An integrated inventory model for a single product and its raw materials

Sunn Ho Kim, M. Jeya Chandra

Research output: Contribution to journalArticlepeer-review

14 Scopus citations

Abstract

In this paper a heuristic procedure is developed to determine the optimum inventory policies for an inventory system consisting of a single product and raw materials used in the manufacture of the product. The raw materials are optimally classified into groups so that the total inventory cost per unit time is minimized. The cost expression used as the objective function takes the inventory relationship between the product and its raw materials into consideration.

Original languageEnglish (US)
Pages (from-to)627-634
Number of pages8
JournalInternational Journal of Production Research
Volume25
Issue number4
DOIs
StatePublished - Jan 1 1987

All Science Journal Classification (ASJC) codes

  • Strategy and Management
  • Management Science and Operations Research
  • Industrial and Manufacturing Engineering

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