Pre-Publicación
A generic materials and operations planning approach for inventory turnover optimization in the chemical industry
Registro en:
Corporación Universidad de la Costa
REDICUC - Repositorio CUC
Autor
Coronado-Hernández, Jairo R.
Romero-Conrado, Alfonso R.
Ochoa-González, Olmedo
Quintero-Arango, Humberto
Vargas, Ximena
Gatica, Gustavo
Institución
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.