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Author : Worawut Wangwatcharakul
Publisher :
ISBN 13 :
Total Pages : 109 pages
Book Rating : 4.:/5 (651 download)
Download or read book Modeling Inventory Systems with Imperfect Supply written by Worawut Wangwatcharakul and published by . This book was released on 2009 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
Author : Nita H. Shah
Publisher : Springer Nature
ISBN 13 : 9811396981
Total Pages : 470 pages
Book Rating : 4.8/5 (113 download)
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.
Author : Shah, Nita H.
Publisher : IGI Global
ISBN 13 : 1522532331
Total Pages : 672 pages
Book Rating : 4.5/5 (225 download)
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.
Author : Ata Allah Taleizadeh
Publisher :
ISBN 13 : 9783030569754
Total Pages : 0 pages
Book Rating : 4.5/5 (697 download)
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.
Author : Dinesh K. Sharma
Publisher : Springer Nature
ISBN 13 : 9811963371
Total Pages : 293 pages
Book Rating : 4.8/5 (119 download)
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.
Author : Aykut Atali
Publisher :
ISBN 13 :
Total Pages : 364 pages
Book Rating : 4.:/5 (272 download)
Download or read book Quantitative Modeling in Inventory Management with Imperfect Information written by Aykut Atali and published by . This book was released on 2006 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ata Allah Taleizadeh
Publisher : Springer Nature
ISBN 13 : 3030569748
Total Pages : 595 pages
Book Rating : 4.0/5 (35 download)
Download or read book Imperfect Inventory Systems written by Ata Allah Taleizadeh and published by Springer Nature. This book was released on 2021-02-19 with total page 595 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.
Author : Nita H. Shah
Publisher : Springer Nature
ISBN 13 : 981162156X
Total Pages : 228 pages
Book Rating : 4.8/5 (116 download)
Download or read book Soft Computing in Inventory Management written by Nita H. Shah and published by Springer Nature. This book was released on 2021-08-21 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a collection of mathematical models that deals with the real scenario in the industries. The primary objective of this book is to explore various effective methods for inventory control and management using soft computing techniques. Inventory control and management is a very tedious task faced by all the organizations in any sector of the economy. It makes decisions for policies, activities, and procedures in order to make sure that the right amount of each item is held in stock at any time. Many industries suffer from indiscipline while ordering and production mismatch. It is essential to provide best ordering policy to control such kind of mismatch in the industries. All the mathematical model solutions are provided with the help of various soft computing optimization techniques to determine optimal ordering policy. This book is beneficial for practitioners, educators, and researchers. It is also helpful for retailers/managers for improving business functions and making more accurate and realistic decisions.
Author : Biswajit Sarkar
Publisher : MDPI
ISBN 13 : 3039286722
Total Pages : 176 pages
Book Rating : 4.0/5 (392 download)
Download or read book Application of Renewable Energy in Production and Supply Chain Management written by Biswajit Sarkar and published by MDPI. This book was released on 2020-06-25 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of the energy and its resources have changed dramatically in last few decades. The increasing use of technology and electrification increases the demand for energy, with impacts natural energy resources. At present, industries are trying to reduce the direct use of traditional energy by utilizing renewable energy as an alternative energy resource. Recent studies have attempted to optimize consumed energies for entire systems by using alternative energies. These alternatives are different kinds of renewable energies which provide numerous new possibilities to survive without using non-renewable energies. The production industry is moving toward smart production using the technology of the fourth industrial revolution. In this book, energy consumption for production and supply chain management are explained through presentation of some the latest major research advances. These studies collectively contribute new ideas and strategies in enriching the literature.
Author : Sridhar Tayur
Publisher : Springer Science & Business Media
ISBN 13 : 1461549493
Total Pages : 851 pages
Book Rating : 4.4/5 (615 download)
Download or read book Quantitative Models for Supply Chain Management written by Sridhar Tayur and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 851 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantitative models and computer-based tools are essential for making decisions in today's business environment. These tools are of particular importance in the rapidly growing area of supply chain management. This volume is a unified effort to provide a systematic summary of the large variety of new issues being considered, the new set of models being developed, the new techniques for analysis, and the computational methods that have become available recently. The volume's objective is to provide a self-contained, sophisticated research summary - a snapshot at this point of time - in the area of Quantitative Models for Supply Chain Management. While there are some multi-disciplinary aspects of supply chain management not covered here, the Editors and their contributors have captured many important developments in this rapidly expanding field. The 26 chapters can be divided into six categories. Basic Concepts and Technical Material (Chapters 1-6). The chapters in this category focus on introducing basic concepts, providing mathematical background and validating algorithmic tools to solve operational problems in supply chains. Supply Contracts (Chapters 7-10). In this category, the primary focus is on design and evaluation of supply contracts between independent agents in the supply chain. Value of Information (Chapters 11-13). The chapters in this category explicitly model the effect of information on decision-making and on supply chain performance. Managing Product Variety (Chapters 16-19). The chapters in this category analyze the effects of product variety and the different strategies to manage it. International Operations (Chapters 20-22). The three chapters in this category provide an overview of research in the emerging area of International Operations. Conceptual Issues and New Challenges (Chapters 23-27). These chapters outline a variety of frameworks that can be explored and used in future research efforts. This volume can serve as a graduate text, as a reference for researchers and as a guide for further development of this field.
