Abstract
Most production and inventory modelling has traditionally focused on the management of the flow of materials: raw materials, components, assemblies, and finished products. The concern is with the management of the physical inventory and the planning and scheduling of the movement of parts and products through manufacturing and distribution. However, it has long been recognized that the movement and processing of the physical product requires information in order to be managed. So in recent years there has been an increasing tendency to include in the model the representation of information flow and the way in which information flow is linked to material flow. This is particularly important in modelling various types of multistage inventory management systems, such as base stock, Kanban, or CONWIP, as information flow and marterial flow are tightly coupled.
Supported in part by the Natural Sciences and Engineering Research Council of Canada under grant 138270.
Supported in part by the National Science Foundation under grant DMI-0100511.
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Buzacott, J.A., Zhang, R.Q. (2003). Managing and Modelling Financial Flows and Material Flows. In: Shanthikumar, J.G., Yao, D.D., Zijm, W.H.M. (eds) Stochastic Modeling and Optimization of Manufacturing Systems and Supply Chains. International Series in Operations Research & Management Science, vol 63. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-0373-6_14
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DOI: https://doi.org/10.1007/978-1-4615-0373-6_14
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