Inventory Systems With Imperfect Demand Information

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Inventory Systems with Imperfect Demand Information

Author : Richard C. Morey
Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis Inventory Systems with Imperfect Demand Information by : Richard C. Morey

Download or read book Inventory Systems with Imperfect Demand Information written by Richard C. Morey and published by . This book was released on 1969 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report studies inventory systems in which demand information can be incorrectly transmitted from the field to the stockpoint. Keypunching errors and improper preparation of requisitions are examples of the types of causes that may give rise to such a situation. The main effect of such errors is that supply points may process demands which are considerably different than the true demands, and hence increase the total systems operating cost. A study of the increased cost as a function of the variability of the errors is necessary to determine the amount and direction of effort that should be spent to deal with them. Two main types of analyses are presented. The first is a dynamic programming approach which determines the optimal ordering procedure for the general n period problem. A second approach has used a steady state analysis to assess the dollar impact of the errors. (Author).

Using Imperfect Advance Demand Information in Design of a Production/inventory Control System

Author : Yitbarek T. Redda
Publisher :
ISBN 13 : 9789044406719
Total Pages : 61 pages
Book Rating : 4.4/5 (67 download)

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Book Synopsis Using Imperfect Advance Demand Information in Design of a Production/inventory Control System by : Yitbarek T. Redda

Download or read book Using Imperfect Advance Demand Information in Design of a Production/inventory Control System written by Yitbarek T. Redda and published by . This book was released on 2006 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Imperfect Inventory Systems

Author : Ata Allah Taleizadeh
Publisher :
ISBN 13 : 9783030569754
Total Pages : 0 pages
Book Rating : 4.5/5 (697 download)

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Book Synopsis Imperfect Inventory Systems by : Ata Allah Taleizadeh

Download or read book Imperfect Inventory Systems written by Ata Allah Taleizadeh and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines inventory and production strategies that can reduce unexpected breakdown costs. It highlights different EPQ models to deal with such problems, providing optimal value derivations for decision variables. It provides proofs for concavity or convexity of objective functions. The chapters also include numerical examples for all the developed mathematical models. Imperfect Inventory Systems: Inventory and Production Management and Breakdown should be useful for professionals working on supply chains, but also researchers in operations research and inventory management.

Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques

Author : Shah, Nita H.
Publisher : IGI Global
ISBN 13 : 1522532331
Total Pages : 672 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques by : Shah, Nita H.

Download or read book Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques written by Shah, Nita H. and published by IGI Global. This book was released on 2017-12-22 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stock management and control is a critical element to the success and overall financial well-being of an organization. Through the application of innovative practices and technology, businesses are now able to effectively monitor their operations and manage their inventory by evaluating sales patterns and customer preferences. The Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques is a critical scholarly resource that examines optimization techniques, data mining concepts, and genetic algorithms to manage inventory control. Featuring coverage on a broad range of topics such as logistics and supply chain management, stochastic inventory modelling, and inventory management in healthcare, this book is geared towards academicians, practitioners, and researchers seeking various research methods to get optimal ordering policy.

Optimal Inventory Policies Under Imperfect Advance Demand Information

Author : Tarkan Tan
Publisher :
ISBN 13 : 9789038618883
Total Pages : 31 pages
Book Rating : 4.6/5 (188 download)

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Book Synopsis Optimal Inventory Policies Under Imperfect Advance Demand Information by : Tarkan Tan

Download or read book Optimal Inventory Policies Under Imperfect Advance Demand Information written by Tarkan Tan and published by . This book was released on 2004 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of Stochastic Models and Analysis of Manufacturing System Operations

Author : J. MacGregor Smith
Publisher : Springer Science & Business Media
ISBN 13 : 1461467772
Total Pages : 397 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis Handbook of Stochastic Models and Analysis of Manufacturing System Operations by : J. MacGregor Smith

