Optimal batch size and raw material ordering policy for a production system with a fixed-interval, lumpy demand delivery system
The paper develops an ordering policy for raw materials, to meet the demands of a production facility which supplies a fixed quantity of finished products to outside buyers, at a fixed interval of time. In this model, an optimal multi-order policy for procurement of raw materials for a single manufa...
Gespeichert in:
| Veröffentlicht in: | European journal of operational research 1996-03, Vol.89 (3), p.593-608 |
|---|---|
| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 608 |
|---|---|
| container_issue | 3 |
| container_start_page | 593 |
| container_title | European journal of operational research |
| container_volume | 89 |
| creator | Sarker, Bhaba R. Parija, Gyana R. |
| description | The paper develops an ordering policy for raw materials, to meet the demands of a production facility which supplies a fixed quantity of finished products to outside buyers, at a fixed interval of time. In this model, an optimal multi-order policy for procurement of raw materials for a single manufacturing batch is developed to minimize the total cost. An integer approximation is adopted to refine the optimal solution. A worst-case scenario is also analyzed to demonstrate the effect of the setup costs on the total cost of the inventory system. |
| doi_str_mv | 10.1016/0377-2217(94)00277-0 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_204129287</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><els_id>0377221794002770</els_id><sourcerecordid>9647521</sourcerecordid><originalsourceid>FETCH-LOGICAL-c398t-e88f7dcc8f9cbbad9add86e24cfbed6c575e4c14380069671024a382d5d297b23</originalsourceid><addsrcrecordid>eNp9UMtuFDEQtBCRWDb8AQeLE0gMsT0zflyQUMRTkXKBs-Wxe1iv5oXt3TC58Ov0slGOWCq37a4qt4qQl5y944zLK1YrVQnB1WvTvGFM4I09IRuulaikluwp2TxSnpHnOe8ZY7zl7Yb8uV1KHN1AO1f8juZ4D9RNgSZ3R0dXIEXszSngYfpJl3mIfqX9nKijS5rDwZc4TzSvucBI72LZYaOPvyFUcUL10Q1v6XAYl5UGGE_GAYZ4hLQ-aC7JRe-GDC8e6pb8-PTx-_WX6ub289frDzeVr40uFWjdq-C97o3vOheMC0FLEI3vOwjSt6qFxvOm1oxJIxVnonG1FqENwqhO1Fvy6uyLU_86QC52Px_ShF9awRoujNAKSc2Z5NOcc4LeLgnDSavlzJ6StqcY7SlGaxr7L2l82pJvZ1mCBfyjBnDt5wTZHm3ttMFtRXBjJJaIqBELojW1lUzbXRnR7P3ZDDCNY4Rks48weQgxgS82zPH_0_wFQ6Wgyg</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>204129287</pqid></control><display><type>article</type><title>Optimal batch size and raw material ordering policy for a production system with a fixed-interval, lumpy demand delivery system</title><source>RePEc</source><source>Access via ScienceDirect (Elsevier)</source><creator>Sarker, Bhaba R. ; Parija, Gyana R.</creator><creatorcontrib>Sarker, Bhaba R. ; Parija, Gyana R.</creatorcontrib><description>The paper develops an ordering policy for raw materials, to meet the demands of a production facility which supplies a fixed quantity of finished products to outside buyers, at a fixed interval of time. In this model, an optimal multi-order policy for procurement of raw materials for a single manufacturing batch is developed to minimize the total cost. An integer approximation is adopted to refine the optimal solution. A worst-case scenario is also analyzed to demonstrate the effect of the setup costs on the total cost of the inventory system.</description><identifier>ISSN: 0377-2217</identifier><identifier>EISSN: 1872-6860</identifier><identifier>DOI: 10.1016/0377-2217(94)00277-0</identifier><identifier>CODEN: EJORDT</identifier><language>eng</language><publisher>Amsterdam: Elsevier B.V</publisher><subject>Deliveries ; Economic manufacturing quantity ; Inventory control ; Lumpy demand ; Operations research ; Order quantity ; Production-delivery system ; Raw materials ; Studies ; Supply & demand</subject><ispartof>European journal of operational research, 1996-03, Vol.89 (3), p.593-608</ispartof><rights>1996</rights><rights>Copyright Elsevier Sequoia S.A. Mar 22, 1996</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c398t-e88f7dcc8f9cbbad9add86e24cfbed6c575e4c14380069671024a382d5d297b23</citedby><cites>FETCH-LOGICAL-c398t-e88f7dcc8f9cbbad9add86e24cfbed6c575e4c14380069671024a382d5d297b23</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://dx.doi.org/10.1016/0377-2217(94)00277-0$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,780,784,3550,4008,27924,27925,45995</link.rule.ids><backlink>$$Uhttp://econpapers.repec.org/article/eeeejores/v_3a89_3ay_3a1996_3ai_3a3_3ap_3a593-608.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>Sarker, Bhaba R.</creatorcontrib><creatorcontrib>Parija, Gyana R.</creatorcontrib><title>Optimal batch size and raw material ordering policy for a production system with a fixed-interval, lumpy demand delivery system</title><title>European journal of operational research</title><description>The paper develops an ordering policy for raw materials, to meet the demands of a production facility which supplies a fixed quantity of finished products to outside buyers, at a fixed interval of time. In this model, an optimal multi-order policy for procurement of raw materials for a single manufacturing batch is developed to minimize the total cost. An integer approximation is adopted to refine the optimal solution. A worst-case scenario is also analyzed to demonstrate the effect of the setup costs on the total cost of the inventory system.