Transient Aspects of MRP Theory - Abridged
MRP theory concerns production-inventory systems, in which produced items are made up of sets of sub-items, either produced or purchased (imported into the system) and required to be available a lead-time before the product is completed. The hierarchical dependence of relations between items is capt...
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| Format: | Article |
| Language: | English |
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University North
2021-01-01
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| Series: | Tehnički Glasnik |
| Subjects: | |
| Online Access: | https://hrcak.srce.hr/file/375802 |
| _version_ | 1797207021669318656 |
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| author | Robert W. Grubbström |
| author_facet | Robert W. Grubbström |
| author_sort | Robert W. Grubbström |
| collection | DOAJ |
| description | MRP theory concerns production-inventory systems, in which produced items are made up of sets of sub-items, either produced or purchased (imported into the system) and required to be available a lead-time before the product is completed. The hierarchical dependence of relations between items is captured by the use of input matrices from Input-Output Analysis, the necessary advanced timing by applying the methodology of Laplace transforms, and the production-economic consequences by the net present value (NPV). This theory has been developed for about 40 years, but little attention has been given to transient aspects, i.e. when there happens to be an initial available inventory of items usable in future production. In this paper, we attempt to highlight the theoretical consequences from having a positive initial available inventory. |
| first_indexed | 2024-04-24T09:16:17Z |
| format | Article |
| id | doaj.art-adcc9e4470204055b5e4262988ed9d5d |
| institution | Directory Open Access Journal |
| issn | 1846-6168 1848-5588 |
| language | English |
| last_indexed | 2024-04-24T09:16:17Z |
| publishDate | 2021-01-01 |
| publisher | University North |
| record_format | Article |
| series | Tehnički Glasnik |
| spelling | doaj.art-adcc9e4470204055b5e4262988ed9d5d2024-04-15T16:58:42ZengUniversity NorthTehnički Glasnik1846-61681848-55882021-01-0115228729710.31803/tg-20210502115657Transient Aspects of MRP Theory - AbridgedRobert W. Grubbström0Linköping Institute of Technology, Olaus Magnus Väg, SE-58183 Linköping, SwedenMRP theory concerns production-inventory systems, in which produced items are made up of sets of sub-items, either produced or purchased (imported into the system) and required to be available a lead-time before the product is completed. The hierarchical dependence of relations between items is captured by the use of input matrices from Input-Output Analysis, the necessary advanced timing by applying the methodology of Laplace transforms, and the production-economic consequences by the net present value (NPV). This theory has been developed for about 40 years, but little attention has been given to transient aspects, i.e. when there happens to be an initial available inventory of items usable in future production. In this paper, we attempt to highlight the theoretical consequences from having a positive initial available inventory.https://hrcak.srce.hr/file/375802Laplace transform methodologyInput-Output AnalysisNPVProduction EconomicsMRP Theory |
| spellingShingle | Robert W. Grubbström Transient Aspects of MRP Theory - Abridged Tehnički Glasnik Laplace transform methodology Input-Output Analysis NPV Production Economics MRP Theory |
| title | Transient Aspects of MRP Theory - Abridged |
| title_full | Transient Aspects of MRP Theory - Abridged |
| title_fullStr | Transient Aspects of MRP Theory - Abridged |
| title_full_unstemmed | Transient Aspects of MRP Theory - Abridged |
| title_short | Transient Aspects of MRP Theory - Abridged |
| title_sort | transient aspects of mrp theory abridged |
| topic | Laplace transform methodology Input-Output Analysis NPV Production Economics MRP Theory |
| url | https://hrcak.srce.hr/file/375802 |
| work_keys_str_mv | AT robertwgrubbstrom transientaspectsofmrptheoryabridged |