System model of production inventory control
نویسندگان
چکیده
منابع مشابه
System model of production inventory control
The primary consequence of just-in-time (JIT) production is reduction of inventory. The associated benefit is (a) improved cashflow due to less financial resource tied up in inventory, and (b) less storage space required hence more productive plant area. Coupled with lean production and total quality management (TQM), it may also be possible to (c) improve worker productivity, (d) improve produ...
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A manufacturing facility consisting of two stations in tandem operates in a maketo-stock mode: after production, items are placed in a finished goods inventory that services an exogenous demand. Demand that cannot be met from inventory is backordered. Each station is modelled as a queue with controllable production rate, and the problem is to control these rates to minimize inventory holding an...
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ژورنال
عنوان ژورنال: International Journal of Manufacturing Technology and Management
سال: 2010
ISSN: 1368-2148,1741-5195
DOI: 10.1504/ijmtm.2010.032895