Optimization of an Instant Inventory Model to meet the challenges of Complex Equipment Manufacturing Industry

Today we reside in an instant world. The people demands and expects their requirements to be satisfied instantly without any delay and this pressurizes the manufacturing industries to be robust and agile. In particular the complex equipment manufacturing (CEM) industry strives hard in accomplishing the task of assembling the desired equipment due to many constraints. Complex equipment is a highly convoluted industry with a low-volume business and a large product mix. It involves complex configuration and systems as assemble of one piece of equipment requires a wide range of components. This CEM is a significant industry as it is a supplier of essential equipments to all sorts of industries. There are three prime challenges for the successful run of CEM which are briefed in this paper. The main aim of this research article is to formulate an instant deterministic inventory model to meet the hurdles of CEM. The concept of differential calculus is used for optimization of the inventory model.