On reflecting optimal inventory of profit and loss perspective for production planning

Jeong Seog Kho; Jongpil Jeong

doi:10.1016/j.procs.2019.08.104

On reflecting optimal inventory of profit and loss perspective for production planning

Jeong Seog Kho
, Jongpil Jeong

Research & Business Foundation

Sungkyunkwan University

Research output: Contribution to journal › Conference article › peer-review

2 Scopus citations

Abstract

Production management is a key function of manufacturing plants and the process of determining production plans is critical, requiring active collaboration by all departments. The production plan starts with the demand forecast and sales plan, the sales department reviews the appropriate inventory to be supplied before the delivery date, and the operation department reviews the manufacturing capacity and the status of materials possession. This paper proposes another parameters to obtain the optimum inventory level of the profit or loss perspective for the production plan.

Original language	English
Pages (from-to)	722-727
Number of pages	6
Journal	Procedia Computer Science
Volume	155
DOIs	https://doi.org/10.1016/j.procs.2019.08.104
State	Published - 2019
Event	16th International Conference on Mobile Systems and Pervasive Computing, MobiSPC 2019, 14th International Conference on Future Networks and Communications, FNC 2019, 9th International Conference on Sustainable Energy Information Technology, SEIT 2019 - Halifax, Canada Duration: 19 Aug 2019 → 21 Aug 2019

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure

Keywords

ARIMA
Mass Customization
Optimal Inventory
Production Control

Access to Document

10.1016/j.procs.2019.08.104

Cite this

@article{b4872100aab840b9bf0787e780657439,

title = "On reflecting optimal inventory of profit and loss perspective for production planning",

abstract = "Production management is a key function of manufacturing plants and the process of determining production plans is critical, requiring active collaboration by all departments. The production plan starts with the demand forecast and sales plan, the sales department reviews the appropriate inventory to be supplied before the delivery date, and the operation department reviews the manufacturing capacity and the status of materials possession. This paper proposes another parameters to obtain the optimum inventory level of the profit or loss perspective for the production plan.",

keywords = "ARIMA, Mass Customization, Optimal Inventory, Production Control",

author = "Kho, \{Jeong Seog\} and Jongpil Jeong",

note = "Publisher Copyright: {\textcopyright} 2019 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/) Peer-review under responsibility of the Conference Program Chairs.; 16th International Conference on Mobile Systems and Pervasive Computing, MobiSPC 2019, 14th International Conference on Future Networks and Communications, FNC 2019, 9th International Conference on Sustainable Energy Information Technology, SEIT 2019 ; Conference date: 19-08-2019 Through 21-08-2019",

year = "2019",

doi = "10.1016/j.procs.2019.08.104",

language = "English",

volume = "155",

pages = "722--727",

journal = "Procedia Computer Science",

issn = "1877-0509",

publisher = "Elsevier B.V.",

}

TY - JOUR

T1 - On reflecting optimal inventory of profit and loss perspective for production planning

AU - Kho, Jeong Seog

AU - Jeong, Jongpil

N1 - Publisher Copyright: © 2019 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/) Peer-review under responsibility of the Conference Program Chairs.

PY - 2019

Y1 - 2019

N2 - Production management is a key function of manufacturing plants and the process of determining production plans is critical, requiring active collaboration by all departments. The production plan starts with the demand forecast and sales plan, the sales department reviews the appropriate inventory to be supplied before the delivery date, and the operation department reviews the manufacturing capacity and the status of materials possession. This paper proposes another parameters to obtain the optimum inventory level of the profit or loss perspective for the production plan.

AB - Production management is a key function of manufacturing plants and the process of determining production plans is critical, requiring active collaboration by all departments. The production plan starts with the demand forecast and sales plan, the sales department reviews the appropriate inventory to be supplied before the delivery date, and the operation department reviews the manufacturing capacity and the status of materials possession. This paper proposes another parameters to obtain the optimum inventory level of the profit or loss perspective for the production plan.

KW - ARIMA

KW - Mass Customization

KW - Optimal Inventory

KW - Production Control

UR - https://www.scopus.com/pages/publications/85074692141

U2 - 10.1016/j.procs.2019.08.104

DO - 10.1016/j.procs.2019.08.104

M3 - Conference article

AN - SCOPUS:85074692141

SN - 1877-0509

VL - 155

SP - 722

EP - 727

JO - Procedia Computer Science

JF - Procedia Computer Science

T2 - 16th International Conference on Mobile Systems and Pervasive Computing, MobiSPC 2019, 14th International Conference on Future Networks and Communications, FNC 2019, 9th International Conference on Sustainable Energy Information Technology, SEIT 2019

Y2 - 19 August 2019 through 21 August 2019

ER -

On reflecting optimal inventory of profit and loss perspective for production planning

Abstract

UN SDGs

Keywords

Access to Document

Other files and links

Fingerprint

Cite this