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

Sunn Ho Kim, M. Jeya Chandra

Research output: Contribution to journalArticle

14 Citations (Scopus)

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

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Raw materials
Costs
Integrated inventory model
Inventory policy
Inventory cost
Inventory systems
Heuristics
Objective function

All Science Journal Classification (ASJC) codes

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

Cite this

Kim, Sunn Ho ; Chandra, M. Jeya. / An integrated inventory model for a single product and its raw materials. In: International Journal of Production Research. 1987 ; Vol. 25, No. 4. pp. 627-634.
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An integrated inventory model for a single product and its raw materials. / Kim, Sunn Ho; Chandra, M. Jeya.

In: International Journal of Production Research, Vol. 25, No. 4, 01.01.1987, p. 627-634.

Research output: Contribution to journalArticle

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