Proposal for improvement in maintenance and logistics according to Linear Scheduling, KPI and EOQ to reduce cost overruns at Transportes Joselito S.A.C., Moche 2021

Adrianzén, Miguel Enrique Alcalá; Narro, Anghela Brisset Viar; Victoria, María Sofía Carolina Muñiz Luna

doi:10.18687/laccei2022.1.1.147

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2023

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“…[15] motivated by incomplete information from inventory managers, analyzed if EOQ model was effective in managing inventory systems for products with stockdependent demand and nonlinear holding cost. [16] implemented the same model to reduce costs in a transportation company. The proposal was designed integrating linear programming.…”

Section: Literature Reviewmentioning

confidence: 99%

EOQ Inventory Model in a Metalworking MSE with Intermittent Demand: A Case Study

Jiménez Ayhuasi,

Taquía Gutiérrez

2023

Advances in Transdisciplinary Engineering

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The main objective of this research article is to optimize costs and logistic KPIs applying an economic order quantity (EOQ) inventory model in a metal-mechanic MSE with intermittent demand. Firstly, the forecast model with the lowest MAD and ECM is selected. The object under study, after ABC classification, belongs to the family of products located in class A due to its valuation and participation in the inventory. The Croston method is considered the most effective forecast model. Secondly, an aggregate planning is developed to satisfy the projection. Then, the EOQ or Wilson model is implemented to reduce inventory costs. Finally, to validate the calculated data, a simulation model is built in Arena with 50 replications. As a result, the inventory costs were reduced to 22.6%.

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Section: Literature Reviewmentioning

confidence: 99%