Using Matlab to Compute the Break-even Point in Supply Chain Management

Author

Wu, Min

Author_Institution

Chongqing Jiao Tong Univ., Chongqing

fYear

2007

fDate

9-11 June 2007

Firstpage

1

Lastpage

6

Abstract

Materials can be purchased either in economic order quantity (EOQ) fashion or Just-in-time (JIT) fashion. When all the companies purchase their materials in JIT fashion from its up-stream material suppliers, a supply chain is formed. Many companies that still use the economic order quantity (EOQ) purchasing system are meditating whether they should switch to the just-in-time (JIT) purchasing policy. The decision is difficult, particularly when price discount and complicated calculation are involved. The objective of this paper is to compute the EOQ-JIT cost indifference point by deploying Matlab. A case study from the ready-mixed concrete industry in Singapore is provided.

Keywords

cement industry; just-in-time; mathematics computing; purchasing; supply chain management; EOQ purchasing system; JIT purchasing policy; Singapore; break-even point; economic order quantity; just-in-time; price discount; ready-mixed concrete industry; supply chain management; up-stream material suppliers; Cement industry; Concrete; Cost function; Mathematical model; Personnel; Raw materials; Remuneration; Supply chain management; Supply chains; Switches; Discount; Matlab; Supply chain; break-even point;

fLanguage

English

Publisher

ieee

Conference_Titel

Service Systems and Service Management, 2007 International Conference on

Conference_Location

Chengdu

Print_ISBN

1-4244-0885-7

Electronic_ISBN

1-4244-0885-7

Type

conf

DOI

10.1109/ICSSSM.2007.4280257

Filename

4280257