Download or read book Handbook of Stochastic Models and Analysis of Manufacturing System Operations written by J. MacGregor Smith and published by Springer Science & Business Media. This book was released on 2013-05-17 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook surveys important stochastic problems and models in manufacturing system operations and their stochastic analysis. Using analytical models to design and control manufacturing systems and their operations entail critical stochastic performance analysis as well as integrated optimization models of these systems. Topics deal with the areas of facilities planning, transportation, and material handling systems, logistics and supply chain management, and integrated productivity and quality models covering: • Stochastic modeling and analysis of manufacturing systems • Design, analysis, and optimization of manufacturing systems • Facilities planning, transportation, and material handling systems analysis • Production planning, scheduling systems, management, and control • Analytical approaches to logistics and supply chain management • Integrated productivity and quality models, and their analysis • Literature surveys of issues relevant in manufacturing systems • Case studies of manufacturing system operations and analysis Today’s manufacturing system operations are becoming increasingly complex. Advanced knowledge of best practices for treating these problems is not always well known. The purpose of the book is to create a foundation for the development of stochastic models and their analysis in manufacturing system operations. Given the handbook nature of the volume, introducing basic principles, concepts, and algorithms for treating these problems and their solutions is the main intent of this handbook. Readers unfamiliar with these research areas will be able to find a research foundation for studying these problems and systems.

Naval Research Logistics Quarterly

Author :
Publisher :
ISBN 13 :
Total Pages : 1180 pages
Book Rating : 4.U/5 (183 download)

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Book Synopsis Naval Research Logistics Quarterly by :

Download or read book Naval Research Logistics Quarterly written by and published by . This book was released on 1970 with total page 1180 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Optimization and Inventory Management

Author : Nita H. Shah
Publisher : Springer Nature
ISBN 13 : 9811396981
Total Pages : 470 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis Optimization and Inventory Management by : Nita H. Shah

Download or read book Optimization and Inventory Management written by Nita H. Shah and published by Springer Nature. This book was released on 2019-08-31 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses inventory models for determining optimal ordering policies using various optimization techniques, genetic algorithms, and data mining concepts. It also provides sensitivity analyses for the models’ robustness. It presents a collection of mathematical models that deal with real industry scenarios. All mathematical model solutions are provided with the help of various optimization techniques to determine optimal ordering policy. The book offers a range of perspectives on the implementation of optimization techniques, inflation, trade credit financing, fuzzy systems, human error, learning in production, inspection, green supply chains, closed supply chains, reworks, game theory approaches, genetic algorithms, and data mining, as well as research on big data applications for inventory management and control. Starting from deterministic inventory models, the book moves towards advanced inventory models. The content is divided into eight major sections: inventory control and management – inventory models with trade credit financing for imperfect quality items; environmental impact on ordering policies; impact of learning on the supply chain models; EOQ models considering warehousing; optimal ordering policies with data mining and PSO techniques; supply chain models in fuzzy environments; optimal production models for multi-items and multi-retailers; and a marketing model to understand buying behaviour. Given its scope, the book offers a valuable resource for practitioners, instructors, students and researchers alike. It also offers essential insights to help retailers/managers improve business functions and make more accurate and realistic decisions.

Planning Production and Inventories in the Extended Enterprise

Author : Karl G. Kempf
Publisher : Springer Science & Business Media
ISBN 13 : 1441964851
Total Pages : 652 pages
Book Rating : 4.4/5 (419 download)

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Book Synopsis Planning Production and Inventories in the Extended Enterprise by : Karl G. Kempf

Download or read book Planning Production and Inventories in the Extended Enterprise written by Karl G. Kempf and published by Springer Science & Business Media. This book was released on 2011-01-12 with total page 652 pages. Available in PDF, EPUB and Kindle. Book excerpt: In two volumes, Planning Production and Inventories in the Extended Enterprise: A State of the Art Handbook examines production planning across the extended enterprise against a backdrop of important gaps between theory and practice. The early chapters describe the multifaceted nature of production planning problems and reveal many of the core complexities. The middle chapters describe recent research on theoretical techniques to manage these complexities. Accounts of production planning system currently in use in various industries are included in the later chapters. Throughout the two volumes there are suggestions on promising directions for future work focused on closing the gaps.

Inventory Management

Author : G.P. Kiesmüller
Publisher : BoD – Books on Demand
ISBN 13 : 3759769276
Total Pages : 384 pages
Book Rating : 4.7/5 (597 download)

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Book Synopsis Inventory Management by : G.P. Kiesmüller

Download or read book Inventory Management written by G.P. Kiesmüller and published by BoD – Books on Demand. This book was released on 2024-08-16 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains several topics of inventory management where the focus is on cycle and safety stocks in different situations. In order to make well-founded statements, mathematical models are used. The chosen models are simple and certainly cover only some aspects of real life. However, they are very valuable in understanding tradeoffs and identifying the essential factors affecting stock levels. Moreover, they can be used to support decision-making and optimize stock levels.

