首页    期刊浏览 2023年03月31日 星期五
登录注册

文章基本信息

  • 标题:An optimal inventory policy under certainty distributed demand for cutting tools with stochastically distributed lifespan
  • 本地全文:下载
  • 作者:Cun Rong Li ; Jiadong Cheng
  • 期刊名称:Cogent Engineering
  • 电子版ISSN:2331-1916
  • 出版年度:2015
  • 卷号:2
  • 期号:1
  • DOI:10.1080/23311916.2014.990671
  • 出版社:Taylor and Francis Ltd
  • 摘要:

    Traditional inventory policy was deeply investigated for various kinds of demand in different industrial sectors. More extensive explorations on inventory policy, including the combination with manufacturing process, detailed attributes of the purchased products, etc. was conducted by many researchers. During manufacturing process, lifespan of cutting tools have significant impact on both the quantity of inventory and production cost. In this paper, the impact of maximum allowable stopping time for cutting tools on production-inventory policy under general production demands was investigated. An optimal inventory policy with general demand (OIPGD) was developed with which the allowable stopping time for tools, order-up-to-level inventory, and order cycle can be optimally determined by an exhaustive searching algorithm. Examples with different distributions on tool lifespan and production demand is presented to show the implementation of the OIPGD model. The results and the sensitivity analysis about the parameters show that optimized combination of selection for tool allowable stopping time, order-up-to-level, and order cycle time can dramatically minimize the total cost of the whole inventory activity.

  • 关键词:inventory policy ; general demand ; lifespan assessment ; cutting tools
国家哲学社会科学文献中心版权所有