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IIE Transactions Volume 20, 1988 - Issue 3
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Original Articles

Justifying New Technology Acquisition Through its Impact on the Cost of Running an Inventory Policy

GERALD KELLER School of Business and Economics Wilfrid Laurier University, Waterloo, Ontario, N2L 3C5, Canada
&
HAMID NOORI School of Business and Economics Wilfrid Laurier University, Waterloo, Ontario, N2L 3C5, Canada
Pages 284-291 | Received 01 Dec 1986, Published online: 30 May 2007

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S. Sarkar & B. C. Giri. (2020) Stochastic supply chain model with imperfect production and controllable defective rate. International Journal of Systems Science: Operations & Logistics 7:2, pages 133-146.
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B. C. Giri & S. Sharma. (2017) Integrated model for an imperfect production-inventory system with a generalised shipment policy, errors in quality inspection and ordering cost reduction. International Journal of Systems Science: Operations & Logistics 4:3, pages 260-274.
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Kuo-Lung Hou. (2005) Economic production cycles and setup reduction in an imperfect production system. Journal of Statistics and Management Systems 8:2, pages 331-341.
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K.-L. Hou & L.-C. Lin. (2004) Optimal production run length and capital investment in quality improvement with an imperfect production process. International Journal of Systems Science 35:2, pages 133-137.
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Shu-Lu Hsu. (2004) Ordering cost reductions in joint inventory systems with time discounted. Journal of Information and Optimization Sciences 25:1, pages 63-75.
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Liang-Yuh Ouyang & Hung-Chi Chang. (2002) Lot size reorder point inventory model with controllable lead time and set-up cost. International Journal of Systems Science 33:8, pages 635-642.
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JAE-DONG HONG. (1995) The effects of manufacturing lead time and process quality in a multi-process production system. Production Planning & Control 6:4, pages 311-319.
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CHANG SUP SUNG & WOON SIK LEE. (1995) SETUP COST REDUCTION IN A DYNAMIC LOT SIZE MODEL WITH MULTIPLE FINITE PRODUCTION RATES. Engineering Optimization 24:1, pages 19-37.
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JAE-DONG HONG. (1994) Effects of WIP inventories on integrated production lot sizing in cellular manufacturing. International Journal of Production Research 32:5, pages 1001-1012.
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JAE-DONG HONG, S. H. XU & J. C. HAYYA. (1993) Process quality improvement and setup reduction in dynamic lot-sizing. International Journal of Production Research 31:11, pages 2693-2708.
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YOUNGK. SON. (1992) A Comprehensive Bibliography on Justification of Advanced Manufacturing Technologies. The Engineering Economist 38:1, pages 59-71.
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M. SINAN KAYALlGIL. (1990) Part-mix allocation between automated and conventional manufacturing. International Journal of Production Research 28:10, pages 1847-1859.
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Articles from other publishers (29)

