Recent Developments in MRP Theory - and Future Opportunities
2009 (English)In: PROCEEDINGS OF THE 10TH INTERNATIONAL SYMPOSIUM ON OPERATIONAL RESEARCH SOR 09 / [ed] Stirn, LZ; Zerovnik, J; Drobne, S; Lisec, A, Ljubljana, Slovenia: Slovenian Society Informatika, Section for Operational Research , 2009, 23-24 p.Conference paper (Refereed)
Material Requirements Theory (MRP Theory) combines the use of Input-Output Analysis and Laplace transforms, enabling the development of a theoretical background for multi-level, multi-stage production-inventory systems together with their economic evaluation, in particular applying the Net Present Value (NPV) principle. The time scale may be continuous ("bucketless" in MRP terminology) or discrete. Since the average cost measure may be viewed as an approximation of NPV, the theory may be applied to cases, when average costs are preferred as the objective function.
Place, publisher, year, edition, pages
Ljubljana, Slovenia: Slovenian Society Informatika, Section for Operational Research , 2009. 23-24 p.
Material requirements planning, MRP, Laplace transform, input output analysis, net present value
Engineering and Technology
IdentifiersURN: urn:nbn:se:liu:diva-61204ISI: 000282765900003ISBN: 978-961-6165-30-3OAI: oai:DiVA.org:liu-61204DiVA: diva2:360872
10th International Symposium on Operational Research, Nova Gorica, Slovenia, 23-25 September 2009