Calculating raw material and work-in-process inventories in MTO/MTS production
Publish Year: 1393
Type: Journal paper
Language: English
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Document National Code:
JR_UJRSET-2-3_003
Index date: 28 February 2015
Calculating raw material and work-in-process inventories in MTO/MTS production abstract
We examine the role of inventory in a hybrid Make-to-Stock (MTS)/Make-to-Order (MTO)production environment, based on a case study performed in a fruit juice company. In this example, demands for Finished Good (FG) inventories follow normal distribution .We propose a model tocalculate economic order quantity (EOQ) by obtaining demands for Raw Material (RM) inventoriesthrough Work-in-process (WIP) and FG inventories. For validity of our claim we illustrate some samples of production in different days and compare it with old method estimation of WIP and EOQ.
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Calculating raw material and work-in-process inventories in MTO/MTS production authors
Masoud Rabbani
School of Industrial Engineering, College of Engineering, University of Tehran
Negin Bagherzadeh
School of Industrial Engineering, College of Engineering, University of Tehran
Hamed Rafiei
School of Industrial Engineering, College of Engineering, University of Tehran