Open AccessEXCHANGE CURVE-BASED INVENTORY POLICY ANALYSIS OF NON-REUSABLE INDUSTRIAL PACKAGING IN PRODUCTION
Author(s) -
Ágota Bányainé Tóth
Publication year - 2021
Publication title -
journal of production engineering
Language(s) - English
Resource type - Journals
eISSN - 2956-2252
pISSN - 1821-4932
DOI - 10.24867/jpe-2021-01-043
Subject(s) - production (economics) , order (exchange) , reliability (semiconductor) , investment (military) , quality (philosophy) , macro , frame (networking) , computer science , operations research , environmental economics , business , economics , engineering , microeconomics , finance , telecommunications , power (physics) , philosophy , physics , programming language , epistemology , quantum mechanics , politics , political science , law
The well-chosen inventory policy has a great impact on the performance of production and logistics processes, because it can influence not only the reliability, the cost efficiency, and the sustainability of the processes and resources, but packaging system can force the quality of products and processes. Within the frame of this article an exchange curve-based analysis method of packaging related inventory policy is described. This analysis method makes it possible to highlight the problems in inventory policy and find an improve solution in both macro- and micro-level. The computation method is based on the exchange of annual order cost and average inventory investment, especially in the case of economic order quantity-based packaging order policies.