Managing Hybrid Manufacturing Remanufacturing Inventory Systems With Random Production Capacities

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Managing Hybrid Manufacturing/Remanufacturing Inventory Systems with Random Production Capacities

Author : Xiting Gong
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Managing Hybrid Manufacturing/Remanufacturing Inventory Systems with Random Production Capacities by : Xiting Gong

Download or read book Managing Hybrid Manufacturing/Remanufacturing Inventory Systems with Random Production Capacities written by Xiting Gong and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we study hybrid manufacturing/remanufacturing inventory systems that produce a single product to satisfy random demands over a finite planning horizon. In each period, the firm receives random demand and random product returns. A serviceable product can be manufactured from raw materials or remanufactured from a returned product. Both operations face random capacities modeled as positively dependent random variables. The firm's objective is to minimize the expected total discounted cost over the planning horizon. We partially characterize the firm's optimal policy for the general model and completely characterize it for the models with deterministic manufacturing or remanufacturing capacity, by two increasing functions with slopes at most one. For the special case with unlimited manufacturing capacity, we further characterize the optimal policy and obtain additional insights. In particular, we connect this model with an auxiliary dual-sourcing inventory model and show that they have the same optimal policy under certain conditions. Finally, we conduct a numerical study to derive further insights into the effects of random capacities. Among others, we find that ignoring randomness of the manufacturing capacity often incurs significant cost to the firm while the cost of ignoring capacity correlation is negligible.

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.

Inventory Management in a Manufacturing/remanufacturing Hybrid System with Condition Monitoring

Author : Bhavana Padakala
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Inventory Management in a Manufacturing/remanufacturing Hybrid System with Condition Monitoring by : Bhavana Padakala

Download or read book Inventory Management in a Manufacturing/remanufacturing Hybrid System with Condition Monitoring written by Bhavana Padakala and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Managing Perishable Inventory Systems with Product Returns and Remanufacturing

Author : Ke Fu
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Managing Perishable Inventory Systems with Product Returns and Remanufacturing by : Ke Fu

Download or read book Managing Perishable Inventory Systems with Product Returns and Remanufacturing written by Ke Fu and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Motivated by emerging practice in the cut flower industry, we consider a periodic-review inventory system for a perishable product with a lifetime of two periods. There are two separate customer demands for the new product with two-period remaining lifetime and the old product with one-period remaining lifetime, and a fixed proportion of the unsatisfied demand for one product will purchase the other product as a substitute. One distinctive feature of our system is that a random portion of the sold new product is returned and can be remanufactured and re-marketed as the old product for sale. The objective is to maximize the expected total discounted profit over a finite planning horizon. We show that the optimal remanufacturing policy is a modified base-stock policy, and that the optimal manufacturing quantity of the new product decreases in the inventory level of the old product after remanufacturing. Furthermore, when the inventory level of the old product is large, the optimal manufacturing quantity asymptotically approaches a constant, which is lower and upper bounded by two newsvendor fractile solutions. We also conduct a numerical study to derive insights into the effects of remanufacturing and demand substitution. In particular, we show that remanufacturing can be a powerful way of mitigating negative environmental impacts in the cut flower industry. Finally, we discuss two model extensions that allow a joint production capacity and a multi-period lifetime.

Dynamic Inventory Management in Reverse Logistics

Author : Rainer Kleber
Publisher : Springer Science & Business Media
ISBN 13 : 3540332308
Total Pages : 191 pages
Book Rating : 4.5/5 (43 download)

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Book Synopsis Dynamic Inventory Management in Reverse Logistics by : Rainer Kleber

Download or read book Dynamic Inventory Management in Reverse Logistics written by Rainer Kleber and published by Springer Science & Business Media. This book was released on 2007-02-02 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: The integration of product recovery into regular production processes enables new opportunities for cost savings. In case of a dynamic planning situation, for instance when dealing with seasonality or the product life cycle, new motives for keeping stock arise. The work aims to identify those motives and to describe their effects by using methods of optimal control theory.

Ethics and Sustainability in Global Supply Chain Management

Author : Akkucuk, Ulas
Publisher : IGI Global
ISBN 13 : 1522520376
Total Pages : 368 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Ethics and Sustainability in Global Supply Chain Management by : Akkucuk, Ulas

Download or read book Ethics and Sustainability in Global Supply Chain Management written by Akkucuk, Ulas and published by IGI Global. This book was released on 2016-12-21 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Various industries in modern society can contribute to many different sustainable development initiatives. By implementing better processes for resource usage and its impacts, businesses can play a vital role in creating a cleaner environment. Ethics and Sustainability in Global Supply Chain Management is a comprehensive reference source for the latest scholarly material on organizational procedures and methods that ensure environmental sustainability, while maintaining effective production processes. Highlighting the most innovative topics and perspectives, such as life cycle costing, waste management, and business leadership, this book is ideally designed for professionals, academics, practitioners, graduate students, and researchers interested in developing green supply chain processes.

