (b) seasonality of the demand and (c) cash flow management, including taxes and, therefore, depreciation of assets. The model maximises the after-tax cash balance at the end of the planning horizon. We also present a computational experiment with 54 instances to show that the model can be solved for a wide range of sizes in a reasonable computing time using comercial software.
publishDate 2016
dc.date.none.fl_str_mv 2016
2016-07-01
2016
2016-09-06
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
AM
http://purl.org/coar/version/c_ab4af688f83e57aa
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/2117/89596
https://dx.doi.org/10.1057/jors.2015.110
url https://hdl.handle.net/2117/89596
https://dx.doi.org/10.1057/jors.2015.110
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2

http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2

http://creativecommons.org/licenses/by-nc-nd/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:UPCommons. Portal del coneixement obert de la UPC
instname:Universitat Politècnica de Catalunya (UPC)
instname_str Universitat Politècnica de Catalunya (UPC)
reponame_str UPCommons. Portal del coneixement obert de la UPC
collection UPCommons. Portal del coneixement obert de la UPC
repository.name.fl_str_mv
repository.mail.fl_str_mv
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