Simulation-Based Improvement in the Models for Tool-Inventory Management at Manufacturing Plants

Тарасова, Е. В.; Moskvicheva, N. V.; Nikulina, Olena

doi:10.3103/s1068798x19020102

Cited by 6 publications

(5 citation statements)

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“…In general, most of the published studies dealing with inventory management issues are aimed at applying existing inventory management models (see literature review chapter) as well as publications [38][39][40][41][42][43][44]. Unlike those literature sources, this manuscript is focused on an in-depth analysis of the existing model internal structure, i.e., the deterministic model of inventory management, and investigates options to improve its objective function through the appropriate design of its parameters.…”

Section: Resultsmentioning

confidence: 99%

Inventory Model Design by Implementing New Parameters into the Deterministic Model Objective Function to Streamline Effectiveness Indicators of the Inventory Management

2019

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The aim of this article is to modify the parameters and thus the objective function of the deterministic model of inventory theory so that other important aspects, which influence inventory management, can be taken into consideration. These aspects include the nature of inventory consumption, the share of inventories in sales, the capacity of means of transport and, above all, the reliability of suppliers. This goal is achieved by performing sophisticated and specific calculations for the individual parameters in the modified model. The modification of the objective function of the deterministic model has created a new multi-criteria model. The outcome of this model sought to optimize the supply process in a way that minimizes the risks associated with a lack of inventories while maintaining the economic effectiveness thereof. The model effectiveness is examined by comparing the application of the deterministic model and the proposed model with modified objective function. The results of applying these individual models have been produced based on calculations of indicators showing inventory management effectiveness—the speed of inventory turnover and the average number of inventories in storage.

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Section: Resultsmentioning

confidence: 99%

Inventory Model Design by Implementing New Parameters into the Deterministic Model Objective Function to Streamline Effectiveness Indicators of the Inventory Management

2019

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“…Master Industrial Park [13,14,15]. The share of KAMAZ is almost equal to half of the truck market in the Russian Federation: 1.…”

Section: Resultsmentioning

confidence: 99%

“…The analysis shows that the increase or decrease in demand for trucks is an indicator of some changes in the development of the nation's economy [13]. The objective of the study is to investigate and apply forecasting methods in determining the volume of export of products and develop a methodology for forecasting the development of the nation's economy, based on the forecast of automotive products export [15].…”

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confidence: 99%

Methods of Forecasting the Development of the Nation's Economy Based on the Forecast of Automotive Products Export

Anatolyevna*¹,

Valerevna²,

Oktay³

2019

IJRTE

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Various forecasting methods and models have been analyzed, the possibility of their use in forecasting the automotive products export has been substantiated in the study. A mechanism for predicting the automotive products export based on regression analysis, Fisher's ratio, Pearson correlation coefficient has been proposed. The analysis of the automotive products market has been conducted, a mechanism has been designed to substantiate the connection between the export of automotive products and the development of the nation's economy. A methodology has been developed to forecast the development of the nation's economy based on the forecast for automotive products export. The reliability of the statement that the sale of cars characterizes the development of the economy has been proved. The proposed methodology is recommended to be used for forecasting GDP, development of the nation's economy, and at the strategic level of planning the development of the automotive industry.

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“…Median (Me) is the middle value when sorting the data by size. When the number of values is odd, it is the arithmetic mean of two middle values [16,17]. Process capability index -position T Width of the tolerance field ST Centre of tolerance Process capability indices Cp and C pk -Cp index represents the potential of the process.…”

Section: The Calculation Metodologymentioning

confidence: 99%

Design of evaluation tool used to improve the production process

2019

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This paper is devoted to the use of statistical methods to ensure the highest quality processes. Specifically, it deals with creating an application in MS Excel which evaluates standard statistical parameters and if the required process capability indices are complied with, then it is possible to proceed to SPC (statistical process control). The application was created in MS Excel using the Visual Basic for Application programming language. In addition to the required calculations, the application also generates forms with all important data. This application was designed to reduce reject rate and improve the production process in a contracting company.

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Simulation-Based Improvement in the Models for Tool-Inventory Management at Manufacturing Plants

Cited by 6 publications

References 0 publications

Inventory Model Design by Implementing New Parameters into the Deterministic Model Objective Function to Streamline Effectiveness Indicators of the Inventory Management

Inventory Model Design by Implementing New Parameters into the Deterministic Model Objective Function to Streamline Effectiveness Indicators of the Inventory Management

Methods of Forecasting the Development of the Nation's Economy Based on the Forecast of Automotive Products Export

Design of evaluation tool used to improve the production process

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