The Circular Supply Chain

Author : Ifeyinwa Juliet Orji
Publisher : CRC Press
ISBN 13 : 1000646866
Total Pages : 329 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis The Circular Supply Chain by : Ifeyinwa Juliet Orji

Download or read book The Circular Supply Chain written by Ifeyinwa Juliet Orji and published by CRC Press. This book was released on 2022-09-07 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Organizations need to stay competitive and transition from a linear make-use-dispose supply chain model to a sustainable one. This book covers techniques and basic principles, historical developments and recent issues facing the adoption of a circular supply chain model. The Circular Supply Chain: Basic Principles and Techniques presents the key principles and techniques for the effective integration of a circular economy into supply chains. It discusses sustainability, digitization and the application of blockchain to enhance operations within the realm of Industry 4.0. Principles to assist managers in effectively adopting circularity business models for sustainability improvements are provided, along with the historical background, so the reader can have a better understanding for implementation. Case studies and reading comprehension questions are also offered to help with the effective integration of a circular economy into supply chains. This book is written to assist students, practicing engineers and business professionals that work in the industrial and manufacturing sectors, supply chain management, and with advanced technologies associated with Industry 4.0, sustainability, blockchain and digitalization integration techniques of circular supply chains.

Optimal Inventory Control Policy of a Hybrid Manufacturing-remanufacturing System Using a Hybrid Simulation Optimization Algorithm

Download Optimal Inventory Control Policy of a Hybrid Manufacturing-remanufacturing System Using a Hybrid Simulation Optimization Algorithm PDF Online Free

Author : Patsorn Thammatadatrakul
Publisher :
ISBN 13 :
Total Pages : 122 pages
Book Rating : 4.:/5 (982 download)

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Book Synopsis Optimal Inventory Control Policy of a Hybrid Manufacturing-remanufacturing System Using a Hybrid Simulation Optimization Algorithm by : Patsorn Thammatadatrakul

Download or read book Optimal Inventory Control Policy of a Hybrid Manufacturing-remanufacturing System Using a Hybrid Simulation Optimization Algorithm written by Patsorn Thammatadatrakul and published by . This book was released on 2016 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Advances in Production Management Systems. Artificial Intelligence for Sustainable and Resilient Production Systems

Author : Alexandre Dolgui
Publisher : Springer Nature
ISBN 13 : 303085874X
Total Pages : 779 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Advances in Production Management Systems. Artificial Intelligence for Sustainable and Resilient Production Systems by : Alexandre Dolgui

