OTAKE Toshitsugu
   Department   Ritsumeikan Asia Pacific University  College of International Management
   Position   Professor
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 TypeAnother 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.