Title :
Study of inventory strategies for recyclable parts of aviation material with limited inventory capacity
Author :
Chunxun, Xie ; Hongguang, Yao
Author_Institution :
Shanghai Univ. of Sci. & Technol.
Abstract :
Aviation recyclable parts account for 70%-80% of the aviation material inventory fund, and they has been viewed as an emphasis of the aviation material management before. Because mostly the former study of recyclable parts of aviation material ignore the real inventory capacity of the warehouse, it failed to comprehensively reflect the real condition of the aviation material management of the airline´s recyclable parts. Focus on this problem, this article discusses the issue that how to best confirm order quantity of the aviation recyclable parts with limited inventory capacity and a relevant mathematic model is also set up to minimize total cost of the airline´s inventory
Keywords :
aerospace materials; cost reduction; inventory management; recycling; travel industry; warehousing; airline recyclable parts; aviation material management; cost reduction; inventory strategies; warehouse; Aerospace materials; Aerospace safety; Costs; Economic forecasting; Inventory management; Investments; Logistics; Mathematical model; Mathematics; Weather forecasting; limited inventory capacity; order quantity; recyclable parts of aviation material;
Conference_Titel :
Service Operations and Logistics, and Informatics, 2006. SOLI '06. IEEE International Conference on
Conference_Location :
Shanghai
Print_ISBN :
1-4244-0317-0
Electronic_ISBN :
1-4244-0318-9
DOI :
10.1109/SOLI.2006.329038