17-01-2013, 01:10 PM
GENERATION OF INTEGRATED PRODUCTION INVENTORY DISTRIBUTION MODEL FOR RUBBER RETHREADING INDUSTRY MIDAS AND ITS OPTIMIZATION
ABSTRACT
Inventory distributions currently at tyre rethread industry Midas Kottayam has been analysed and have been found to have several shortcomings. It was found that there has been an opportunity to improve the model of inventory distribution employed there. Model generated has been found to improve the cost incurred in terms of distribution of inventory. Branch and bound algorithm in integer programming technique has been used to solve the model. To computationally simulate the model software lingo has been used. Computational times have been found to be satisfactory. The objective was to minimize cost of distribution of finished product and it was attained. Comparison between the old model and new model was done and the benefits of the new model were also done.