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57198

Mathematical Models For Integrated Production Planning As Application in Inventory Control

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Last updated: 24 Dec 2024

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Abstract

In mechanical industry products are usually manufactured by assembling a large number of subromponents. The production and stocking of such components are often of much greater significance then the assembly and stocking of final products. The problem is set within a multicriteria framework, and the consequences of the tactical decisions are presented to the decision maker as goal outcomes. The methodology involves embedding relatively simple models within a larger and more comlex model. The large total model is a simulation model which uses the optimal decisions of the inventory model to determine the strategic concequences for each important criterion. The methodology was applied to an inventory system of a manufacturer of spare parts for cars. The results of that application are reported in some detail. Of particular interest is the comparison of two inventory models: the economic order quantity model and a stochastic inventory model. These two models are compared on the basis of their performance in producing desirable strategic consequences.

DOI

10.21608/amme.1986.57198

Authors

First Name

Farouk

Last Name

Rashed

MiddleName

Mohammed El. Said

Affiliation

Dr. Eng., Associate Professor, Production Engineering Dept., Faculty of Engineering & Technology, Helwan University Cairo.

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Volume

2

Article Issue

2nd Conference on Applied Mechanical Engineering.

Related Issue

8659

Issue Date

1986-05-01

Receive Date

2019-11-06

Publish Date

1986-05-01

Page Start

71

Page End

80

Print ISSN

2636-4352

Online ISSN

2636-4360

Link

https://amme.journals.ekb.eg/article_57198.html

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https://amme.journals.ekb.eg/service?article_code=57198

Order

55

Type

Original Article

Type Code

831

Publication Type

Journal

Publication Title

The International Conference on Applied Mechanics and Mechanical Engineering

Publication Link

https://amme.journals.ekb.eg/

MainTitle

Mathematical Models For Integrated Production Planning As Application in Inventory Control

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Article

Created At

22 Jan 2023