Supply Chain Inventories of Engineered Shipping Containers
Author(s) -
David A. Field,
Dennis E. Blumenfeld
Publication year - 2016
Publication title -
international journal of manufacturing engineering
Language(s) - English
Resource type - Journals
eISSN - 2356-7023
pISSN - 2314-5781
DOI - 10.1155/2016/2021395
Subject(s) - supply chain , safety stock , stock (firearms) , investment (military) , production (economics) , computer science , business , operations management , operations research , risk analysis (engineering) , engineering , marketing , economics , mechanical engineering , microeconomics , politics , political science , law
Manufacturing operations that assemble parts often receive components in expensive highly engineered shipping containers. As these containers circulate among suppliers, assembly operations, and logistic providers, they require inspections and repairs. This paper presents mathematical models that predict the number of available containers as functions of damage, repair times, and scheduled daily production. The models allow making complex decisions with a few basic parameters. Results not only show a minimal investment in the number of containers and safety stock but also quantify the dependence on damage rates and repair times for ordering additional containers
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