TECHNIQUES FOR CASH MANAGEMENT IN SCHEDULING MANUFACTURING OPERATIONS

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MORADY GOHAREH MEHDY; SHAMS GHARNEH NASER; GHASEMY YAGHIN REZA

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Journal Paper

Paper Information

Journal: JOURNAL OF INDUSTRIAL ENGINEERING INTERNATIONAL Year:2017 | Volume:13 | Issue:2 Page(s): 265-273

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Information Journal Paper

Title

TECHNIQUES FOR CASH MANAGEMENT IN SCHEDULING MANUFACTURING OPERATIONS

Author(s)

MORADY GOHAREH MEHDY | SHAMS GHARNEH NASER | GHASEMY YAGHIN REZA | Issue Writer Certificate

Keywords

SCHEDULING

SINGLE MACHINE

CASH MANAGEMENT

CASH DEFICIENCY

MANUFACTURING INDUSTRIES

Abstract

The objective in traditional scheduling is usually time based. Minimizing the makespan, total flow times, total tardi costs, etc. are instances of these objectives. In manufacturing, processing each job entails a cost paying and price receiving. Thus, the objective should include some notion of managing the flow of cash. We have defined two new objectives: maximization of average and minimum available cash. For single machine scheduling, it is demonstrated that scheduling jobs in decreasing order of profit ratios maximizes the former and improves productivity. Moreover, scheduling jobs in increasing order of costs and breaking ties in decreasing order of prices maximizes the latter and creates protection against financial instability.

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APA: Copy

MORADY GOHAREH, MEHDY, SHAMS GHARNEH, NASER, & GHASEMY YAGHIN, REZA. (2017). TECHNIQUES FOR CASH MANAGEMENT IN SCHEDULING MANUFACTURING OPERATIONS. JOURNAL OF INDUSTRIAL ENGINEERING INTERNATIONAL, 13(2), 265-273. SID. https://sid.ir/paper/310093/en

Vancouver: Copy

MORADY GOHAREH MEHDY, SHAMS GHARNEH NASER, GHASEMY YAGHIN REZA. TECHNIQUES FOR CASH MANAGEMENT IN SCHEDULING MANUFACTURING OPERATIONS. JOURNAL OF INDUSTRIAL ENGINEERING INTERNATIONAL[Internet]. 2017;13(2):265-273. Available from: https://sid.ir/paper/310093/en

IEEE: Copy

MEHDY MORADY GOHAREH, NASER SHAMS GHARNEH, and REZA GHASEMY YAGHIN, “TECHNIQUES FOR CASH MANAGEMENT IN SCHEDULING MANUFACTURING OPERATIONS,” JOURNAL OF INDUSTRIAL ENGINEERING INTERNATIONAL, vol. 13, no. 2, pp. 265–273, 2017, [Online]. Available: https://sid.ir/paper/310093/en

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