Multistage perishable inventory systems

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ISBN 13 :
Total Pages : 224 pages
Book Rating : 4.:/5 (266 download)

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Book Synopsis Multistage perishable inventory systems by : Chan-Huat Goh

Download or read book Multistage perishable inventory systems written by Chan-Huat Goh and published by . This book was released on 1991 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Perishable Inventory Systems

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Publisher : Springer Science & Business Media
ISBN 13 : 1441979999
Total Pages : 89 pages
Book Rating : 4.4/5 (419 download)

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Book Synopsis Perishable Inventory Systems by : Steven Nahmias

Download or read book Perishable Inventory Systems written by Steven Nahmias and published by Springer Science & Business Media. This book was released on 2011-05-17 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: A perishable item is one that has constant utility up until an expiration date (which may be known or uncertain), at which point the utility drops to zero. This includes many types of packaged foods such as milk, cheese, processed meats, and canned goods. It also includes virtually all pharmaceuticals and photographic film, as well as whole blood supplies. This book is the first devoted solely to perishable inventory systems. The book’s ten chapters first cover the preliminaries of periodic review versus continuous review and look at a one-period newsvendor perishable inventory model. The author moves to the basic multiperiod dynamic model, and then considers the extensions of random lifetime, inclusion of a set-up cost, and multiproduct models of perishables. A chapter on continuous review models looks at one-for-one policies, models with zero lead time, optimal policies with positive lead time, and an alternative approach. Additional chapters present material on approximate order policies, inventory depletion management, and deterministic models, including the basic EOQ model with perishability and the dynamic deterministic model with perishability. Finally, chapters explore decaying inventories, queues with impatient customers, and blood bank inventory control. Anyone researching perishable inventory systems will find much to work with here. Practitioners and consultants will also now have a single well-referenced source of up-to-date information to work with.

On Multi-product Perishable Inventory Systems with Dependent Demands

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ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (781 download)

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Book Synopsis On Multi-product Perishable Inventory Systems with Dependent Demands by : Bryan L. Deuermeyer

Download or read book On Multi-product Perishable Inventory Systems with Dependent Demands written by Bryan L. Deuermeyer and published by . This book was released on 1977 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Integrated Multi-stage Inventory Management for Perishable Materials in Aerospace Industry

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ISBN 13 :
Total Pages : 336 pages
Book Rating : 4.:/5 (223 download)

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Book Synopsis Integrated Multi-stage Inventory Management for Perishable Materials in Aerospace Industry by : Henmaidi

Download or read book Integrated Multi-stage Inventory Management for Perishable Materials in Aerospace Industry written by Henmaidi and published by . This book was released on 2002 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Managing Perishable Inventory Systems with Multiple Demand Classes

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ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Managing Perishable Inventory Systems with Multiple Demand Classes by : Hossein Abouee Mehrizi

Download or read book Managing Perishable Inventory Systems with Multiple Demand Classes written by Hossein Abouee Mehrizi and published by . This book was released on 2018 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we study a multi-period stochastic perishable inventory system with multiple demand classes that require products of different ages. The firm orders the product with a positive leadtime and sells it to multiple demand classes, each only accepting products with remaining lifetime longer than a threshold. In each period, after demand realization, the firm decides how to allocate the on-hand inventory to different demand classes with different backorder or lost-sale cost. At the end of each period, the firm can dispose inventory of any age. We formulate this problem as a Markov decision process and characterize the optimal ordering, allocation, and disposal policies. When unfulfilled demand is backlogged, we show that the optimal order quantity is decreasing in the inventory levels and is more sensitive to the inventory level of fresher products, the optimal allocation policy is a sequential rationing policy, and the optimal disposal policy is characterized by a set of thresholds. For the lost-sale case, we show that the optimal allocation and disposal policies have the same structure but the optimal ordering policy may be different. Based on the structure of the optimal policy, we develop an efficient heuristic that is at most 4% away from the optimal cost in our numerical examples. Using numerical studies, we show that the ordering and allocation policies are close to optimal even if the firm cannot intentionally dispose products. Moreover, ignoring the difference between demand classes and using a simple allocation policy (e.g., FIFO) can significantly increase the total cost. We examine how the firm can improve the control of perishable items and show that the benefit of decreasing the leadtime is more significant than that of increasing the lifetime of the products or that of decreasing the acceptance threshold of the demand. The analysis is extended to systems with age dependent disposal cost and stochastic supply.

Multi-stage, Multi-product Production/inventory Systems

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ISBN 13 :
Total Pages : 230 pages
Book Rating : 4.:/5 (551 download)

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Book Synopsis Multi-stage, Multi-product Production/inventory Systems by : Goang An Shiue

Download or read book Multi-stage, Multi-product Production/inventory Systems written by Goang An Shiue and published by . This book was released on 1995 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Research Handbook on Inventory Management

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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.

