Method and apparatus for inventory control of a manufacturing or

Details Method and apparatus for inventory control of a manufacturing or Method and apparatus for inventory control of a manufacturing or

1996-03-22

1998-10-06

McElheny, Jr., Donald E.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Health care management

705 22, G06F15300

Patent

active

058192328

ABSTRACT:
A method and apparatus, using a computer model, to control a manufacturing or distribution process, which determines a demand forecast by using an optimized historical weighting factor, determines an upper and a lower bound of a planned inventory by explicitly accounting for the customer order lead time, and computes a production schedule at predetermined intervals to maintain an actual inventory between the upper and lower bounds of the planned inventory.

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Neena Sathi et al., "Resource Configuration and Allocation", IEEE Expert Magazine, 04/92, vol. 7, Iss. 2, pp. 26-35. Apr. 1992.
Edward A. Silver and Rein Peterson, Decision Systems for Inventory Management and Production Planning, John Wiley & Sons, 61-67; 88-96; 102-127; 130-133; 252-253; 296-298.

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