Mathematical Models For Integrated Production Planning As Application in Inventory Control | ||
| The International Conference on Applied Mechanics and Mechanical Engineering | ||
| Article 55, Volume 2, 2nd Conference on Applied Mechanical Engineering., May 1986, Pages 71-80 PDF (1.89 M) | ||
| Document Type: Original Article | ||
| DOI: 10.21608/amme.1986.57198 | ||
| Author | ||
| Farouk Mohammed El. Said Rashed | ||
| Dr. Eng., Associate Professor, Production Engineering Dept., Faculty of Engineering & Technology, Helwan University Cairo. | ||
| 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. | ||
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