...Vedran Capkun; Ari‐Pekka Hameri; Lawrence A. Weiss Purpose The purpose of this paper is to study the relationship between inventory performance, both total inventory (INV) and its discrete components (raw material (RMI), work‐in‐process (WIP), and finished goods (FGI)), and financial performance...

... Group Publishing Limited 2006 Financial management Yield Inventory Hotel and catering industry Revenue management is a methodology for managing an inventory of perishable items, in order to maximize revenue earned from the sale of those items over some finite time horizon...

...Suresh Garg; Prem Vrat; Arun Kanda The demand variability in case of assembly line operations can be absorbed either by multi‐skilling of operators on the line, empowering them to handle a wider mix of work‐elements or by holding finished goods inventory. This paper examines trade‐offs between...

... for National Semiconductor and Laura Ashley (Nahmias, 1997). In addition, savings in safety stock due to consolidation of inventories, and rough measures for calculation, can be found, for example, in Tallon (1993) and Das and Tyagi (1998; 1999). In the case of centralisation of stocks, as in Figure 2...

...René Botter; Leonard Fortuin Service part inventories cannot be managed by standard inventory control methods, as conditions for applying the underlying models are not satisfied. Nevertheless, the basic questions of inventory control have to be answered: Which parts should be stocked? Where should...

...Dennis E. Blumenfeld; Carlos F. Daganzo; Michael C. Frick; David J.A. Gonsalvez Retailers receiving items from a manufacturer carry inventory to meet customer demand. As items are sold, a retailer orders new items to replenish the inventory. Once an order is placed, there is a time taken...

... stages of module production and system assembly. Critical system components are produced in the module production stage where high inventories were a major managerial concern. We studied CTEC’s module production system and proposed three modifications to reduce inventories and improve system performance...

...Timothy D. Fry; Daniel C. Steele; Brooke A. Saladin Introduces the concept of a manufacturing strategy based on a service orientation. Traditional manufacturing strategies have often been driven by cost minimization decisions and have encouraged the over‐reliance by managers on inventories...

...Pin‐Shou Ting; Kun‐Jen Chung Considers the inventory system using the assumptions that the demand rate is deterministic and follows a linear trend, that the rate of deterioration is constant and that shortages are allowed. Many researchers solve this inventory system from the heuristic point...

...M. Tawfik Mady Both inventory investments and structure in a sample of 44 manufacturing companies representing five industry groups in Egypt are investigated. The study reveals that the type of industry is a determinant factor of both the Inventory to total Assets Ratio (AIR) and the inventory...

... is that SPT despatching will frequently result in favourable inventory levels but unfavourable due date performance. Thus, the truncated SPT rules periodically switch from SPT despatching to despatching by some other rule. Owing to the complexity associated with these truncated rules,their implementation...

...J.S. Dagpunar This paper shows how to obtain an optimal inventory management policy, subject to an investment constraint, when different items are ordered from the same supplier. It is shown that the optimal policy for this constrained problem may be obtained directly from the solution...

... system is found to provide better results throughput. Under heavier loading conditions, it is also able to maintain a lower in‐process inventory. Another significant finding is the influence of the scheduling rule. The first‐come‐first‐served (FCFS) rule results in poor process utilisation because of its...

...Yu Yi; Mark Gershon The problems encountered when attempting to incorporate modern systems for inventory and materials management into a rapidly developing country are discussed. Specifically, the case of present‐day China is used as the focus of the study. After reviewing some historical...

...L.C. Lee; K.H.W. Seah There is considerable interest in the Just‐in‐Time production method and the potential benefits that can be realised, particularly in a reduction in the work‐in‐progress inventory. The article reviews some of the salient prerequisites necessary for successful implementation...

...Yasemin Aksoy; S. Selcuk Erenguc In a multi‐item environment with a joint set‐up cost structure considerable savings may be realised by co‐ordinating the replenishments. This article presents a unified survey of the inventory control literature designed to capture the models that fit in this frame...