Download or read book Advances in Production Management Systems. Artificial Intelligence for Sustainable and Resilient Production Systems written by Alexandre Dolgui and published by Springer Nature. This book was released on 2021-08-31 with total page 779 pages. Available in PDF, EPUB and Kindle. Book excerpt: The five-volume set IFIP AICT 630, 631, 632, 633, and 634 constitutes the refereed proceedings of the International IFIP WG 5.7 Conference on Advances in Production Management Systems, APMS 2021, held in Nantes, France, in September 2021.* The 378 papers presented were carefully reviewed and selected from 529 submissions. They discuss artificial intelligence techniques, decision aid and new and renewed paradigms for sustainable and resilient production systems at four-wall factory and value chain levels. The papers are organized in the following topical sections: Part I: artificial intelligence based optimization techniques for demand-driven manufacturing; hybrid approaches for production planning and scheduling; intelligent systems for manufacturing planning and control in the industry 4.0; learning and robust decision support systems for agile manufacturing environments; low-code and model-driven engineering for production system; meta-heuristics and optimization techniques for energy-oriented manufacturing systems; metaheuristics for production systems; modern analytics and new AI-based smart techniques for replenishment and production planning under uncertainty; system identification for manufacturing control applications; and the future of lean thinking and practice Part II: digital transformation of SME manufacturers: the crucial role of standard; digital transformations towards supply chain resiliency; engineering of smart-product-service-systems of the future; lean and Six Sigma in services healthcare; new trends and challenges in reconfigurable, flexible or agile production system; production management in food supply chains; and sustainability in production planning and lot-sizing Part III: autonomous robots in delivery logistics; digital transformation approaches in production management; finance-driven supply chain; gastronomic service system design; modern scheduling and applications in industry 4.0; recent advances in sustainable manufacturing; regular session: green production and circularity concepts; regular session: improvement models and methods for green and innovative systems; regular session: supply chain and routing management; regular session: robotics and human aspects; regular session: classification and data management methods; smart supply chain and production in society 5.0 era; and supply chain risk management under coronavirus Part IV: AI for resilience in global supply chain networks in the context of pandemic disruptions; blockchain in the operations and supply chain management; data-based services as key enablers for smart products, manufacturing and assembly; data-driven methods for supply chain optimization; digital twins based on systems engineering and semantic modeling; digital twins in companies first developments and future challenges; human-centered artificial intelligence in smart manufacturing for the operator 4.0; operations management in engineer-to-order manufacturing; product and asset life cycle management for smart and sustainable manufacturing systems; robotics technologies for control, smart manufacturing and logistics; serious games analytics: improving games and learning support; smart and sustainable production and supply chains; smart methods and techniques for sustainable supply chain management; the new digital lean manufacturing paradigm; and the role of emerging technologies in disaster relief operations: lessons from COVID-19 Part V: data-driven platforms and applications in production and logistics: digital twins and AI for sustainability; regular session: new approaches for routing problem solving; regular session: improvement of design and operation of manufacturing systems; regular session: crossdock and transportation issues; regular session: maintenance improvement and lifecycle management; regular session: additive manufacturing and mass customization; regular session: frameworks and conceptual modelling for systems and services efficiency; regular session: optimization of production and transportation systems; regular session: optimization of supply chain agility and reconfigurability; regular session: advanced modelling approaches; regular session: simulation and optimization of systems performances; regular session: AI-based approaches for quality and performance improvement of production systems; and regular session: risk and performance management of supply chains *The conference was held online.

Inventory Strategies for Systems with Fast Remanufacturing

Author : Ruud Teunter
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Inventory Strategies for Systems with Fast Remanufacturing by : Ruud Teunter

Download or read book Inventory Strategies for Systems with Fast Remanufacturing written by Ruud Teunter and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We describe hybrid manufacturing/remanufacturing systems with a long lead time for manufacturing and a short lead time for remanufacturing. We review the classes of inventory strategies for hybrid systems in the literature. These are all based on equal lead times. For systems with slow manufacturing and fast remanufacturing, we propose a new class. An extensive numerical experiment shows that the optimal strategy in the new class almost always performs better and often much better than the optimal strategies in all other classes.

Handbook of Research on Industrial Applications for Improved Supply Chain Performance

Author : García-Alcaraz, Jorge Luis
Publisher : IGI Global
ISBN 13 : 1799802043
Total Pages : 549 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Handbook of Research on Industrial Applications for Improved Supply Chain Performance by : García-Alcaraz, Jorge Luis

Download or read book Handbook of Research on Industrial Applications for Improved Supply Chain Performance written by García-Alcaraz, Jorge Luis and published by IGI Global. This book was released on 2019-10-18 with total page 549 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the industrial world, companies are always seeking competitive advantages to sustain themselves in the globalized market. A supply chain is one of these improvements that managers implement in order to stay ahead of the competition. However, certain methods of supply chains add risks such as the addition of costs, possible accidents, and economic losses. Because of this, companies are looking for techniques in which to progress their supply chain execution. The Handbook of Research on Industrial Applications for Improved Supply Chain Performance is a pivotal reference source that identifies techniques, tools, and methodologies that can improve supply chain performance and enable businesses to generate a competitive advantage in the globalized market. While highlighting topics such as material flow, route optimization, and green distribution, this publication is ideally designed for managers, executives, logistics engineers, production managers, warehouse operations managers, board directors, consultants, analysts, inventory control managers, researchers, academicians, industrial and managerial professionals, practitioners, and students looking to improve costs and quality of supply chains.

Production Planning and Inventory Control in Hybrid Systems with Remanufacturing (by) M. Salomon (... and Others

Author : Marc Salomon
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (643 download)

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Book Synopsis Production Planning and Inventory Control in Hybrid Systems with Remanufacturing (by) M. Salomon (... and Others by : Marc Salomon

Download or read book Production Planning and Inventory Control in Hybrid Systems with Remanufacturing (by) M. Salomon (... and Others written by Marc Salomon and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Production Planning and Inventory Control in Hybrid Systems with Remanufacturing

Author : Erwin Albert Laan
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (688 download)

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Book Synopsis Production Planning and Inventory Control in Hybrid Systems with Remanufacturing by : Erwin Albert Laan

