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OTAKE Toshitsugu
Department Ritsumeikan Asia Pacific University College of International Management Position Professor |
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| Language | English |
| Publication Date | 2008/04 |
| Type | Research paper |
| Peer Review | Peer reviewed |
| Title | Inventory and investment in set up and quality operations under return on investment maximization |
| Contribution Type | Joint Work |
| Journal | European Journal of Operational Research |
| Journal Type | Another Country |
| Volume, Issue, Page | (185),pp.593-605 |
| Details | In this article, we are trying to construct and analyze a Return On Investment (ROI) maximization model for inventory and capital investment in setup and quality operations under an investment budget constraint. Furthermore, we show the conditions of inventory reduction and the determination of the unique global optimal solution. We also investigate methodology to solve the global optimal solution for non-convex and non-linear programming problems by using the technology of the operations research, and we conclude the Reformulation-Linearization Technique (RLT) is superior to conventional Cut Across the Board Rule in our model frame. |