A Generic Materials and Operations Planning Approach for Inventory Turnover Optimization in the Chemical Industry

Jairo R. Coronado-Hernández, Alfonso R. Romero-Conrado, Olmedo Ochoa-González, Humberto Quintero-Arango, Ximena Vargas, Gustavo Gatica

Resultado de la investigación: Contribución a los tipos de informe/libroContribución a la conferenciarevisión exhaustiva

Resumen

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.

Idioma originalInglés
Título de la publicación alojadaComputer Information Systems and Industrial Management - 19th International Conference, CISIM 2020, Proceedings
EditoresKhalid Saeed, Jirí Dvorský
EditorialSpringer
Páginas134-145
Número de páginas12
ISBN (versión impresa)9783030476786
DOI
EstadoPublicada - 1 ene 2020
Evento19th International Conference on Computer Information Systems and Industrial Management Applications, CISIM 2020 - Bialystok, Polonia
Duración: 16 oct 202018 oct 2020

Serie de la publicación

NombreLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volumen12133 LNCS
ISSN (versión impresa)0302-9743
ISSN (versión digital)1611-3349

Conferencia

Conferencia19th International Conference on Computer Information Systems and Industrial Management Applications, CISIM 2020
PaísPolonia
CiudadBialystok
Período16/10/2018/10/20

Áreas temáticas de ASJC Scopus

  • Ciencia computacional teórica
  • Informática (todo)

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