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Issue No:6, Vol.3 |
June - 2010 |
ISSN: 0974-5645 |
| RESEARCH ARTICLES |
Viewers & PDF |
| 24. Economic order quantity for multiple items in resource constraints.Mukesh Bhagoria, C. M. Sadiwala and V. K. Khare (2010) Indian J.Sci.Technol. Vol. 3, Issue 6, pp: 707-709. Domain site: http://www.indjst.org. |
 
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- Abstract
In this paper we present a model and solution methodology for production and inventory management problem that
involve space constraint. The model formulation is quite general, allowing organization to handle a variety of multi-item
decision such as determining order quantities. With the growing interest in dealing with the volatile demand
fluctuations, there is a renewed interest to enhance responsiveness in capacity planning and in particular, to address
the dynamic changes in product mix. We propose a new representation for the capacity utilization. With a more refined
representation, overlapping and non-overlapping, capability regions can be identified and their inter-relationships with
respect to capacity can then be applied for improving the match between the capacity and production orders. Thus,
better planning and capacity utilization can be achieved. An example is presented to demonstrate the proposed
approach and summarizes the work on a user interface for an MRP II planning system which has been developed
using artificial intelligence techniques as a support tool for the final user. Experiences with real applications show that
the success of such a system depends on the flexibility and facility to acquire the knowledge through a correct model
and the facilities for displaying results.
- Keywords: Material requirement planning, capacity planning, Economic order quantity (EOQ).
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