Evaluation of Multilevel Inventory System for Moderating Cost Value - A Case Study

Authors

  • Shailendra Kumar Singh Toolroom Department, Central Institute of Plastics Engineering & Technology (Bhopal), India Author
  • Prashant Mishra Toolroom Department, Central Institute of Plastics Engineering & Technology (Bhopal), India Author

DOI:

https://doi.org/10.14741/

Keywords:

Inventory control, EOQ, MRP, POQ, LTC

Abstract

The purpose of this paper is to investigate how a model for controlling a multi-level inventory system can be used to calculate the optimize inventory value of a steel strip in a steel plant. Furthermore, the paper will, by simulation in every inventory method so could be reduced if a coordinated inventory control method is implemented, instead of the uncoordinated control system used today. In this study, the goods flow chosen is the simplest possible multi-level case.

References

Downloads

Published

2015-10-31

Issue

Vol.5, No.5 (Sep/Oct 2015)

Section

Articles

How to Cite

Evaluation of Multilevel Inventory System for Moderating Cost Value - A Case Study. (2015). International Journal of Current Engineering and Technology, 5(5), 3228-3232. https://doi.org/10.14741/