Construction inventories and optimal policies | |
| Author | Wu, Shih-ying |
| Call Number | AIT Thesis no. ST-85-31 |
| Subject(s) | Inventory control--Mathematical models Construction industry--Inventory control |
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering, School of Engineering and Technology |
| Publisher | Asian Institute of Technology |
| Abstract | This study is directed at applying inventory models which were originally developed for operations research problems, to assist the handling of material inventory problems of an 11-strory building project in Bangkok. Two kinds of inventory models are used: one is a deterministic dynamic inventory model, the other is a probabilistic static single-period inventory model. The characteristics of an inventory system and various inventory models are detailed. To solve the associated inventory problems, the various components associated with the inventory models are, as far as possible, objectively evaluated. The optimal order and minimum inventory cost for two building materials, namely steel and formwork, are calculated. The results lead to a set of inventory policies which can be easily implemented by a decision maker. It is also believed that these results provide a rational basis for material management to give optimal inventory costs in general construction practice. |
| Year | 1985 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Structural Engineering (STE) /Former Name = Structural Engineering and Construction (ST) |
| Chairperson(s) | Carmichael, D.G. |
| Examination Committee(s) | Jearkjirm, Vithool ;Ping Kunawatsatit |
| Scholarship Donor(s) | Taiwan Power Company |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 1985 |