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A MODEL FOR INTEGRATED PROCUREMENT-PRODUCTION SYSTEMS

DSpace at IIT Bombay

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Title A MODEL FOR INTEGRATED PROCUREMENT-PRODUCTION SYSTEMS
 
Creator GOYAL, SK
DESHMUKH, SG
BABU, AS
 
Subject lot size determination
assembly systems
inventory model
single product
policies
deterministic
heuristic
multistage production systems
 
Description In this paper, a multistage, single-product serial batch-production system is considered in which the demand is deterministic and cost factors, viz. inventory carrying, ordering, set-up, etc., are known. The objective is to minimize the total variable cost. A model is suggested which combines the purchasing policy of the raw materials and the production policy of the finished product. An experimental procedure is carried out to compare the model against a benchmark providing a lower bound for the total variable cost. The model is also compared with an instantaneous production-rate case. The results suggest that the model offers an interesting scope for heuristic procedures. The possible application domain of the model is also discussed.
 
Publisher STOCKTON PRESS
 
Date 2011-08-30T14:53:46Z
2011-12-26T12:59:00Z
2011-12-27T05:49:50Z
2011-08-30T14:53:46Z
2011-12-26T12:59:00Z
2011-12-27T05:49:50Z
1990
 
Type Article
 
Identifier JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY, 41(11), 1029-1035
0160-5682
http://dx.doi.org/10.1038/sj/jors/0411104
http://dspace.library.iitb.ac.in/xmlui/handle/10054/12358
http://hdl.handle.net/10054/12358
 
Language en