Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/23857
Title: A dynamic inventory-production scheduling model for small scale organisations
Authors: Hui, IK
Lau, HCW
Keywords: Inventory costs
Inventory scheduling
Production capacity
Production scheduling
Issue Date: 2003
Publisher: Springer
Source: International journal of advanced manufacturing technology, 2003, v. 22, no. 1-2, p. 89-100 How to cite?
Journal: International journal of advanced manufacturing technology 
Abstract: A production scheduling model based on the minimisation of inventory costs is proposed for small scale organisations. This is an interactive model characterised by its ability to cope with continuous changes in production and demand conditions. The model is built on the foundation of the Wagner-Whitin algorithm, and has incorporated factors of safety stock, economic batch quantity, production capacity and past forecast accuracy in inventory and production scheduling. It has been implemented in a computer programme and tested within a company. Results show that by using this model substantial savings can be achieved in inventory costs.
URI: http://hdl.handle.net/10397/23857
ISSN: 0268-3768
EISSN: 1433-3015
DOI: 10.1007/s00170-002-1446-4
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