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Production and inventory policies for an integrated manufacturing firm.

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Title: Production and inventory policies for an integrated manufacturing firm.
Authors: Adam, Nabil R.1, Ignall, Edward2
Source: International Journal of Production Research. Nov/Dec80, Vol. 18 Issue 6, p753. 8p.
Subjects: Product management, Production management (Manufacturing), Inventories, Production planning, Decision making, Guidelines, Inventory control, Manufactured products, Technical specifications, Primary commodities
Abstract: The coordination of production and inventory decisions for raw materials, intermediate products and finished goods is important. We compare some decision rules for a firm that uses a single raw material to manufacture n different parts which are then assembled into the final product. Demand for the final product is probabilistic and there are costs of holding inventory and of ordering, manufacture and assembly. These characteristics are an idealization of the problem faced by a manufacturer of scaffolds in which the major processes are the manufacture of different sheet metal parts and their assembly. We develop production rules that use system-wide information. We use simulation to evaluated the performance of these rules and compare system behaviour to that under production rules that are derived separately for each item and use only local information about that item's status. [ABSTRACT FROM AUTHOR]
Copyright of International Journal of Production Research is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Engineering Source
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  Data: <searchLink fieldCode="DE" term="%22Product+management%22">Product management</searchLink><br /><searchLink fieldCode="DE" term="%22Production+management+%28Manufacturing%29%22">Production management (Manufacturing)</searchLink><br /><searchLink fieldCode="DE" term="%22Inventories%22">Inventories</searchLink><br /><searchLink fieldCode="DE" term="%22Production+planning%22">Production planning</searchLink><br /><searchLink fieldCode="DE" term="%22Decision+making%22">Decision making</searchLink><br /><searchLink fieldCode="DE" term="%22Guidelines%22">Guidelines</searchLink><br /><searchLink fieldCode="DE" term="%22Inventory+control%22">Inventory control</searchLink><br /><searchLink fieldCode="DE" term="%22Manufactured+products%22">Manufactured products</searchLink><br /><searchLink fieldCode="DE" term="%22Technical+specifications%22">Technical specifications</searchLink><br /><searchLink fieldCode="DE" term="%22Primary+commodities%22">Primary commodities</searchLink>
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  Data: The coordination of production and inventory decisions for raw materials, intermediate products and finished goods is important. We compare some decision rules for a firm that uses a single raw material to manufacture n different parts which are then assembled into the final product. Demand for the final product is probabilistic and there are costs of holding inventory and of ordering, manufacture and assembly. These characteristics are an idealization of the problem faced by a manufacturer of scaffolds in which the major processes are the manufacture of different sheet metal parts and their assembly. We develop production rules that use system-wide information. We use simulation to evaluated the performance of these rules and compare system behaviour to that under production rules that are derived separately for each item and use only local information about that item's status. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of International Journal of Production Research is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Value: 10.1080/00207548008919704
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      – Code: eng
        Text: English
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        PageCount: 8
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      – SubjectFull: Product management
        Type: general
      – SubjectFull: Production management (Manufacturing)
        Type: general
      – SubjectFull: Inventories
        Type: general
      – SubjectFull: Production planning
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      – SubjectFull: Decision making
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      – SubjectFull: Guidelines
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      – SubjectFull: Inventory control
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      – SubjectFull: Manufactured products
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      – SubjectFull: Technical specifications
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      – SubjectFull: Primary commodities
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      – TitleFull: Production and inventory policies for an integrated manufacturing firm.
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            NameFull: Adam, Nabil R.
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            NameFull: Ignall, Edward
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            – D: 01
              M: 11
              Text: Nov/Dec80
              Type: published
              Y: 1980
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            – TitleFull: International Journal of Production Research
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