Journal article
JIT purchasing and setup reduction in an integrated inventory model
International journal of production research, v 30(2), pp 255-266
01 Feb 1992
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
We study the effects of JIT order quantities on the purchase of raw materials and of the investments to reduce setup time. We examine the total relevant cost for an integrated inventory model, which unifies the finished product and the raw materials used for manufacturing it. A comparison of the total costs between our JIT model and the conventional 'economic production quantity' model suggests that JIT order splitting and investment in setup reduction could be cost-effective.
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Details
- Title
- JIT purchasing and setup reduction in an integrated inventory model
- Creators
- JAE-DONG Hong - South Carolina State UniversityJACK C. Hayya - Pennsylvania State UniversitySEUNG-LAE Kim - Drexel University
- Publication Details
- International journal of production research, v 30(2), pp 255-266
- Publisher
- Taylor & Francis Group
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Decision Sciences (and Management Information Systems)
- Web of Science ID
- WOS:A1992HA55500003
- Scopus ID
- 2-s2.0-0026821337
- Other Identifier
- 991020546689704721
UN Sustainable Development Goals (SDGs)
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InCites Highlights
Data related to this publication, from InCites Benchmarking & Analytics tool:
- Web of Science research areas
- Engineering, Industrial
- Engineering, Manufacturing
- Operations Research & Management Science