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Cost Bounds for Inventory Systems Approaching JIT

Mark Goh (University of South Australia and National University of Singapore)
Sin Hoon Hum (National University of Singapore)

International Journal of Operations & Production Management

ISSN: 0144-3577

Publication date: 1 August 1991

Abstract

The literature on the close to just‐in‐time (JIT) problems of conditions already exists. However, most of it is descriptive and does not quantify cost savings derivable as one moves from the Economic Order Quantity (EOQ) scenario to one that is governed or nearly governed by zero inventory philosophy. This article seeks to establish cost bounds on inventory held under close to JIT conditions for the single item inventory.

Keywords

Citation

Goh, M. and Hoon Hum, S. (1991), "Cost Bounds for Inventory Systems Approaching JIT", International Journal of Operations & Production Management, Vol. 11 No. 8, pp. 59-63. https://doi.org/10.1108/EUM0000000001281

Publisher

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MCB UP Ltd

Copyright © 1991, MCB UP Limited