A MODEL FOR ORDER AND INVENTORY PLANNING IN ALLOY STEEL INDUSTRY

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SHAHRIARI ALI REZA; NAHAVANDI NASIM; AGHDASI MOHAMMAD; ZEGORDI SEYED HESSAMEDDIN

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Paper Information

Journal: PRODUCTION AND OPERATIONS MANAGEMENT Year:2014 | Volume:5 | Issue:2 (9) Page(s): 37-55

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Information Journal Paper

Title

A MODEL FOR ORDER AND INVENTORY PLANNING IN ALLOY STEEL INDUSTRY

Author(s)

SHAHRIARI ALI REZA | NAHAVANDI NASIM | AGHDASI MOHAMMAD | ZEGORDI SEYED HESSAMEDDIN | Issue Writer Certificate

Keywords

ORDER PLANNINGQ2

INVENTORY PLANNINGQ2

ALLOY STEELQ1

GENETIC ALGORITHMQ2

Abstract

Production planning is one of the most important challenges in steel industry. ORDER PLANNING is one major part of this aspect according to the fact that production is usually planned based on customer orders in this industry. INVENTORY PLANNING is also vital for maximizing capacity utilization. The proposed model in this paper is capable of selecting order, assigning finish time of each order, and determining open orders in each process by considering ORDER PLANNING and INVENTORY PLANNING simultaneously. The model could have a key role in improving production planning of steel companies by on time delivering of the orders, reducing work-in-process, and balancing utility of capacities. Finally, a heuristic algorithm based on GENETIC ALGORITHM is proposed and its efficiency evaluated in an empirical case study of Iran ALLOY STEEL enterprise.

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APA: Copy

SHAHRIARI, ALI REZA, NAHAVANDI, NASIM, AGHDASI, MOHAMMAD, & ZEGORDI, SEYED HESSAMEDDIN. (2014). A MODEL FOR ORDER AND INVENTORY PLANNING IN ALLOY STEEL INDUSTRY. PRODUCTION AND OPERATIONS MANAGEMENT, 5(2 (9)), 37-55. SID. https://sid.ir/paper/217575/en

Vancouver: Copy

SHAHRIARI ALI REZA, NAHAVANDI NASIM, AGHDASI MOHAMMAD, ZEGORDI SEYED HESSAMEDDIN. A MODEL FOR ORDER AND INVENTORY PLANNING IN ALLOY STEEL INDUSTRY. PRODUCTION AND OPERATIONS MANAGEMENT[Internet]. 2014;5(2 (9)):37-55. Available from: https://sid.ir/paper/217575/en

IEEE: Copy

ALI REZA SHAHRIARI, NASIM NAHAVANDI, MOHAMMAD AGHDASI, and SEYED HESSAMEDDIN ZEGORDI, “A MODEL FOR ORDER AND INVENTORY PLANNING IN ALLOY STEEL INDUSTRY,” PRODUCTION AND OPERATIONS MANAGEMENT, vol. 5, no. 2 (9), pp. 37–55, 2014, [Online]. Available: https://sid.ir/paper/217575/en

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