METHOD AND APPARATUS FOR INVENTORY CONTROL OF A MANUFACTURING OR DISTRIBUTION PROCESS
Patent №
US 5,819,232
Granted
1998-10-06
Filed 1996
Owner
E.I. DU PONT DE NEMOURS AND COMPANY
Lab
—
AI components
2
planning · evo
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
08620523
A method and apparatus, using a computer model, to control a manufacturing or distribution process, which determines a demand forecast by using an optimized historical weighting factor, determines an upper and a lower bound of a planned inventory by explicitly accounting for the customer order lead time, and computes a production schedule at predetermined intervals to maintain an actual inventory between the upper and lower bounds of the planned inventory.
AI classification
Ownership
E.I. DU PONT DE NEMOURS AND COMPANY
assignment · 81000016
Assignors
SHIPMAN, LESTER LYNN
On an employer assignment, the assignors are typically the inventors.