Computer technology in inventory decision making in a JIT environment
by Ajay K. Aggarwal, Dinesh S. Dave
International Journal of Computer Applications in Technology (IJCAT), Vol. 8, No. 3/4, 1995

Abstract: A previous study presented the use of EOQ and price breaks in ordering decisions in a JIT environment. In this paper, an attempt is made to develop a more generaliesd and practical approach in recommending purchase orders for manufactured or purchased parts in a JIT environment. Specifically, a model is presented that incorporates the cost impact of warehouse limitations and the possibility of defective/damaged goods, within an EOQ with quantity discount framework in a JIT environment. A systematic procedure is developed to recommend the optimal purchasing decisions considering the warehouse expansion and/or space allocation costs and the possibility of defective/damaged items. Based upon the model, a user-friendly, efficient, and effective BASIC program is developed to assist a manager's purchasing decisions. In order to illustrate this approach, a set of numerical examples are presented in the paper.

Online publication date: Thu, 05-Jun-2014

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Computer Applications in Technology (IJCAT):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com