A Generic Materials and Operations Planning Approach for Inventory Turnover Optimization in the Chemical Industry
Fecha
2020-05-22Registro en:
978-3-030-47678-6
10.1007/978-3-030-47679-3_12
Universidad Tecnológica de Bolívar
Repositorio Universidad Tecnológica de Bolívar
Autor
Coronado Hernández, Jairo Rafael
Romero-Conrado, Alfonso R.
Ochoa-González, Olmedo
Quintero-Arango, Humberto
Vargas, Ximena
Gatica, Gustavo
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.