Inventory Rationing

Author : Karin Möllering
Publisher : Springer
ISBN 13 : 3658242558
Total Pages : 172 pages
Book Rating : 4.6/5 (582 download)

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Book Synopsis Inventory Rationing by : Karin Möllering

Download or read book Inventory Rationing written by Karin Möllering and published by Springer. This book was released on 2019-03-01 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last decades have seen an increasing diversity of customer expectations and growing competitive pressure for a wide variety of industries. Customer segmentation and subsequent inventory rationing provide a way to cope with those customer demands while maintaining a competitive offer. The general idea resembles the yield management practised in the airline or hotel industries: Demand fulfilment for low priority customers might be refused or delayed in order to reserve stock for more important clients. This dissertation thesis from Karin Möllering provides a comprehensive introduction to inventory rationing. It gives an overview of the different approaches studied and identifies state-of-the-art rules. In a second step, the book particularly focuses on an easy-to-implement but highly efficient rationing strategy. For this strategy, a mathematical model is developed that allows for optimization under different objectives. Potential readership includes scholars of inventory control and management science, students interested in these areas as well as practitioners involved in formulating and implementing rationing strategies.

Research Handbook on Inventory Management

Author : Jing-Sheng J. Song
Publisher : Edward Elgar Publishing
ISBN 13 : 180037710X
Total Pages : 565 pages
Book Rating : 4.8/5 (3 download)

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Book Synopsis Research Handbook on Inventory Management by : Jing-Sheng J. Song

Download or read book Research Handbook on Inventory Management written by Jing-Sheng J. Song and published by Edward Elgar Publishing. This book was released on 2023-08-14 with total page 565 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive Handbook provides an overview of state-of-the-art research on quantitative models for inventory management. Despite over half a century’s progress, inventory management remains a challenge, as evidenced by the recent Covid-19 pandemic. With an expanse of world-renowned inventory scholars from major international research universities, this Handbook explores key areas including mathematical modelling, the interplay of inventory decisions and other business decisions and the unique challenges posed to multiple industries.

Recent Advances in Intelligent Information Systems and Applied Mathematics

Author : Oscar Castillo
Publisher : Springer Nature
ISBN 13 : 3030341526
Total Pages : 903 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Recent Advances in Intelligent Information Systems and Applied Mathematics by : Oscar Castillo

Download or read book Recent Advances in Intelligent Information Systems and Applied Mathematics written by Oscar Castillo and published by Springer Nature. This book was released on 2020-01-31 with total page 903 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the latest advances in intelligent techniques such as fuzzy logic, neural networks, and optimization algorithms, and their relevance in building intelligent information systems in combination with applied mathematics. The authors also outline the applications of these systems in areas like intelligent control and robotics, pattern recognition, medical diagnosis, time series prediction, and optimization of complex problems. By sharing fresh ideas and identifying new targets/problems it offers young researchers and students new directions for their future research. The book is intended for readers from mathematics and computer science, in particular professors and students working on theory and applications of intelligent systems for real-world applications.

Intelligent Information and Database Systems

Author : Ngoc-Thanh Nguyen
Publisher : Springer
ISBN 13 : 3319054589
Total Pages : 651 pages
Book Rating : 4.3/5 (19 download)

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Book Synopsis Intelligent Information and Database Systems by : Ngoc-Thanh Nguyen

Download or read book Intelligent Information and Database Systems written by Ngoc-Thanh Nguyen and published by Springer. This book was released on 2014-02-28 with total page 651 pages. Available in PDF, EPUB and Kindle. Book excerpt: The two-volume set LNAI 8397 and LNAI 8398 constitutes the refereed proceedings of the 6th Asian Conference on Intelligent Information and Database Systems, ACIIDS 2014, held in Bangkok, Thailand in April 2014. The 125 revised papers presented were carefully reviewed and selected from 300 submissions. Suggestion: The aim of the conference is to provide an internationally respected forum for scientific research in the technologies and applications of intelligent information and database systems. The papers are organized in topical sections on Natural Language and Text Processing, Intelligent Information Retrieval, Semantic Web, Social Networks and Recommendation Systems, Intelligent Database Systems, Decision Support Systems, Computer Vision Techniques, Machine Learning and Data Mining, Multiple Model Approach to Machine Learning, MMAML 2014, Computational Intelligence, CI 2014, Engineering Knowledge and Semantic Systems , IWEKSS 2014, Innovations in Intelligent Computation and Applications, IICA 2014, Modelling and Optimization Techniques in Information Systems, Database Systems and Industrial Systems, MOT 2014, Innovation via Collective Intelligences and Globalization in Business Management, ICIGBM 2014, Intelligent Supply Chains, ISC 2014, and Human Motion: Acquisition, Processing, Analysis, Synthesis and Visualization for Massive Datasets, HMMD 2014.

