NDLI: Comparison of optimal calculation of inventories

Content Provider	IEEE Xplore Digital Library
Author	Sarjono, H. Aryanto, R.
Copyright Year	2014
Description	Author affiliation: Sch. of Bus. Manage., Bina Nusantara Univ., Jakarta, Indonesia (Sarjono, H.; Aryanto, R.)
Abstract	The purpose of this study is to determine and find out the amount of optimal inventories with EOQ approach method (Economic Order Quantity), EOI (Economid Order Interval), Min-Max (Minimum-Maximum Inventory), and other calculations according to company policy. The object of this research is Rajalu Ltd., a private company that engaged in melting aluminum and is located in Gresik city, Surabaya, Indonesia. The raw material used is aluminum scrap, which is obtained from the purchase of foreign imports and local purchases in the country. The research method used was a descriptive study where data collection is collected, analyzed, processed and then interpreted so it can find out what the problem is and can give you an idea of the problem solving while the data types are quantitative and qualitative. The data collected for this research are the data of the needs of raw material (Kg) and supplies (Kg) from 2007 to 2012. The four method calculations, three method of calculations according to EOQ, EOI and Min-Max and the calculations according to company policy, apparently the result is obtained from comparison between 6 item, 2 item is ordering frequency (38 times) and inventory costs (IDR 99.891.213) is the most minimal calculations of EOI method while the other four items is relatively comparable.
Starting Page	90
Ending Page	93
File Size	325623
Page Count	4
File Format	PDF
e-ISBN	9781479937042
DOI	10.1109/ISTMET.2014.6936484
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2014-05-27
Publisher Place	Indonesia
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Economics Time-frequency analysis Inventory Control Aluminum Companies Educational institutions Raw materials Raw material Company policy Economic Order Quantity (EOQ) Minimum-Maximum Inventory (Min-Max) Safety Economic Order Interval (EOI)
Content Type	Text
Resource Type	Article

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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