@article{(Open Science Index):https://publications.waset.org/pdf/9997803, title = {A Novel Model for Simultaneously Minimising Costs and Risks in Just-in-Time Systems Using Multi-Backup Suppliers: Part 2- Results}, author = {Faraj El Dabee and Romeo Marian and Yousef Amer}, country = {}, institution = {}, abstract = {This paper implements the inventory model developed in the first part of this paper in a simplified problem to simultaneously reduce costs and risks in JIT systems. This model is developed to ascertain an optimal ordering strategy for procuring raw materials by using regular multi-external and local backup suppliers to reduce the total cost of the products, and at the same time to reduce the risks arising from this cost reduction within production systems. A comparison between the cost of using the JIT system and using the proposed inventory model shows the superiority of the use of the inventory model. }, journal = {International Journal of Industrial and Manufacturing Engineering}, volume = {7}, number = {2}, year = {2013}, pages = {346 - 353}, ee = {https://publications.waset.org/pdf/9997803}, url = {https://publications.waset.org/vol/74}, bibsource = {https://publications.waset.org/}, issn = {eISSN: 1307-6892}, publisher = {World Academy of Science, Engineering and Technology}, index = {Open Science Index 74, 2013}, }