A mathematical model for energy and in-process inventory assessment in a manufacturing system
One of the many factors involved in the study of [`]in-process' inventories is that of the energy input. During the last decade this factor has assumed an ever increasingly important rôle as supplies fall and costs escalate. Industry has been forced to adopt ways of improving its energy utilisation efficiency but this has been largely in the area of its physical use and less attention has been paid to operational applications. Since [`]in-process' inventory can accumulate between manufacturing stages, the energy losses can play an important part in setting decision rules and, in this paper, a mathematical model is built which attempts to take this into account. The model aims at forecasting the minimum fuel requirements whilst minimising operating costs in a multi-stage production inventory system. Further, the level of customer service that the system should provide is used within the model formulation.
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Volume (Year): 13 (1983)
Issue (Month): 4 (April)
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