Inventory and investment in setup operations under return on investment maximization

被引：12

作者：

Otake, T

Min, KJ

Chen, CK

机构：

[1] Iowa State Univ Sci & Technol, Dept Ind & Mfg Syst Engn, Ames, IA 50011 USA

[2] Tamkang Univ, Dept Business Adm, Taipei, Taiwan

来源：

COMPUTERS & OPERATIONS RESEARCH | 1999年 / 26卷 / 09期

关键词：

inventory reduction; return on investment; setup operations;

D O I：

10.1016/S0305-0548(98)00095-1

中图分类号：

TP39 [计算机的应用];

学科分类号：

081203 ; 0835 ;

摘要：

In this paper, we construct and analyze inventory and investment in setup operations policies under return on investment (ROI) maximization. The key contributing features of this paper are the establishment of an ROI model and characterization of the unique global optimal solution when there exists an option to invest in setup operations. We also show how the inventory level is reduced when it is optimal to invest additional money in setup operations and derive the unique optimal solutions in closed-form when the setup cost is a rational or linear function of the level of investment. Various interesting managerial insights are provided. (C) 1999 Elsevier Science Ltd. All rights reserved.

引用

页码：883 / 899

页数：17

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