Download or read book Production Planning and Inventory Control in Hybrid Systems with Remanufacturing written by Erwin Albert Laan and published by . This book was released on 1996 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:

World Class Production and Inventory Management

Author : Darryl V. Landvater
Publisher : John Wiley & Sons
ISBN 13 : 9780471178552
Total Pages : 314 pages
Book Rating : 4.1/5 (785 download)

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Book Synopsis World Class Production and Inventory Management by : Darryl V. Landvater

Download or read book World Class Production and Inventory Management written by Darryl V. Landvater and published by John Wiley & Sons. This book was released on 1997-07-31 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Eine Pflichtlektüre für jeden, der für Distributions-, Produktions- und Lagerhaltungsmanagement verantwortlich ist! "Heiße Themen" wie Just-in-time-Planung, Master Production Scheduling und Kapazitätsplanung werden ausführlich diskutiert.

Integrated Production and Inventory Management

Author : Thomas E. Vollmann
Publisher : McGraw-Hill Professional Publishing
ISBN 13 :
Total Pages : 416 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Integrated Production and Inventory Management by : Thomas E. Vollmann

Download or read book Integrated Production and Inventory Management written by Thomas E. Vollmann and published by McGraw-Hill Professional Publishing. This book was released on 1993 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Manufacturers who want to improve their competitive positions continually seek ways to leverage their manufacturing assets--particularly by integrating manufacturing planning and control systems with business functions and market requirements. This enables organizations to identify customer needs and respond with prompt, effective service. Integrated Production and Inventory Management is a practical, results-oriented resource that can help your organization achieve sound inventory management. The book's state-of-the-art concepts and proven inventory and production control approaches help you better understand how production and inventory management decisions can successfully support other enterprise objectives. Each central theme--master planning, inventory management, capacity management, material requirements planning, and just-in-time--reflects the latest manufacturing strategies and gives you practical methods for improving performance in the manufacturing process. You'll discover the most effective ways to build customer service using the latest inventory-monitoring procedures, reduce overhead costs--and refocus overhead activity to achieve competitive excellence, and enhance the coordination of distribution operations. Integrated Production and Inventory Management is a course book for the Certification in Integrated Resource Management (CIRM) certificate program offered to 80,000 members of the American Production and Inventory Control Society (APICS) and to other manufacturing professionals. By examining innovative processes and integrative approaches, however, this book is essential for anyone interested in revitalizing their manufacturing processes for success.

Optimal Policies in Hybrid Manufacturing, Remanufacturing Systems with Product Substitution

Author : Karl Inderfurth
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (763 download)

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Book Synopsis Optimal Policies in Hybrid Manufacturing, Remanufacturing Systems with Product Substitution by : Karl Inderfurth

Download or read book Optimal Policies in Hybrid Manufacturing, Remanufacturing Systems with Product Substitution written by Karl Inderfurth and published by . This book was released on 2002 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Asia Conference on Industrial Engineering and Management Innovation (IEMI2012) Proceedings

Author : Ershi Qi
Publisher : Springer Science & Business Media
ISBN 13 : 3642384455
Total Pages : 1666 pages
Book Rating : 4.6/5 (423 download)

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Book Synopsis International Asia Conference on Industrial Engineering and Management Innovation (IEMI2012) Proceedings by : Ershi Qi

Download or read book International Asia Conference on Industrial Engineering and Management Innovation (IEMI2012) Proceedings written by Ershi Qi and published by Springer Science & Business Media. This book was released on 2013-05-29 with total page 1666 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Conference on Industrial Engineering and Engineering Management is sponsored by the Chinese Industrial Engineering Institution, CMES, which is the only national-level academic society for Industrial Engineering. The conference is held annually as the major event in this arena. Being the largest and the most authoritative international academic conference held in China, it provides an academic platform for experts and entrepreneurs in the areas of international industrial engineering and management to exchange their research findings. Many experts in various fields from China and around the world gather together at the conference to review, exchange, summarize and promote their achievements in the fields of industrial engineering and engineering management. For example, some experts pay special attention to the current state of the application of related techniques in China as well as their future prospects, such as green product design, quality control and management, supply chain and logistics management to address the need for, amongst other things low-carbon, energy-saving and emission-reduction. They also offer opinions on the outlook for the development of related techniques. The proceedings offers impressive methods and concrete applications for experts from colleges and universities, research institutions and enterprises who are engaged in theoretical research into industrial engineering and engineering management and its applications. As all the papers are of great value from both an academic and a practical point of view, they also provide research data for international scholars who are investigating Chinese style enterprises and engineering management.