A spread-sheet model for efficient production and scheduling of a manufacturing line/cell

Taj, Shahram; Nedeltcheva, Galia Novakova; Pfeil, George; Roumaya, Michael

doi:10.1080/00207543.2010.546379

Cited by 10 publications

(1 citation statement)

References 25 publications

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“…While some models and algorithms in the literature used to manage inventories become more complex, by considering more specific data, our experience in many small and large companies agrees with several authors (Garcia-Sabater, Maheut, and Garcia-Sabater 2012;Meyr 2004;Shirodkar and Kempf 2006;Taj et al 2012). These authors claim that most companies still use spreadsheet modelling tools to answer the 'when' and 'how much' questions as they are apparently more effective.…”

Section: Introductionsupporting

confidence: 78%

A practical model for managing inventories with unknown costs and a budget constraint

Vidal-Carreras

García-Sabater

2016

International Journal of Production Research

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The economic production quantity method is one of the simplest models to control production and inventory. However, the assumptions on which it is based make its application difficult in practical situations. In most companies, set-up and inventory costs are unknown, or may not even exist as such, although other data are known, such as available capacity in machining hours and limits set by the financing subsystem. The present work offers a multi-item inventory model that sets reference values using known values such as inventory investment limits and production capacity. In order to confer the proposed model's larger practical content, a spreadsheet available to be downloaded has been implemented. Finally, the model dynamics is illustrated as a numerical example obtained from a real company.

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Section: Introductionsupporting

confidence: 78%