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...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
The Japan Society of Mechanical Engineers
2012-07-01
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| 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 |
| Summary: | 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 accepting order to shipping is extended because demand variation and equipment failure cannot be absorbed. In this report we explain a simulation model is explained and results are shown for comparing complementary amount of intermediate products by computing the flow from allocat-ing intermediate products to orders to shipping. |
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| ISSN: | 1881-3054 |