In the U.S.A., 70 percent of the manufactured cement and 43 percent of aggregates is used in Ready-Mixed Concrete (RMC) plants. So a material inventory control system is needed to form a consumption pattern for this material to optimize warehousing cost and ordering in RMC plants. Such a material inventory control system of batching plants could be applied as an approach for optimal estimation ...

As there is no scientific norm in China in managing the inventory of manufacturing enterprises in the ship industry, the managers always have more than one inventory evaluation index systems. Based on the theoretical research and field investigation, we construct an inventory evaluation index system consisting of 20 tertiary indicators of ship industry. We adopt the optimal combination method w...

Since the past century, when the first economic order quantity (EOQ) formula was introduced, many researchers have tried to develop and extend the first version to adapt with real world situations. One of these extensions is considering the inventory system in imprecise business and industrial environment. To do so, fuzzy set theory has fruitfully been integrated with EOQ models. This combinati...

In the fast-changing business environment, supply chains are affected by the production and inventory strategies, which influence the amount of information needed by the chains. The firms must therefore determine the best supply chain inventory strategies for their products. The lack of precise market demand and reliable supplier’s stock level makes it inappropriate to use the statistically-bas...