{"title":"JIT: the best approach after lockdown in country","authors":"Satbir Singh, Akshika Rastogi, S. Singhal","doi":"10.1504/IJSOI.2021.10035882","DOIUrl":null,"url":null,"abstract":": After the lockdown it is not easy to get into the previous position. All producers need to change their working method as there is no production during the whole period and to deal with such a huge mass is not an easy task. As the production is stopped during the lockdown. When lockdown is open, inventory will be almost finished. The demand of economy falls so rapidly that there is a requirement to adopt such technique that can be used to cope up with such situation and raise an economy. Just in Time (JIT) is such a technique used in inventory that is not only cost saving but also time saving. In this paper, a mathematical model of JIT is introduced and an example with numerical is applied. Certain methods ought to adopt to implement JIT to raise an economy of the country.","PeriodicalId":35046,"journal":{"name":"International Journal of Services Operations and Informatics","volume":"1 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Services Operations and Informatics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1504/IJSOI.2021.10035882","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Business, Management and Accounting","Score":null,"Total":0}
引用次数: 0
Abstract
: After the lockdown it is not easy to get into the previous position. All producers need to change their working method as there is no production during the whole period and to deal with such a huge mass is not an easy task. As the production is stopped during the lockdown. When lockdown is open, inventory will be almost finished. The demand of economy falls so rapidly that there is a requirement to adopt such technique that can be used to cope up with such situation and raise an economy. Just in Time (JIT) is such a technique used in inventory that is not only cost saving but also time saving. In this paper, a mathematical model of JIT is introduced and an example with numerical is applied. Certain methods ought to adopt to implement JIT to raise an economy of the country.
期刊介绍:
The advances in distributed computing and networks make it possible to link people, heterogeneous service providers and physically isolated services efficiently and cost-effectively. As the economic dynamics and the complexity of service operations continue to increase, it becomes a critical challenge to leverage information technology in achieving world-class quality and productivity in the production and delivery of physical goods and services. The IJSOI, a fully refereed journal, provides the primary forum for both academic and industry researchers and practitioners to propose and foster discussion on state-of-the-art research and development in the areas of service operations and the role of informatics towards improving their efficiency and competitiveness.