Department Ritsumeikan Asia Pacific University College of International Management Position Professor
|Inventory and investment in set up and quality operations under return on investment maximization
|European Journal of Operational Research
|Volume, Issue, Page
|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.