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| Author: | Denton, B. Gupta, D. Jawahir, K. |
| Title: | Managing increasing product variety at integrated steel mills |
| Journal: | Interfaces
2003 : MAR-APR, VOL. 33:2, p. 41-53 |
| Index terms: | Mining industry Metals industry Inventory control Applications development |
| Language: | eng |
| Abstract: | To improve responsiveness, some ISMs are shifting from a pure make-to-order system toward a hybrid make-to-stock. They can then match certain customer orders to exisiting semifinished inventory, thereby reducing the time it takes to fill those orders. However, choosing which semifinished products to make to stock and how to manage their inventory are difficult problems. The authors developed an optimization model that one ISM implemented as a decision-support tool for choosing the designs of made-for-stock (MFS) slabs. Use of the model has reduced the number of MFS slab designs and increased the proportion of orders covered by those designs. |
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