search query: @indexterm JUST-IN-TIME PRODUCTION / total: 178
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| Author: | Ocana, C. Zemel, E. |
| Title: | Learning from mistakes: a note on just-in-time system |
| Journal: | Operations Research
1996 : JAN-FEB, VOL. 44:1, p. 206-214 |
| Index terms: | OPERATIONAL RESEARCH JUST-IN-TIME PRODUCTION LEARNING |
| Language: | eng |
| Abstract: | In this paper the authors seek to reconcile two competing frameworks for INVENTORIES management, namely the classical "optimization" framework and JIT. While the first is predicted on the premise that the optimal level of INVENTORIES is obtained by balancing the costs and benefits of INVENTORIES, the latter claims that INVENTORIES is a form of waste and thus should be eliminated completely (but gradually). The authors show that some of the operational characteristics of JIT, as opposed to its rhetoric, can be obtained within the optimization framework. |
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