Stochastic Modeling Applied for Inventory Optimization in Advanced Production Systems
Journal Title: RECENT - Year 2013, Vol 14, Issue 40
Abstract
Production systems have been lately and still are submitted to a profound changing process, with ascendant dynamics. In the conditions of the development and implementation of modern principles of organization of advanced manufacturing systems, the decisive role of inventory management is demonstrated that ensure continuity in production. Inventory management activity is regarded as a complex process with a large area of application, covering the management problems, dimensioning, optimization and inventory control. Taking into account the influence of the storage process it is necessary to find models and methods for the formation of some inventories, which by volume and structure, should ensure normal performance of the economic activity, but under the minimum necessary storage conditions and expenses as low as possible. This paper aims to develop and implement a methodology to improve the efficiency of production process and presents a stochastic model applied for inventory optimization to the manufacturing process of cylindrical parts.
Authors and Affiliations
Adriana FOTA, Sorin BARABAŞ
Keywords
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