AN ALTERNATIVE AGENT APPROACH FOR MANAGING MATERIALS PURCHASING

摘要：

The existing agent based inventory management approaches are heavily skewed toward just-in-time (JIT) purchasing. Specifically, a model for comparing the inventory costs of purchasing under the economic order quantity (EOQ) system and the JIT order purchasing system in existing literature concluded that JIT purchasing was virtually always the preferable inventory ordering system especially at high level of annual demand. This paper develops an EOQ-JIT cost indifference point function. The function shows that it is possible for the EOQ system to be more cost effective than the JIT system once the inventory demand approaches the EOQ-JIT cost indifference point. Based on the function, an alternative agent based inventory management system is developed. A case study demonstrates how the equation affects the purchasing approach of a material.

关键词： Intelligent agent materials purchasing approach

作者: Min Wu

作者单位: School of Management, Chongqing Qiao Tong University, Xuefu Rd No.66, Nanan District, Chongqing, China, 400074

会议类型: 国际会议

会议名称: 第三届IEEE无线通讯、网络技术暨移动计算国际会议

会议地点: 上海

会议语种:英文

在线出版日期: 2007-09-21（万方平台首次上网日期，不代表论文的发表时间）