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Article: Inventory minimization and production scheduling: the case of a large Hong Kong company

TitleInventory minimization and production scheduling: the case of a large Hong Kong company
Authors
Keywordsinventory control
line scheduling
linear programming
mixed integer linear programming
multi-period optimization
production planning
Issue Date1994
PublisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/ITOR
Citation
International Transactions In Operational Research, 1994, v. 1 n. 3, p. 271-283 How to Cite?
AbstractThe background of this study is a rather classical but complex inventory control/production planning/line scheduling problem of a major soft-drink company in Hong Kong. The issue that stands out for this many-product high-sales manufacture is the storage space of its central warehouse, which often finds itself in the state of overflow or near capacity with finished goods and work-in-process inventory. This phenomenon can create immediate interruptions of production, capital tie-ups and subsequent potential of lost saales. Another obviously important concern is the meeting of forecast demands. A mathematical modelling approach that entails techniques of multi-period aggregate optimization is proposed to tackle the overall problem. The dual objectives are to achieve better production planning and line scheduling in order to minimize inventory build-up maximize demand satisfaction. Numerical results for a sample problem are reported as an illustration to this proposed two-phase approach. © 1994.
Persistent Identifierhttp://hdl.handle.net/10722/75149
ISSN
2015 Impact Factor: 1.255
2015 SCImago Journal Rankings: 1.179

 

DC FieldValueLanguage
dc.contributor.authorChu, SCKen_HK
dc.date.accessioned2010-09-06T07:08:24Z-
dc.date.available2010-09-06T07:08:24Z-
dc.date.issued1994en_HK
dc.identifier.citationInternational Transactions In Operational Research, 1994, v. 1 n. 3, p. 271-283en_HK
dc.identifier.issn0969-6016en_HK
dc.identifier.urihttp://hdl.handle.net/10722/75149-
dc.description.abstractThe background of this study is a rather classical but complex inventory control/production planning/line scheduling problem of a major soft-drink company in Hong Kong. The issue that stands out for this many-product high-sales manufacture is the storage space of its central warehouse, which often finds itself in the state of overflow or near capacity with finished goods and work-in-process inventory. This phenomenon can create immediate interruptions of production, capital tie-ups and subsequent potential of lost saales. Another obviously important concern is the meeting of forecast demands. A mathematical modelling approach that entails techniques of multi-period aggregate optimization is proposed to tackle the overall problem. The dual objectives are to achieve better production planning and line scheduling in order to minimize inventory build-up maximize demand satisfaction. Numerical results for a sample problem are reported as an illustration to this proposed two-phase approach. © 1994.en_HK
dc.languageengen_HK
dc.publisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/ITORen_HK
dc.relation.ispartofInternational Transactions in Operational Researchen_HK
dc.rightsInternational Transactions in Operational Research. Copyright © Blackwell Publishing Ltd.en_HK
dc.subjectinventory controlen_HK
dc.subjectline schedulingen_HK
dc.subjectlinear programmingen_HK
dc.subjectmixed integer linear programmingen_HK
dc.subjectmulti-period optimizationen_HK
dc.subjectproduction planningen_HK
dc.titleInventory minimization and production scheduling: the case of a large Hong Kong companyen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0969-6016&volume=1 No3&spage=271&epage=283&date=1994&atitle=Inventory+minimization+and+production+scheduling:+the+case+of+a+large+Hong+Kong+Companyen_HK
dc.identifier.emailChu, SCK:schu@hkucc.hku.hken_HK
dc.identifier.authorityChu, SCK=rp00685en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/0969-6016(94)90028-0-
dc.identifier.scopuseid_2-s2.0-43949150022en_HK
dc.identifier.hkuros35569en_HK
dc.identifier.volume1en_HK
dc.identifier.issue3en_HK
dc.identifier.spage271en_HK
dc.identifier.epage283en_HK
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridChu, SCK=7403619384en_HK

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