In mechanical industry products are usually manufactured by assembling a large number of subromponents. The production and stocking of such components are often of much greater significance then the assembly and stocking of final products. The problem is set within a multicriteria framework, and the consequences of the tactical decisions are presented to the decision maker as goal outcomes. The methodology involves embedding relatively simple models within a larger and more comlex model. The large total model is a simulation model which uses the optimal decisions of the inventory model to determine the strategic concequences for each important criterion. The methodology was applied to an inventory system of a manufacturer of spare parts for cars. The results of that application are reported in some detail. Of particular interest is the comparison of two inventory models: the economic order quantity model and a stochastic inventory model. These two models are compared on the basis of their performance in producing desirable strategic consequences.
Rashed, F. (1986). Mathematical Models For Integrated Production Planning As Application in Inventory Control. The International Conference on Applied Mechanics and Mechanical Engineering, 2(2nd Conference on Applied Mechanical Engineering.), 71-80. doi: 10.21608/amme.1986.57198
MLA
Farouk Mohammed El. Said Rashed. "Mathematical Models For Integrated Production Planning As Application in Inventory Control". The International Conference on Applied Mechanics and Mechanical Engineering, 2, 2nd Conference on Applied Mechanical Engineering., 1986, 71-80. doi: 10.21608/amme.1986.57198
HARVARD
Rashed, F. (1986). 'Mathematical Models For Integrated Production Planning As Application in Inventory Control', The International Conference on Applied Mechanics and Mechanical Engineering, 2(2nd Conference on Applied Mechanical Engineering.), pp. 71-80. doi: 10.21608/amme.1986.57198
VANCOUVER
Rashed, F. Mathematical Models For Integrated Production Planning As Application in Inventory Control. The International Conference on Applied Mechanics and Mechanical Engineering, 1986; 2(2nd Conference on Applied Mechanical Engineering.): 71-80. doi: 10.21608/amme.1986.57198
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