Stochastic Perishable Inventory Systems

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ISBN 13 :
Total Pages : 61 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Stochastic Perishable Inventory Systems by : Yuhe Diao

Download or read book Stochastic Perishable Inventory Systems written by Yuhe Diao and published by . This book was released on 2016 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study a single-item, multi-period, stochastic perishable inventory problem under both backlogging and lost-sales circumstances, with and without an order capacity constraint in each period. We first model the problem as a dynamic program and then develop two heuristics namely, Dual-Balancing (DB) and Look-Ahead (LA) policies, to approximate the optimal inventory level at the beginning of each period. To characterize the holding and backlog cost functions under the proposed polices, we introduce a truncated marginal holding cost for the marginal cost accounting scheme. Our numerical examples demonstrate that both DB and LA policies have a possible worst-case performance guarantee of two in perishable inventory systems under different assumptions, and the LA policy significantly outperforms the DB policy in most situations. We also analyze the target inventory level in each period (the inventory level at the beginning of each period) under different policies. We observe that the target inventory level under the LA policy is not larger than the optimal one in each period in systems without an order capacity constraint.

Coordinated Multi-stage Inventory Systems with Stochastic Demand

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Publisher :
ISBN 13 : 9789162838713
Total Pages : 27 pages
Book Rating : 4.8/5 (387 download)

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Book Synopsis Coordinated Multi-stage Inventory Systems with Stochastic Demand by : Jonas Andersson

Download or read book Coordinated Multi-stage Inventory Systems with Stochastic Demand written by Jonas Andersson and published by . This book was released on 1999 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Inventory Management

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Publisher : CRC Press
ISBN 13 : 1420079980
Total Pages : 246 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Inventory Management by : Mohamad Y. Jaber

Download or read book Inventory Management written by Mohamad Y. Jaber and published by CRC Press. This book was released on 2009-08-11 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: As markets become more dynamic and competitive, companies must reconsider how they view inventory and make changes to their production and inventory systems. They must begin to think outside the classical box and develop a new paradigm of inventory management. Exploring the trend away from classical models based on economic order quantities to depe

Inventory Management for a Perishable Product Multi-echelon System

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ISBN 13 :
Total Pages : 150 pages
Book Rating : 4.:/5 (719 download)

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Book Synopsis Inventory Management for a Perishable Product Multi-echelon System by : Hsiang-Chun Yen

Download or read book Inventory Management for a Perishable Product Multi-echelon System written by Hsiang-Chun Yen and published by . This book was released on 1975 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Inventory Policies for Multi-product Inventory Systems with Perishable and Non-perishable Components

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (96 download)

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Book Synopsis Inventory Policies for Multi-product Inventory Systems with Perishable and Non-perishable Components by : Suriawati Sahari

Download or read book Inventory Policies for Multi-product Inventory Systems with Perishable and Non-perishable Components written by Suriawati Sahari and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Perishable Items in Multi-level Inventory Systems

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ISBN 13 :
Total Pages : 55 pages
Book Rating : 4.:/5 (938 download)

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Book Synopsis Perishable Items in Multi-level Inventory Systems by :

Download or read book Perishable Items in Multi-level Inventory Systems written by and published by . This book was released on 2009 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Analytical Approach to Multistage Inventory Systems

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Publisher :
ISBN 13 :
Total Pages : 146 pages
Book Rating : 4.:/5 (244 download)

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Book Synopsis An Analytical Approach to Multistage Inventory Systems by : Harry Kaplowitz

Download or read book An Analytical Approach to Multistage Inventory Systems written by Harry Kaplowitz and published by . This book was released on 1965 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A General Approach to Set Safety Stocks in Multi-stage Inventory Systems Under Rolling Horizon Mathematical Programming Models

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Publisher :
ISBN 13 : 9789038608358
Total Pages : 21 pages
Book Rating : 4.6/5 (83 download)

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Book Synopsis A General Approach to Set Safety Stocks in Multi-stage Inventory Systems Under Rolling Horizon Mathematical Programming Models by : Youssef Boulaksil

Download or read book A General Approach to Set Safety Stocks in Multi-stage Inventory Systems Under Rolling Horizon Mathematical Programming Models written by Youssef Boulaksil and published by . This book was released on 2006 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Variations in Optimizing Serial Multi-stage Production/inventory Systems

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Publisher :
ISBN 13 :
Total Pages : 18 pages
Book Rating : 4.:/5 (824 download)

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Book Synopsis Variations in Optimizing Serial Multi-stage Production/inventory Systems by : Andrew Z. Szendrovits

Download or read book Variations in Optimizing Serial Multi-stage Production/inventory Systems written by Andrew Z. Szendrovits and published by . This book was released on 1977 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Coordinated Control of Multi-stage Inventory Systems

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Publisher :
ISBN 13 : 9789163062896
Total Pages : 144 pages
Book Rating : 4.0/5 (628 download)

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Book Synopsis Coordinated Control of Multi-stage Inventory Systems by :

Download or read book Coordinated Control of Multi-stage Inventory Systems written by and published by . This book was released on 1997 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: