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Research on material distribution model of iron and steel enterprise reducing cost of hot metal

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2 Author(s)
Cao Jianzhong ; Sch. of Economic & Manage., Inner Mongolia Univ. of Sci. & Technol., Baotou, China ; Lu Husheng

For a large scale iron and steel enterprise, to optimize the purchasing cost without lowering the grade is difficult. To reduce the cost of hot metal is more effective than to reduce the purchasing cost. This paper uses the material distribution model combined with production process to change the hot metal cost of each BF, and then to reduce average cost of hot metal. The calculation results based on the real production data show that the model can reduce cost of hot metal effectively.

Published in:

Management Science and Industrial Engineering (MSIE), 2011 International Conference on

Date of Conference:

8-11 Jan. 2011