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Inventory Management and Control "Fo...

Miller, John.

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Inventory Management and Control "For a Cause".

Record Type:	Electronic resources : Monograph/item
Title/Author:	Inventory Management and Control "For a Cause"./
Author:	Miller, John.
Description:	68 p.
Notes:	Source: Masters Abstracts International, Volume: 54-04.
Contained By:	Masters Abstracts International54-04(E).
Subject:	Industrial engineering. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=1586442
ISBN:	9781321680645

Inventory Management and Control "For a Cause".
Miller, John.

Inventory Management and Control "For a Cause". - 68 p.

Source: Masters Abstracts International, Volume: 54-04.

Thesis (M.S.I.E.)--University of Arkansas, 2015.

Companies today are changing the culture of business and beginning to involve more than just labor and money in overall decisions. Just as sustainability issues and humanitarian logistics are gaining popularity, so is the idea of using business to make a difference on society in addition to making a profit. As companies position themselves across the globe to make an impact, they employ people in third-world environments that create uncertainties on both the supply and demand sides. Also, the idea of strategically planning work with the goal of minimizing costs has been replaced by companies wanting to give more work and operate with "planned inefficiencies" so that they can guarantee workers that they will be able to earn an income and feed their family. The primary objective of this research is to develop an optimal or desirable inventory control policy for companies operating "for a cause." We investigate lot-sizing rules, material requirements planning (MRP) systems, and mathematical models to determine the inventory order quantity that will minimize costs while guaranteeing a steady amount of labor at a consistent interval. This study will help companies avoid cutting costs at the expense of sacrificing a person's livelihood.

ISBN: 9781321680645Subjects--Topical Terms:

526216
Industrial engineering.

Inventory Management and Control "For a Cause".
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100 1 $a Miller, John. $3 2100794
245 1 0 $a Inventory Management and Control "For a Cause".
300 $a 68 p.
500 $a Source: Masters Abstracts International, Volume: 54-04.
500 $a Adviser: John R. English.
502 $a Thesis (M.S.I.E.)--University of Arkansas, 2015.
520 $a Companies today are changing the culture of business and beginning to involve more than just labor and money in overall decisions. Just as sustainability issues and humanitarian logistics are gaining popularity, so is the idea of using business to make a difference on society in addition to making a profit. As companies position themselves across the globe to make an impact, they employ people in third-world environments that create uncertainties on both the supply and demand sides. Also, the idea of strategically planning work with the goal of minimizing costs has been replaced by companies wanting to give more work and operate with "planned inefficiencies" so that they can guarantee workers that they will be able to earn an income and feed their family. The primary objective of this research is to develop an optimal or desirable inventory control policy for companies operating "for a cause." We investigate lot-sizing rules, material requirements planning (MRP) systems, and mathematical models to determine the inventory order quantity that will minimize costs while guaranteeing a steady amount of labor at a consistent interval. This study will help companies avoid cutting costs at the expense of sacrificing a person's livelihood.
590 $a School code: 0011.
650 4 $a Industrial engineering. $3 526216
650 4 $a Operations research. $3 547123
690 $a 0546
690 $a 0796
710 2 $a University of Arkansas. $b Industrial Engineering. $3 2092247
773 0 $t Masters Abstracts International $g 54-04(E).
790 $a 0011
791 $a M.S.I.E.
792 $a 2015
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=1586442