Minimising Moulding Production and Material Storage Costs

Abstract

An examination of changing an inventory policy of a major manufacturing organisation and its impact on the cost structure of the organisation is presented. A classic cost confrontation between set‐up costs and inventory costs are examined in the study. The results reveal that the unique nature of the manufacturing organisation favours short‐run production scheduling over a proposed long‐run production scheduling policy. This article also presents the application of a decision support system (DSS) to aid in production scheduling. The applications reveals that improved scheduling and a reduction in scheduling time and effort can be achieved by using the DSS over the manufacturing organisations′ manual systems.

Citation

Kwak, N.K., Freeman, J.S. and Schniederjans, M.J. (1989), "Minimising Moulding Production and Material Storage Costs", International Journal of Physical Distribution & Materials Management, Vol. 19 No. 9, pp. 18-26. https://doi.org/10.1108/EUM0000000000336