Author : Lee, In
Publisher : IGI Global
ISBN 13 : 1605660574
Total Pages : 2838 pages
Book Rating : 4.6/5 (56 download)
Download or read book Electronic Business: Concepts, Methodologies, Tools, and Applications written by Lee, In and published by IGI Global. This book was released on 2008-12-31 with total page 2838 pages. Available in PDF, EPUB and Kindle. Book excerpt: Enhances libraries worldwide through top research compilations from over 250 international authors in the field of e-business.
Author : Erick C. Jones
Publisher : CRC Press
ISBN 13 : 1420009362
Total Pages : 522 pages
Book Rating : 4.4/5 (2 download)
Download or read book RFID in Logistics written by Erick C. Jones and published by CRC Press. This book was released on 2007-12-03 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt: Radio Frequency Identification (RFID) tagging is now mandated by the department of defense and many of the world's largest retailers including Wal-Mart. In order to stay competitive, more than 200,000 manufacturers and suppliers must develop strategies for integrating RFID technologies into their supply chains. RFID in Logistics: A Practical Introd
Author : P. K. Kapur
Publisher : Springer Nature
ISBN 13 : 9811600376
Total Pages : 493 pages
Book Rating : 4.8/5 (116 download)
Download or read book Advances in Interdisciplinary Research in Engineering and Business Management written by P. K. Kapur and published by Springer Nature. This book was released on 2021-04-22 with total page 493 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume contains latest research on software reliability assessment, testing, quality management, inventory management, mathematical modeling, analysis using soft computing techniques and management analytics. It links researcher and practitioner perspectives from different branches of engineering and management, and from around the world for a bird's eye view on the topics. The interdisciplinarity of engineering and management research is widely recognized and considered to be the most appropriate and significant in the fast changing dynamics of today's times. With insights from the volume, companies looking to drive decision making are provided actionable insight on each level and for every role using key indicators, to generate mobile-enabled scorecards, time-series based analysis using charts, and dashboards. At the same time, the book provides scholars with a platform to derive maximum utility in the area by subscribing to the idea of managing business through performance and business analytics.
Author : Siddhartha Bhattacharyya
Publisher : Springer Nature
ISBN 13 : 9819934788
Total Pages : 429 pages
Book Rating : 4.8/5 (199 download)
Download or read book Intelligent Human Centered Computing written by Siddhartha Bhattacharyya and published by Springer Nature. This book was released on 2023-06-14 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book features high-quality research papers presented at the First Doctoral Symposium on Human Centered Computing (HUMAN 2023), jointly organized by Computer Society of India, Kolkata Chapter and Techno India University, West Bengal, on February 25, 2023. This book discusses the topics of modern human centered computing and its applications. The book showcases the fusion of human sciences (social and cognitive) with computer science (human–computer interaction, signal processing, machine learning, and ubiquitous computing).
Author : Yongchuan Tang
Publisher : Springer
ISBN 13 : 3642249183
Total Pages : 278 pages
Book Rating : 4.6/5 (422 download)
Download or read book Integrated Uncertainty in Knowledge Modelling and Decision Making written by Yongchuan Tang and published by Springer. This book was released on 2011-10-13 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the International Symposium on Integrated Uncertainty in Knowledge Modeling and Decision Making, IUKM 2011, held in Hangzhou, China, in October 2011. The 21 revised full papers presented together with 1 keynote lecture and 5 invited talks were carefully reviewed and selected from 55 submissions. The papers provide a wealth of new ideas and report both theoretical and applied research on integrated uncertainty modeling and management.
Author : Ramesh Chandra Poonia
Publisher : Springer Nature
ISBN 13 : 9811645388
Total Pages : 588 pages
Book Rating : 4.8/5 (116 download)
Download or read book Proceedings of Third International Conference on Sustainable Computing written by Ramesh Chandra Poonia and published by Springer Nature. This book was released on 2022-01-04 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book includes a selection of the best papers presented at the Third International Conference on Sustainable Computing (SUSCOM 2021), held in Jaipur, India, during 19 – 20 March 2021. It covers topics like Internet of things (IoT); artificial system of security; smart storage and knowledge retrieval using data cloud; intelligent transport management; intelligent cognitive and bio-inspired computing and management science. The book is useful for peoples from academia, government bodies, healthcare and industry to discuss their future scope.
