Inventory Reduction Using Analytic Hierarchy Process in an Automotive Industry
Journal Title: International Journal for Research in Applied Science and Engineering Technology (IJRASET) - Year 2016, Vol 4, Issue 11
Abstract
The main objective of this paper is to present about a model which was developed for finding the total inventory cost for a leading two wheeler manufacturer in south India. The model was developed using basic Economic Order Quantity (EOQ) model. The data for past five years were collected from the industry and a program was developed using Visual Basic to make use of least square method to generate Total Inventory Cost (TIC) for every year for the company using Least Square method. Various lean tools have been applied in order to reduce Total Inventory Cost (TIC) where Analytic Hierarchy Process (AHP) has been used, the details of which are presented in this paper.
Authors and Affiliations
S. Muniappan
Keywords
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