A HEURISTIC PROCEDURE FOR DETERMINING IN-PROCESS INVENTORIES.

Most prior studies that examine in-process inventory requirements associated with a manufacturing facility employ an optimizing algorithm; this article proposes a heuristic procedure for determining such requirements. A procedure is given for determining "active" and "banked" work-in-process requirements. The two are combined to give total in-process requirements. A key factor presented in the paper is the relationship between in-process inventory requirements and the "balancing" of a production facility. Most prior researchers examine these problems independently. It will be shown that both problems can be resolved concurrently. The concepts are applicable to both an existing as well as a new manufacturing facility. [ABSTRACT FROM AUTHOR]