Paper Title:
An Approach to Raw Material Cost Control Model in Iron and Steel Industry
  Abstract

Raw material cost control is becoming an important aspect in the steel enterprise’s cost management, as the raw material cost occupies a large proportion in the cost of product. Therefore, the raw material cost control model which ensures the minimum raw material cost with the qualified contents of chemical ingredients in the product is established. The arithmetic based on Lagrange multipliers is proposed to solve the described model. The model verification provides great support for reducing the cost and configuring resources optimally.

  Info
Periodical
Advanced Materials Research (Volumes 287-290)
Chapter
New Functional Materials
Edited by
Jinglong Bu, Pengcheng Wang, Liqun Ai, Xiaoming Sang, Yungang Li
Pages
92-95
DOI
10.4028/www.scientific.net/AMR.287-290.92
Citation
W. L. Wang, Q. N. Meng, X. B. Liu, "An Approach to Raw Material Cost Control Model in Iron and Steel Industry", Advanced Materials Research, Vols. 287-290, pp. 92-95, 2011
Online since
July 2011
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Price
$32.00
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