NASA SP-7500

Author : United States. National Aeronautics and Space Administration
Publisher :
ISBN 13 :
Total Pages : 148 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis NASA SP-7500 by : United States. National Aeronautics and Space Administration

Download or read book NASA SP-7500 written by United States. National Aeronautics and Space Administration and published by . This book was released on with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Modeling Inventory Systems with Imperfect Supply

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (681 download)

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Book Synopsis Modeling Inventory Systems with Imperfect Supply by :

Download or read book Modeling Inventory Systems with Imperfect Supply written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We study inventory systems operating under an infinite-horizon, periodic-review base-stock control policy with stochastic demand and imperfect (i.e., less than 100% reliable) supply. We model demand using a general discrete distribution and replenishment lead time using a geometric distribution, resulting from a Bernoulli trial-based model of supply uncertainty. We develop a computational approach using a discrete time Markov process (DTMP) model to minimize the total system cost and obtain the optimal base-stock level when the backorder penalty is given. We develop a general, recursive solution for the steady state probability of each inventory level and use this to find the optimal base-stock level in this setting. Moreover, for specific demand distributions we are able to develop closed-form solutions for these outcomes. The lead-time demand (LTD) distribution can also be obtained from these recursive equations to determine the base-stock level when a target customer service level is specified in lieu of a backorder penalty cost. We conduct extensive computational experiments to observe the robustness of various approximate solutions under two scenarios for the lead-time distribution. The first scenario assumes a geometric lead time. The second scenario considers a general lead-time distribution. We conduct computational experiments to observe the conditions in which the DTMP model performs well, including situations where the demand and the lead-time distributions are specified separately, and where the LTD distribution is given and follows either a Beta distribution or a bimodal distribution. Finally, for a two-location inventory system consisting of a single retailer supplied by a single distributor, whose supply ultimately comes from an unreliable supplier upstream, we propose a computational approach to determine optimal or near-optimal base-stock levels at the retailer and distributor. We develop two decomposition-based approximation methods, solving the se.

Data Analytics and Artificial Intelligence for Inventory and Supply Chain Management

Author : Dinesh K. Sharma
Publisher : Springer Nature
ISBN 13 : 9811963371
Total Pages : 293 pages
Book Rating : 4.8/5 (119 download)

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Book Synopsis Data Analytics and Artificial Intelligence for Inventory and Supply Chain Management by : Dinesh K. Sharma

Download or read book Data Analytics and Artificial Intelligence for Inventory and Supply Chain Management written by Dinesh K. Sharma and published by Springer Nature. This book was released on 2022-11-08 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book considers new analytics and AI approaches in the areas of inventory control, logistics, and supply chain management. It provides valuable insights for the retailers and managers to improve business operations and make more realistic and better decisions. It also offers a number of smartly designed strategies related to inventory control and supply chain management for the optimal ordering and delivery policies. The book further uses detailed models and AI computing approaches for demand forecasting to planning optimization and digital execution tracking. One of its key features is use of real-life examples, case studies, practical models to ensure adoption of new solutions, data analytics, and AI-lead automation methodologies are included.The book can be utilized by retailers and managers to improve business operations and make more accurate and realistic decisions. The AI-based solution, agnostic assessment, and strategy will support the companies for better alignment and inventory control and capabilities to create a strategic road map for supply chain and logistics. The book is also useful for postgraduate students, researchers, and corporate executives. It addresses novel solutions for inventory to real-world supply chain and logistics that retailers, practitioners, educators, and scholars will find useful. It provides the theoretical and applicable subject matters for the senior undergraduate and graduate students, researchers, practitioners, and professionals in the area of artificial intelligent computing and its applications in inventory and supply chain management, inventory control, and logistics.