Manufacturing Parameters and Entrepreneurship: Space Consideration

191 Pages·2021·8.473 MB·English

by  Sanjay Sharma

Manufacturing Parameters
and Entrepreneurship

Manufacturing Parameters
and Entrepreneurship
Space Consideration
Sanjay Sharma
First edition published 2021
by CRC Press
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Contents
Preface......................................................................................................................vii
About the Author ......................................................................................................ix
Chapter 1 Introduction ..........................................................................................1
1.1 Manufacturing Space.................................................................2
1.1.1 Raw Material/Input Material .......................................3
1.1.2 Work-in-Process Inventory ...........................................3
1.1.3 Final Product/Assembly ...............................................4
1.2 Manufacturing Quality ..............................................................6
1.2.1 Quality Consideration ..................................................6
1.2.2 Outcomes Concerning Quality .....................................7
1.2.3 Occupied Space .......................................................... 11
1.3 Production Backorders ............................................................12
1.3.1 Suitable Approach ......................................................12
1.3.2 Specifc Inclusion ....................................................... 13
Chapter 2 Space Consideration ...........................................................................15
2.1 Conceptualization .................................................................... 15
2.1.1 Assumptions ...............................................................15
2.1.2 Intermediate Space ..................................................... 17
2.2 Formulation ............................................................................. 17
2.2.1 Manufacturing Cycle .................................................. 18
2.2.2 Representation for Temporary Storage. ...................... 21
2.3 Analysis ...................................................................................23
Chapter 3 Quality Aspects ..................................................................................43
3.1 Basic Understanding ................................................................ 43
3.1.1 Manufacturing Cycle with Quality Criterion .............44
3.2 Mathematical Treatment ..........................................................45
3.2.1 Variation of Maximum Production-Inventory
Level ........................................................................... 47
3.2.2 Percentage Reduction in Maximum Inventory
Level ...........................................................................48
3.2.3 Percentage Increase in Maximum Inventory
Level ...........................................................................49
3.3 Examples and Generalization .................................................. 51
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vi Contents
Chapter 4 Backorders ..........................................................................................83
4.1 Maximum Inventory Level ......................................................83
4.1.1 Increase in Maximum Inventory Level ......................89
4.1.2 Reduction in Maximum Inventory Level ...................90
4.2 Entrepreneurial Application ....................................................97
4.3 Quality Inclusion ................................................................... 118
4.3.1 Quality Inclusion along with Backorders ................. 118
4.3.2 Total Related Cost ....................................................120
4.3.3 Variation of Inventory with Respect to the
Quality Level ............................................................ 122
Chapter 5 Conclusion ........................................................................................ 133
5.1 Useful Results ........................................................................ 133
5.1.1 In the Context of Space Consideration ..................... 133
5.2 Innovation Efforts .................................................................. 135
5.2.1 Manufacture of Innovative Item along
with Regular Product................................................ 136
5.2.2 Handling Innovative Item Independently ................. 143
5.3 Future Scope .......................................................................... 147
Advanced Reading I ............................................................................................. 153
Advanced Reading II ........................................................................................... 163
Index ...................................................................................................................... 179
Preface
Entrepreneurship has many facets including commercial and technical aspects,
among others. Manufacturing entrepreneurship may specifcally relate to the produc-
tion or manufacturing of items. After conceptualizing a product or an item, suitable
space is needed for an arrangement of facilities and storage. While manufacturing
at the available space, quality aspects need to be considered along with the produc-
tion backorders. This book is concerned with manufacturing entrepreneurship while
taking into consideration various factors/parameters and space requirement. Success
in the context of manufacturing entrepreneurship lies in knowing the operational
factors and their challenge in the real world. The concepts generated are useful for
the new production setup as well as for a running organization. After the start of a
company, manufacturing entrepreneurship has to deal with uncertainties in which
an operational factor or manufacturing parameter can change. Under such a sce-
nario, a suitable response is necessary to obtain the overall benefcial manufacturing
environment or to make it feasible. This is also helpful in facilitating the change/
disturbance or minimizing its ill effects. The present book is especially concerned
with manufacturing entrepreneurship in the context of space consideration.
Dr. Sanjay Sharma
National Institute of Industrial Engineering
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About the Author
Dr. Sanjay Sharma is Professor at National Institute of Industrial Engineering
(NITIE), Mumbai, India. He is an operations and supply chain management educator
and researcher. He has more than three decades of experience in industrial, manage-
rial, teaching/training, consultancy, and research; he also has many awards/honors
to his credit. He has published six books and papers in various journals such as The
European Journal of Operational Research, International Journal of Production
Economics, Computers & Operations Research, International Journal of Advanced
Manufacturing Technology, Journal of the Operational Research Society, and
Computers and Industrial Engineering. Sharma is also a reviewer for several inter-
national journals, and is also on the editorial board of a few journals, including the
International Journal of Logistics Management (an ‘A’ rating Emerald Journal).
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