A Cost-Based Allocation of Inspection Efforts in Quality Control of a Multistage Assembly Line: A Case Study of an Electronics Assembly Line

Firms within the electronics manufacturing industry is often a high-volume high-mix product manufacturing industry. This study presents a cost-based allocation of inspection efforts in quality control of a sequential multi-stage electronic assembly line, considering all relevant costs and proposes the optimum inspection strategy. A dynamic sampling plan is incorporated in the model to maintain the desired quality levels. Monte-Carlo simulation is used to obtain the solution of this complex model. The model is created based on an actual electronics packaging company. This approach provides the ability to minimize the costs and does not sacrifice the quality of the products. The input factors that significantly affect the costs are identified so that they can be optimized for performance improvement and decision-making

Analysis of a Vendor Managed Consignment Inventory System with Kan-ban Withdrawals and Payment Delays

Vendor Managed Inventory (VMI) System with Consignment Inventory (CI) policy is a solution for many supply chain leaders in a highly competitive market. In this paper, totally eight different inventory supply chain models are studied. The profit function of supplier and manufacturer in different environments are compared in order to show the profitability of the overall supply chain management system in a manufacturing industry with different time horizons. The inventory systems are applied on a supply chain consisting of a single supplier and a manufacturer. The main focus of this study is to analyze the effect of payment deferral and the time value of money in push and pull (Kanban) manufacturing systems when VMI-CI policy is applied

DEVELOPMENT OF FLEXIBLE SIMULATION MODELS OF PRODUCTION SYSTEMS ON THE WORLD WIDE WEB

b