Journal of Korean Society of Industrial and Systems Engineering (산업경영시스템학회지)

Society of Korea Industrial and System Engineering (한국산업경영시스템학회)
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An Integrated Inventory Model for Multi-Product and its Raw Materials in Just-In-Time Purchasing

JIT구매 하에서 원자재를 고려한 다품목의 통합재고모형에 관한 연구

  • Kim, Dae-Hong (Department of Industrial Systems Engineering, Hansung University)
  • 김대홍 (한성대학교 산업시스템공학과)
  • Published : 2008.03.31
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Abstract

In this paper, we consider an inventory system where a single supplier purchases and processes raw materials into finished goods in order to deliver finished goods to a single buyer for effective implementation of Just-In-Time Purchasing. An integrated multi-item lot-splitting model of facilitating multiple shipments in small lots between buyer and supplier is developed in a JIT Purchasing environment. Also, an iterative solution procedure is developed to find the order quantity for finished goods and raw materials, and number of shipments between buyer and supplier. We show by numerical example that when the integrated policy is adopted by both buyer and supplier in a cooperative manner, both parties can benefit.

Keywords

References

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