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A HEURISTIC PROCEDURE FOR DETERMINING IN-PROCESS INVENTORIES (1978)

Davis, K. Roscoe ; Taylor, Bernard W.

Oxford, UK : Blackwell Publishing Ltd

Decision sciences 9 (1978), S. 0

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ISSN: 1540-5915

Source: Blackwell Publishing Journal Backfiles 1879-2005

Topics: Economics

Notes: Most prior studies that examine in-process inventory requirements associated with a manufacturing facility employ an optimizing algorithm; this article proposes a heuristic procedure for determining such requirements. A procedure is given for determining “active” and “banked” work-in-process requirements. The two are combined to give total in-process requirements.A key factor presented in the paper is the relationship between in-process inventory requirements and the “balancing” of a production facility. Most prior researchers examine these problems independently. It will be shown that both problems can be resolved concurrently. The concepts are applicable to both an existing as well as a new manufacturing facility.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1111/j.1540-5915.1978.tb00734.x

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