Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Statistical analysis leads to working-capital reductions
AU - Cleary, Tom
AU - Sleight, Allan
AU - Jonathan, Philip
AU - Blackhurst, Paul
AU - den Heijer, Kees
PY - 2001
Y1 - 2001
N2 - A statistical approach was adopted to analyze scheduling, stock management and process optimization within general manufacturing processes. The approach applicable to nonstationary tankage optimized run lengths and product quality for multimode and batch processes. Studies carried out on Stanlow refinery identified significant improvements in stock handling efficiency by the reduction of stock levels and storage facilities.
AB - A statistical approach was adopted to analyze scheduling, stock management and process optimization within general manufacturing processes. The approach applicable to nonstationary tankage optimized run lengths and product quality for multimode and batch processes. Studies carried out on Stanlow refinery identified significant improvements in stock handling efficiency by the reduction of stock levels and storage facilities.
KW - Costs
KW - Inventory control
KW - Production control
KW - Quality control
KW - Scheduling
KW - Statistical methods
KW - Stock management
KW - Petroleum refineries
M3 - Journal article
VL - 99
SP - 52
EP - 54
JO - Oil and Gas Journal
JF - Oil and Gas Journal
SN - 0030-1388
IS - 4
ER -