Abstract ▼ AI-Helper

In this paper, We have programmed the integrated inventory cost model which was developed in consideration of the constraints such as re-order point of tool, re-order quantity, and machining economy. And then, we analysed the results by applying the tool life causing the tool demand to the Weibull d...

In this paper, We have programmed the integrated inventory cost model which was developed in consideration of the constraints such as re-order point of tool, re-order quantity, and machining economy. And then, we analysed the results by applying the tool life causing the tool demand to the Weibull distribution as well as to the exponential distribution. After we have utilized the distribution of the tool life and computed the average quantity of consumption of tools a year under the given conditions, we have concluded that 5960 we annual tool requirement when they make the maximum profit. Since this result comes from modeling an exponential and Weibull distribution under the assumption that the average is close th 6000. We can apply this experimental model to other cost factors. The Programmed tool inventory Policy is examined under the assumption that a kind of tool will be equipped on various machines in establishing the optimal tool inventory policy. On the real industry place, it is necessary to establish the tool inventory policy for a number of tools which are used in dealing with various kinds of machines, but a Proper model has not been made. Above all, a study on two different sets of tools is necessary in order to make a practical model.

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