Maximization of profit through optimal selection of inventory levels and production rates in pulp and paper mills

Sarimveis, H; Angelou, A; Retsina, T; Bafas, G

dc.contributor.author	Sarimveis, H	en
dc.contributor.author	Angelou, A	en
dc.contributor.author	Retsina, T	en
dc.contributor.author	Bafas, G	en
dc.date.accessioned	2014-03-01T01:19:13Z
dc.date.available	2014-03-01T01:19:13Z
dc.date.issued	2003	en
dc.identifier.issn	0734-1415	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/15390
dc.relation.uri	http://www.scopus.com/inward/record.url?eid=2-s2.0-0346968204&partnerID=40&md5=bedc55dc9a38f4d614106b2fddbdf598	en
dc.subject.classification	Materials Science, Paper & Wood	en
dc.subject.other	Inventory levels	en
dc.subject.other	Optimal management	en
dc.subject.other	Costs	en
dc.subject.other	Economic and social effects	en
dc.subject.other	Inventory control	en
dc.subject.other	Strategic planning	en
dc.subject.other	Paper and pulp mills	en
dc.subject.other	Costs	en
dc.subject.other	Economic Analysis	en
dc.subject.other	Energy Balance	en
dc.subject.other	Inventory Control	en
dc.subject.other	Materials Balance	en
dc.subject.other	Paper Mills	en
dc.subject.other	Productivity	en
dc.subject.other	Pulp Mills	en
dc.title	Maximization of profit through optimal selection of inventory levels and production rates in pulp and paper mills	en
heal.type	journalArticle	en
heal.language	English	en
heal.publicationDate	2003	en
heal.abstract	A new methodology named ""PARIS"" (Production Analysis for Rate and Inventories Strategies) can help mill managers make successful decisions in working toward the best possible operation of the mill. The objective is to maximize profits through optimal management of inventories and optimal selection of production rates. A mill-wide detailed model is first developed. Mass and energy balances, system constraints, storage capacities, and other parameters are taken into account. Optimization techniques are utilized to minimize the economical impact of scheduled shutdowns and daily disturbances that arise from unpredictable events such as machine breakdowns and changes in production demands. Application: PARIS offers a new technique to help mill managers meet production targets while minimizing costs.	en
heal.publisher	TECH ASSN PULP PAPER IND INC	en
heal.journalName	Tappi Journal	en
dc.identifier.isi	ISI:000184220400003	en
dc.identifier.volume	2	en
dc.identifier.issue	7	en
dc.identifier.spage	13	en
dc.identifier.epage	18	en