Production and Inventory Control: Theory and Practice

Front Matter....Pages i-xvi
Front Matter....Pages 1-1
Introduction....Pages 3-8
General remarks on planning....Pages 9-20
Front Matter....Pages 21-21
The importance of mathematical statistics....Pages 23-25
Stochastic quantities, probability distributions and moments....Pages 26-28
Some theoretical distributions....Pages 29-32
Fluctuation of demand per product....Pages 33-42
Natural laws affecting a large group of articles....Pages 43-48
The idea of dynamic programming as applied to multi-stage decisions....Pages 49-56
Front Matter....Pages 57-57
Introduction....Pages 59-66
Distinction between categories of customers or orders....Pages 67-67
Front Matter....Pages 69-69
Introduction....Pages 71-74
Calculation of the optimum batch size Q*....Pages 75-78
Definition of the factors occurring in Camp’s formula....Pages 79-101
Variants of the simple batch size formula....Pages 102-121
Batch size in the case of periodic re-ordering....Pages 122-123
Simple aids to the calculation of batch size....Pages 124-132
Determination of the re-order level....Pages 133-135
Factors involved in the determination of the re-order level....Pages 136-143
The graphical-empirical method....Pages 144-152
Analytical methods....Pages 153-174
Front Matter....Pages 69-69
Standard deviation in the lead time....Pages 175-179
The re-order level in the case of fixed-interval re-ordering....Pages 180-183
Calculation of optimum B and Q for a (B, Q) system....Pages 184-189
Determination of the levels s and S by dynamic programming....Pages 190-202
One article; several parallel inventory points....Pages 203-210
One article; a number of stock points in series....Pages 211-224
Several articles; stock points parallel....Pages 225-235
Norms in inventory control....Pages 236-246
Front Matter....Pages 247-247
Determination of production level....Pages 249-269
Front Matter....Pages 271-271
Calculation of capacity....Pages 273-276
Front Matter....Pages 277-277
Spares inventory control....Pages 279-290
Fixing parts for assembly....Pages 291-305
Planning and inventory control in a woodworking factory....Pages 306-316
Example: the production of simple parts for electronic components....Pages 317-327
Front Matter....Pages 329-329
Approach to a project....Pages 331-348
Simulation as a method of investigation and training....Pages 349-349
Back Matter....Pages 351-370