</description><subject>Deliveries</subject><subject>Economic manufacturing quantity</subject><subject>Inventory control</subject><subject>Lumpy demand</subject><subject>Operations research</subject><subject>Order quantity</subject><subject>Production-delivery system</subject><subject>Raw materials</subject><subject>Studies</subject><subject>Supply & demand</subject><issn>0377-2217</issn><issn>1872-6860</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1996</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><recordid>eNp9UMtuFDEQtBCRWDb8AQeLE0gMsT0zflyQUMRTkXKBs-Wxe1iv5oXt3TC58Ov0slGOWCq37a4qt4qQl5y944zLK1YrVQnB1WvTvGFM4I09IRuulaikluwp2TxSnpHnOe8ZY7zl7Yb8uV1KHN1AO1f8juZ4D9RNgSZ3R0dXIEXszSngYfpJl3mIfqX9nKijS5rDwZc4TzSvucBI72LZYaOPvyFUcUL10Q1v6XAYl5UGGE_GAYZ4hLQ-aC7JRe-GDC8e6pb8-PTx-_WX6ub289frDzeVr40uFWjdq-C97o3vOheMC0FLEI3vOwjSt6qFxvOm1oxJIxVnonG1FqENwqhO1Fvy6uyLU_86QC52Px_ShF9awRoujNAKSc2Z5NOcc4LeLgnDSavlzJ6StqcY7SlGaxr7L2l82pJvZ1mCBfyjBnDt5wTZHm3ttMFtRXBjJJaIqBELojW1lUzbXRnR7P3ZDDCNY4Rks48weQgxgS82zPH_0_wFQ6Wgyg</recordid><startdate>19960322</startdate><enddate>19960322</enddate><creator>Sarker, Bhaba R.</creator><creator>Parija, Gyana R.</creator><general>Elsevier B.V</general><general>Elsevier</general><general>Elsevier Sequoia S.A</general><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7SC</scope><scope>7TB</scope><scope>8FD</scope><scope>FR3</scope><scope>JQ2</scope><scope>L7M</scope><scope>L~C</scope><scope>L~D</scope></search><sort><creationdate>19960322</creationdate><title>Optimal batch size and raw material ordering policy for a production system with a fixed-interval, lumpy demand delivery system</title><author>Sarker, Bhaba R. ; Parija, Gyana R.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c398t-e88f7dcc8f9cbbad9add86e24cfbed6c575e4c14380069671024a382d5d297b23</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1996</creationdate><topic>Deliveries</topic><topic>Economic manufacturing quantity</topic><topic>Inventory control</topic><topic>Lumpy demand</topic><topic>Operations research</topic><topic>Order quantity</topic><topic>Production-delivery system</topic><topic>Raw materials</topic><topic>Studies</topic><topic>Supply & demand</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Sarker, Bhaba R.</creatorcontrib><creatorcontrib>Parija, Gyana R.</creatorcontrib><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>Computer and Information Systems Abstracts</collection><collection>Mechanical & Transportation Engineering Abstracts</collection><collection>Technology Research Database</collection><collection>Engineering Research Database</collection><collection>ProQuest Computer Science Collection</collection><collection>Advanced Technologies Database with Aerospace</collection><collection>Computer and Information Systems Abstracts Academic</collection><collection>Computer and Information Systems Abstracts Professional</collection><jtitle>European journal of operational research</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Sarker, Bhaba R.</au><au>Parija, Gyana R.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Optimal batch size and raw material ordering policy for a production system with a fixed-interval, lumpy demand delivery system</atitle><jtitle>European journal of operational research</jtitle><date>1996-03-22</date><risdate>1996</risdate><volume>89</volume><issue>3</issue><spage>593</spage><epage>608</epage><pages>593-608</pages><issn>0377-2217</issn><eissn>1872-6860</eissn><coden>EJORDT</coden><abstract>The paper develops an ordering policy for raw materials, to meet the demands of a production facility which supplies a fixed quantity of finished products to outside buyers, at a fixed interval of time. In this model, an optimal multi-order policy for procurement of raw materials for a single manufacturing batch is developed to minimize the total cost. An integer approximation is adopted to refine the optimal solution. A worst-case scenario is also analyzed to demonstrate the effect of the setup costs on the total cost of the inventory system.</abstract><cop>Amsterdam</cop><pub>Elsevier B.V</pub><doi>10.1016/0377-2217(94)00277-0</doi><tpages>16</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0377-2217 |
| ispartof | European journal of operational research, 1996-03, Vol.89 (3), p.593-608 |
| issn | 0377-2217 1872-6860 |
| language | eng |
| recordid | cdi_proquest_journals_204129287 |
| source | RePEc; Access via ScienceDirect (Elsevier) |
| subjects | Deliveries Economic manufacturing quantity Inventory control Lumpy demand Operations research Order quantity Production-delivery system Raw materials Studies Supply & demand |
| title | Optimal batch size and raw material ordering policy for a production system with a fixed-interval, lumpy demand delivery system |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-25T14%3A31%3A12IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Optimal%20batch%20size%20and%20raw%20material%20ordering%20policy%20for%20a%20production%20system%20with%20a%20fixed-interval,%20lumpy%20demand%20delivery%20system&rft.jtitle=European%20journal%20of%20operational%20research&rft.au=Sarker,%20Bhaba%20R.&rft.date=1996-03-22&rft.volume=89&rft.issue=3&rft.spage=593&rft.epage=608&rft.pages=593-608&rft.issn=0377-2217&rft.eissn=1872-6860&rft.coden=EJORDT&rft_id=info:doi/10.1016/0377-2217(94)00277-0&rft_dat=%3Cproquest_cross%3E9647521%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=204129287&rft_id=info:pmid/&rft_els_id=0377221794002770&rfr_iscdi=true |