Emre Berk, Onurcan Ayas & M. Ali Ülkü. (2023) Optimizing Process-Improvement Efforts for Supply Chain Operations under Disruptions: New Structural Results. Sustainability 15:17, pages 13117.
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Shaktipada Bhuniya, Sarla Pareek & Biswajit Sarkar. (2021) A supply chain model with service level constraints and strategies under uncertainty. Alexandria Engineering Journal 60:6, pages 6035-6052.
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S. Sarkar & B. C. Giri. (2018) A vendor–buyer integrated inventory system with variable lead time and uncertain market demand. Operational Research 20:1, pages 491-515.
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Sunil Tiwari, Shib Sankar Sana & Sumon Sarkar. (2017) Joint economic lot sizing model with stochastic demand and controllable lead-time by reducing ordering cost and setup cost. Revista de la Real Academia de Ciencias Exactas, Físicas y Naturales. Serie A. Matemáticas 112:4, pages 1075-1099.
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M. Vijayashree & R. Uthayakumar. (2017) A single-vendor and a single-buyer integrated inventory model with ordering cost reduction dependent on lead time. Journal of Industrial Engineering International 13:3, pages 393-416.
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Biswajit Sarkar, Arunava Majumder, Mitali Sarkar, Bikash Koli Dey & Gargi Roy. (2017) Two-echelon supply chain model with manufacturing quality improvement and setup cost reduction. Journal of Industrial & Management Optimization 13:2, pages 1085-1104.
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Rustem Baris Yesilay, Ilker Murat Ar & Serdal Temel. (2015) The Relationship Between Direct Government Support for R&D and Patents in Emerging Economies: A Turkish Case Study. International Journal of Innovation and Technology Management 12:05, pages 1550021.
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Asieh Varyani, Amir Jalilvand-Nejad & Parviz Fattahi. (2014) Determining the optimum production quantity in three-echelon production system with stochastic demand. The International Journal of Advanced Manufacturing Technology 72:1-4, pages 119-133.
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W. L. Pearn, R. H. Su, M. W. Weng & C. H. Hsu. (2010) Optimal production run time for two-stage production system with imperfect processes and allowable shortages. Central European Journal of Operations Research 19:4, pages 533-545.
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Guido Voigt & Karl Inderfurth. (2009) Supply chain coordination and setup cost reduction in case of asymmetric information. OR Spectrum 33:1, pages 99-122.
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Guido VoigtGuido Voigt. 2011. Supply Chain Coordination in Case of Asymmetric Information. Supply Chain Coordination in Case of Asymmetric Information 45 66 .
Yu-Jen Lin. (2009) An integrated vendor–buyer inventory model with backorder price discount and effective investment to reduce ordering cost. Computers & Industrial Engineering 56:4, pages 1597-1606.
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Kuo-Lung Hou. (2007) An EPQ model with setup cost and process quality as functions of capital expenditure. Applied Mathematical Modelling 31:1, pages 10-17.
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Hung-Chi Chang, Liang-Yuh Ouyang, Kun-Shan Wu & Chia-Huei Ho. (2006) Integrated vendor–buyer cooperative inventory models with controllable lead time and ordering cost reduction. European Journal of Operational Research 170:2, pages 481-495.
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Liang-Yuh Ouyang, Cheng-Kang Chen & Hung-Chi Chang. (2002) Quality improvement, setup cost and lead-time reductions in lot size reorder point models with an imperfect production process. Computers & Operations Research 29:12, pages 1701-1717.
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CHUNG‐LUN LI, STEVEN J. ERLEBACHER & DEAN H. KROPP. (2009) INVESTMENT IN SETUP COST, LEAD TIME, AND DEMAND PREDICTABILITY IMPROVEMENT IN THE EOQ MODEL. Production and Operations Management 6:4, pages 341-351.
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Jae-Dong Hong. (1997) Optimal production cycles, procurement schedules, and joint investment in an imperfect production system. European Journal of Operational Research 100:3, pages 413-428.
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Antonio Batocchio & Shahrukh Adi Irani. (1996) Design of manufacturing cells: strategy, software and performance measurement. Gestão & Produção 3:3, pages 248-261.
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Jae-Dong Hong, Seung-Lae Kim & Jack C. Hayya. (1996) Dynamic setup reduction in production lot sizing with nonconstant deterministic demand. European Journal of Operational Research 90:1, pages 182-196.
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Moustapha Diaby. (1995) Optimal setup time reduction for a single product with dynamic demands. European Journal of Operational Research 85:3, pages 532-540.
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Jae-Dong Hong & Jack C. Hayya. (1995) Joint investment in quality improvement and setup reduction. Computers & Operations Research 22:6, pages 567-574.
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Philip J. Lederer & Vinod R. Singhal. (1994) The effect of financing decisions on the choice of manufacturing technologies. International Journal of Flexible Manufacturing Systems 6:4, pages 333-360.
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Michael Corbey & Rutger Jansen. (1993) The economic lot size and relevant costs. International Journal of Production Economics 30-31, pages 519-530.
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Jae-Dong Hong & Jack C. Hayya. (1993) Dynamic lot sizing with setup reduction. Computers & Industrial Engineering 24:2, pages 209-218.
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Jae-Dong Hong & Jack C. Hayya. (1992) An (s,Q) policy with setup reduction in a single-stage batch manufacturing system. Computers & Operations Research 19:1, pages 9-19.
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M. Jeya Chandra & Catherine M. Harmonosky. 1992. Economics of Advanced Manufacturing Systems. Economics of Advanced Manufacturing Systems 113 125 .
Yigal Gerchak & Mahmut Parlar. (1991) Investing in reducing lead-time randomness in continuous-review inventory models. Engineering Costs and Production Economics 21:2, pages 191-197.
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Vinod R. Singhal & Amitabh S. Raturi. (1990) The effect of inventory decisions and parameters on the opportunity cost of capital. Journal of Operations Management 9:3, pages 406-420.
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David F. Rogers. 1989. Cost Analysis Applications of Economics and Operations Research. Cost Analysis Applications of Economics and Operations Research 298 310 .

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