A Study of the Proper Amount of Work-in-Process Inventory for Multipurpose Intermediate Products

It is difficult to calculate the amount of inventory of intermediate products in a material processing factory which has complex multiple processes. If the amount is too great, inventory assets accumulate. On the other hand, if it is too small, tardiness in due-date is caused and the lead time from...

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Bibliographic Details
Main Authors: Rihito IZUTSU, Takaaki IMOTO, Toyohiro UMEDA
Format: Article
Language:English
Published: The Japan Society of Mechanical Engineers 2012-07-01
Series:Journal of Advanced Mechanical Design, Systems, and Manufacturing
Subjects:
Online Access:https://www.jstage.jst.go.jp/article/jamdsm/6/5/6_728/_pdf/-char/en