Advertisement

Abstract

At the beginning of many manufacturing processes, semi-finished products are manufactured from raw materials. Customer demands and raw material markets represent the interfaces of supply chains. Prices paid in procurement markets and for manufacturing can highly influence tied-up capital and therefore the total cost of final goods and company's profit. Growing international demand even further increasing by the market entry of emerging nations recently pushed raw material prices to unknown levels (see Nestmann (2006)). Nowadays, raw material prices are responsible for an increasing portion of total procurement cost.

Keywords

Optimal Policy Adjoint Variable Inventory Holding Initial Inventory Adjoint Function 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Gabler Verlag | Springer Fachmedien Wiesbaden GmbH 2010

Authors and Affiliations

  • Jan Arnold

There are no affiliations available

Personalised recommendations