REVIEW ARTICLE
Cost Control of Material Substitution in Steel Enterprise
Ya-Jun Wang*, Hui-Jie Yan, Zhang-Xuan Yin, Hao Zhang, Shi-Qi Wang
School of Mechanical Engineering of Dalian Polytechnic University, Dalian, 116034, China
Article Information
Identifiers and Pagination:
Year: 2015Volume: 9
First Page: 837
Last Page: 845
Publisher Id: TOMEJ-9-837
DOI: 10.2174/1874155X01509010837
Article History:
Received Date: 17/02/2014Revision Received Date: 21/03/2015
Acceptance Date: 09/06/2015
Electronic publication date: 7/10/2015
Collection year: 2015
© 2015 Wang et al
open-access license: This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International Public License (CC-BY 4.0), a copy of which is available at: (https://creativecommons.org/licenses/by/4.0/legalcode). This license permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
open-access license: This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International Public License (CC-BY 4.0), a copy of which is available at: (https://creativecommons.org/licenses/by/4.0/legalcode). This license permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Abstract
For dealing with cost control problems of material substitution in steel production process in make-to-order steel enterprise, we established the substitution rules of material substitution and built up the cost optimized controlling model for material substitution. The objective function of this model was to minimize the total cost of both stock and task lateness. We made use of Operations Research and Genetic Algorithm to solve this model. Finally, we also conducted the application research for the model and algorithm, and its promising future was revealed.
Keywords: Cost control, material substitution, make to order, material substitution, steel enterprise.
