Authors: S.R. Singh; Akshika Rastogi; Surbhi Singhal
Addresses: Department of Mathematics, C.C.S. University, Meerut, 250001, India ' Department of Statistics, D.N. College, Meerut, 250002, India ' Department of Statistics, Vardhaman College, Bijnor, 246701, India
Abstract: After the lockdown it is not easy to get into the previous position. All producers need to change their working method as there is no production during the whole period and to deal with such a huge mass is not an easy task. As the production is stopped during the lockdown. When lockdown is open, inventory will be almost finished. The demand of economy falls so rapidly that there is a requirement to adopt such technique that can be used to cope up with such situation and raise an economy. Just in Time (JIT) is such a technique used in inventory that is not only cost saving but also time saving. In this paper, a mathematical model of JIT is introduced and an example with numerical is applied. Certain methods ought to adopt to implement JIT to raise an economy of the country.
Keywords: JIT; Just in Time; pandemic; economy; lockdown; production; inventory; implement; simulation technique.
International Journal of Services Operations and Informatics, 2021 Vol.11 No.1, pp.75 - 86
Received: 14 Jul 2020
Accepted: 18 Aug 2020
Published online: 08 Apr 2021 *