Publicación: A Generic Materials and Operations Planning Approach for Inventory Turnover Optimization in the Chemical Industry
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Coronado-Hernández J.R., Romero-Conrado A.R., Ochoa-González O., Quintero-Arango H., Vargas X., Gatica G. (2020) A Generic Materials and Operations Planning Approach for Inventory Turnover Optimization in the Chemical Industry. In: Saeed K., Dvorský J. (eds) Computer Information Systems and Industrial Management. CISIM 2020. Lecture Notes in Computer Science, vol 12133. Springer, Cham. https://doi.org/10.1007/978-3-030-47679-3_12
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Chemical industries usually involve continuous and large-scale production processes that require demanding inventory control systems. This paper aims to show the results of the implementation of a mixed-integer programming model (MIP) based on the Generic Materials and Operations Planning Problem (GMOP) for optimizing the inventory turnover in a fertilizer company. Results showed significant improvements for Inventory Turnover Ratios and overall costs when compared with an empirical production planning method.
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978-3-030-47678-6