this study examines inventory management practices of flour milling manufacturing firms and their effects on operational performance. five flour milling manufacturing firms in lagos were used for this study. structured questionnaire was the major instrument for the collection of relevant primary data while descriptive statistics such as mean and standard deviation was deployed to analyzing the ...

This paper presents an activity-based cost model for printed wiring board (PWB) fabrication in which the process steps are defined by material processing activities. The model is designed to be used during system planning and tradeoff analysis prior to physical design. In many activity-based manufacturing cost models, activities are based on equipment and facilities (“equipment-centric”). In th...

We study the integrated logistics network design and inventory stocking problem as characterized by the interdependency of the design and stocking decisions in service parts logistics. These two sets of decisions have been usually considered sequentially in practice, and the associated problems have been tackled separately in the research literature. The overall problem is typically further com...

We study the integrated logistics network design and inventory stocking problem as characterized by the interdependency of the design and stocking decisions in service parts logistics. These two sets of decisions have been usually considered sequentially in practice, and the associated problems have been tackled separately in the research literature. The overall problem is typically further com...

Cost efficiency measures the cost of resource by output production. While conventional cost efficiency models set targets separately for each DMU, There are cases where the Central decision making is seeking the above targets, and at the same tries to obtain the target of Min cost efficiency for the total consumption. in this paper we consider that there is a centralized decision maker (DM). In...

inventory control is one of the most important issues in supply chain management. in this paper, a three-echelon production, distribution, inventory system composed of one producer, a set of wholesalers and retailers is considered. costumers' demands can be approximated by a normal distribution and the inventory policy is a kind of continuous review (r, q). in this paper, a model based on ...

Traditional inventory models focus on risk neutral decision makers, i.e., characterizing replenishment strategies that maximize expected total profit, or equivalently, minimize expected total cost over a planning horizon. In this paper, we propose a general framework for incorporating risk aversion in multi-period inventory models as well as multi-period models that coordinate inventory and pri...

Traditional inventory models focus on risk-neutral decision makers, i.e., characterizing replenishment strategies that maximize expected total profit, or equivalently, minimize expected total cost over a planning horizon. In this paper, we propose a framework for incorporating risk aversion in multi-period inventory models as well as multi-period models that coordinate inventory and pricing str...

Members of supply chain carry inventory for different purposes. To effectively reduce the cost of inventory, information sharing mechanism is the key. The inventory can be managed in two ways in supply chain systems. The first one is the centralized inventory management system, in which, the information of inventory is highly exchanged among supply chain members. The other is the decentralized ...

Inventory management is considered to be a very important area in Supply chain management. Efficient and effective management of inventory throughout the supply chain significantly improves the ultimate service provided to the customer. Hence, to ensure minimal cost for the supply chain, the determination of the inventory to be held at various levels in a supply chain is unavoidable. Minimizing...