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 |
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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 |
| _version_ | 1811291816293564416 |
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| author | Rihito IZUTSU Takaaki IMOTO Toyohiro UMEDA |
| author_facet | Rihito IZUTSU Takaaki IMOTO Toyohiro UMEDA |
| author_sort | Rihito IZUTSU |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-13T04:35:06Z |
| format | Article |
| id | doaj.art-6644d8ba08e943a1a681b2ccfd3168c7 |
| institution | Directory Open Access Journal |
| issn | 1881-3054 |
| language | English |
| last_indexed | 2024-04-13T04:35:06Z |
| publishDate | 2012-07-01 |
| publisher | The Japan Society of Mechanical Engineers |
| record_format | Article |
| series | Journal of Advanced Mechanical Design, Systems, and Manufacturing |
| spelling | doaj.art-6644d8ba08e943a1a681b2ccfd3168c72022-12-22T03:02:11ZengThe Japan Society of Mechanical EngineersJournal of Advanced Mechanical Design, Systems, and Manufacturing1881-30542012-07-016572874010.1299/jamdsm.6.728jamdsmA Study of the Proper Amount of Work-in-Process Inventory for Multipurpose Intermediate ProductsRihito IZUTSU0Takaaki IMOTO1Toyohiro UMEDA2Production Systems Research Laboratory Kobe Steel, Ltd.Production Systems Research Laboratory Kobe Steel, Ltd.Production Systems Research Laboratory Kobe Steel, Ltd.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.https://www.jstage.jst.go.jp/article/jamdsm/6/5/6_728/_pdf/-char/enwork-in-processinventory controlrestockingallocatingproduction planningmaterial processing |
| spellingShingle | Rihito IZUTSU Takaaki IMOTO Toyohiro UMEDA A Study of the Proper Amount of Work-in-Process Inventory for Multipurpose Intermediate Products Journal of Advanced Mechanical Design, Systems, and Manufacturing work-in-process inventory control restocking allocating production planning material processing |
| title | A Study of the Proper Amount of Work-in-Process Inventory for Multipurpose Intermediate Products |
| title_full | A Study of the Proper Amount of Work-in-Process Inventory for Multipurpose Intermediate Products |
| title_fullStr | A Study of the Proper Amount of Work-in-Process Inventory for Multipurpose Intermediate Products |
| title_full_unstemmed | A Study of the Proper Amount of Work-in-Process Inventory for Multipurpose Intermediate Products |
| title_short | A Study of the Proper Amount of Work-in-Process Inventory for Multipurpose Intermediate Products |
| title_sort | study of the proper amount of work in process inventory for multipurpose intermediate products |
| topic | work-in-process inventory control restocking allocating production planning material processing |
| url | https://www.jstage.jst.go.jp/article/jamdsm/6/5/6_728/_pdf/-char/en |
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