... Management philosophy Organizational performance Management accounting Inventory control Production control Theories that are learned and not practiced evaporate quickly (Afuah, 1998). During the last two decades, manufacturers and other businesses have witnessed the development of a wide...

... chain each “player” is responsible for his/her own inventory control and production or distribution ordering activities. One fundamental characteristic and problem that all players in a traditional supply chain (such as retailers, distributors, manufacturers, raw material suppliers) must solve is “just...

... and Whitin (1963) conclude that if the demand pattern is reasonably constant and the resources of money, time and manpower are available, the best performing models would usually be continuous review models using EOQ. A survey of historical inventory control methodologies can also be found in Whitin (1954...

... quantity, the number of shipments and safety stock, which minimize the joint total cost of the vendor and purchaser and ensure the required level of supply. Analyzes the savings provided by this method and the sensitivity of the models, in detail. © MCB UP Limited 1998 Inventory control Just...

.... © MCB UP Limited 1998 Classification Inventory control Logistics Purchasing Research Liberalization of economies and the lowering of trade barriers are ushering international operations into an era of unprecedented growth. Consequently, there has been a dramatic increase...

... ]; they present a simulation study of a comparable environment, i.e. a computer industry. For Schrady’s model, the major input data required are: © MCB UP Limited 1996 Case studies Inventory control Personal computers Servicing Spare parts The production process in many consumer...

... an optimal solution to a single‐item, fixed‐horizon, time‐varying demand problem with concave costs, in which backlogging of demand is not allowed. Surprisingly, a 1974 survey by the American Production and Inventory Control Society[ 3 ] found no respondents using it, apparently preferring to sacrifice...

... is down to 228 units), and the expected number short on each order is g(z) × s₁ = 0.32 × 18 = 5.76 ≈ 6. © MCB UP Limited 1996 Inventory control Lot size Stochastic modelling Stockout Calculation of safety stock is usually made[ 1 , 2 ] as a function...

...Jan Olhager Safety stocks can be introduced in different ways in production and inventory control systems. The three basic types are physical safety stock, safety lead time, and hedging. Departing from the formula for calculating the number of kanbans, it is shown that all three approaches...

... example of the model applied to an actual manufacturing system of an automobile parts manufacturer in order to verify the effectiveness of the solution procedure and to clarify the applicability of the modelling approach. © MCB UP Limited 1995 Computer programming Inventory control Just...

...) Equation (3) (Continued) Co‐operation Integration Inventory control Just‐in‐time A major focus of the just‐in‐time (JIT) manufacturing system is to improve product quality and productivity through the elimination of waste from all operations. Waste may be eliminated by facilitating...

... and resource flexibility are the primary focus of the JIT approach to line design. © MCB UP Limited 1995 Assembly line balancing Inventory control Just‐in‐time Line management Modelling Operations management Production management Simulation Many authors believe that the primary...

... Inventory control Lead times Product management Time management In an increasingly intense competitive environment, the effective deployment of organizational resources is of paramount importance. Central to developing competitive strategies is the notion of comparative advantage. A strategic...

... the research in production and inventory control in each of the extreme types. Identifies a control framework for operations management in process/flow businesses. Notes that although detailed scheduling approaches for batch/mix businesses exist, a control framework for the latter is missing. Concludes...

... policy. © MCB UP Limited 1994 Costs Inventory control Maintenance Ordering systems Replacement Simulation Spare parts Age‐based preventive replacement policy in which a stochastically failing item is replaced on reaching a specified age, or on failure,whichever occurs first...

... deviate from the norms even if the environmental variables have not changed significantly. When this occurs, the causes of an inventory system′s malfunction or deviation can usually be attributed to operations‐related causes. © MCB UP Limited 1994 Control charts Inventory control Inventory...

... Inventory control Quantitative methods IJOPM 13,11 On the Constrained Multi-item Single-period Inventory Problem 104 M. Ben-Daya and Abdul Raouf Received November 1992 Accepted March 1993 King Fahd University of Petroleum and Minerals, Dhahran, Saudi Arabia Introduction Inventory is essential...

..., in addition,they cannot take into account the wide variety of cost and other factors that influence inventory control decisions. Presents an alternative method for identifying economic batch quantities that uses genetic algorithms (GA) based on the underlying mathematical processes that control...

... Customer service Inventory control Manufacturing industry IJOPM 13,10 The Effect of Capacity Limitations on Safety Stock John Mapes Cranfield School of Management, UK 26 Although one of the objectives of most manufacturing systems is to operate at as close to full capacity utilization as possible...

...Fariborz Y. Partovi; Jonathan Burton Presents a multicriteria approach to the ABC classification problem in inventory control. The proposed method, based on Saaty′s Analytic Hierarchy Process, rates items on both qualitative and quantitative criteria. Demonstrates the model through an example...