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Strategic Models For Designing Multi Echelon Inventory Networks With Finite Repair Capacity And Capabilities
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Book Synopsis Strategic Models for Designing Multi-echelon Inventory Networks with Finite Repair Capacity and Capabilities by : Ben David Van Roo
Download or read book Strategic Models for Designing Multi-echelon Inventory Networks with Finite Repair Capacity and Capabilities written by Ben David Van Roo and published by . This book was released on 2007 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Strategic Inventory Placement in Large-Scale Multi-Echelon Networks by : Josef Svoboda
Download or read book Strategic Inventory Placement in Large-Scale Multi-Echelon Networks written by Josef Svoboda and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The placement and sizing of safety stocks in supply chains pose a challenging optimization problem. State-of-the-art multi-echelon inventory optimization models, such as the guaranteed-service approach, are non-linear and depend on statistical, time-series-based approaches that require distributional and parametric assumptions. We propose a data-driven, non-parametric and distribution-free approach for safety stock planning in multi-echelon inventory networks that utilizes historical demand and feature data. We extend data-driven optimization in inventory control from newsvendor models to multi-period and multi-echelon problems. Our model accommodates general, acyclic multi-echelon networks and simultaneously determines safety stock allocation and sizing by setting cost-optimal base stocks for all stages under consideration of service requirements. By developing a mixed-integer programming formulation and a Benders decomposition method, we offer a novel methodological approach to a well-studied problem that can be solved with commercial mathematical programming solvers. We also provide a probabilistic analysis of the data-driven performance relative to an oracle solution when sample data is limited. We show that the mixed integer programming approach is scalable by solving 38 large-scale supply chain benchmark networks with assembly, distribution, and general structures.
Book Synopsis Multi-echelon Inventory Strategies for a Retail Replenishment Business Model by : Benjamin Michael Polak
Download or read book Multi-echelon Inventory Strategies for a Retail Replenishment Business Model written by Benjamin Michael Polak and published by . This book was released on 2014 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: The mission of the Always Available retail replenishment business at NIKE is to ensure consumer-essential products are in-stock at retailers at all times. To achieve this goal, NIKE has developed a forecast-driven, make-to-stock supply chain model which allows retailers to place weekly orders to an on-hand inventory position in a distribution center. The challenge facing the business is how to design an inventory strategy that achieves a high level of service to its customers while minimizing inventory holding cost. Specifically, safety stock holding cost is targeted as it accounts for the majority of on-hand inventory and can be reduced without significantly impacting the underlying supply chain architecture. This thesis outlines the application of multi-echelon inventory optimization in a retail replenishment business model. This technique is used to determine where and how much safety stock should be staged throughout the supply chain in order to minimize safety stock holding cost for a fixed service level. Provided a static supply chain network, the ideal safety stock locations and quantities which result in minimal total safety stock holding cost is determined. For this business, the optimal solution is to stage lower-cost component materials with long supplier lead times and high commonality across multiple finished goods at the manufacturer in addition to finished goods at the distribution centers. Safety stock holding cost reduction from component staging increases significantly when the distance between manufacturers and the distribution center decreases and for those factories producing a variety of finished goods made from the same component materials due to inventory pooling. Forecast accuracy drives the quantity of safety stock in the network. The removal of low volume, highly unpredictable products from the portfolio yields significant inventory holding cost savings without a detrimental impact to revenue. By deploying the optimal safety stock staging solution and by removing unpredictable products, this analysis shows that finish goods safety stock inventory would be reduced by 35% for the modeling period (calendar year 2012) while only decreasing topline revenue by 5%.
Book Synopsis Applications of Location Analysis by : H. A. Eiselt
Download or read book Applications of Location Analysis written by H. A. Eiselt and published by Springer. This book was released on 2015-09-22 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, companion to Foundations of Location Analysis (Springer, 2011), highlights some of the applications of location analysis within the spheres of businesses, those that deal with public services and applications that deal with law enforcement and first responders. While the Foundations book reviewed the theory and first contributions, this book describes how different location techniques have been used to solve real problems. Since many real problems comprise multiple objectives, in this book there is more presence of tools from multicriteria decision making and multiple-objective optimization. The section on business applications looks at such problems as locating bank branches, the potential location of a logistics park, sustainable forest management and layout problems in a hospital, a much more difficult type of problem than mere location problems. The section on public services presents chapters on the design of habitats for wildlife, control of forest fires, the location of intelligent sensors along highways for timely emergency response, locating breast cancer screening centers, an economic analysis for the locations of post offices and school location. The final section of the book includes chapters on the well-known problem of locating fire stations, a model for the location of sensors for travel time information, the problem of police districting, locations of jails, location of Coast Guard vessels and finally, a survey of military applications of location analysis throughout different periods of recent history.
Book Synopsis Analytical Models for Transient Behavior of Multi-echelon Repairable Item Provisioning Systems with Finite Calling Populations and Finite Repair Capacities by : Donald Gross
Download or read book Analytical Models for Transient Behavior of Multi-echelon Repairable Item Provisioning Systems with Finite Calling Populations and Finite Repair Capacities written by Donald Gross and published by . This book was released on 1982 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Transient Behavior of Large Markovian Multi-Echelon Repairable Item Inventory Systems Using a Truncated State Space Approach by : Donald Gross
Download or read book Transient Behavior of Large Markovian Multi-Echelon Repairable Item Inventory Systems Using a Truncated State Space Approach written by Donald Gross and published by . This book was released on 1986 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Calculations for large Markovian finite source, finite repair capacity two echelon repairable item inventory models are shown to be feasible using the randomization technique and a truncated state space approach. More complex models (involving transportation pipelines, multiple item types and additional echelon levels) are also considered.
Author :Institute for Operations Research and the Management Sciences. National Meeting Publisher : ISBN 13 : Total Pages :380 pages Book Rating :4.E/5 ( download)
Book Synopsis INFORMS Annual Meeting by : Institute for Operations Research and the Management Sciences. National Meeting
Download or read book INFORMS Annual Meeting written by Institute for Operations Research and the Management Sciences. National Meeting and published by . This book was released on 2006 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Designing a Multi-Product Multi-Echelon Inventory System by : Donald Gross
Download or read book Designing a Multi-Product Multi-Echelon Inventory System written by Donald Gross and published by . This book was released on 1979 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Large scale inventory distribution systems typically require a hierarchy of retail stores and warehouses to satisfy the demands of their customers. This paper presents a 0-1 nonlinear programming model for finding the best design of such systems. To use this model, it is necessary to know the optimal inventory policies for multi-echelon system. Therefore, part of this paper is devoted to describing how a dynamic programming approach, first suggested by Andrew Clark, can be used to obtained these policies. The paper presents examples of the use of the nonlinear programming model to find the design of an inventory distribution system. Finally, we present a reformulation of the nonlinear programming model as a 0-1 linear programming model, incorporate capacity constraints at the retail stores and warehouses, and illustrate the use of the new model. (Author).
Book Synopsis Optimal Design of Multi-Product Multi-Echelon Inventory Systems by : Charles E. Pinkus
Download or read book Optimal Design of Multi-Product Multi-Echelon Inventory Systems written by Charles E. Pinkus and published by . This book was released on 1972 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Large scale inventory distribution system typically comprise a hierarchy of retail stores and warehouses. The paper presents a model for finding the optimal design of such systems. Given the maximum number of facilities under consideration and their possible locations, the problem is to determine which facilities to include in the system and which products to stock at each in order to minimize the cost of the system. Demand for the products may be deterministic or stochastic. To use the model it is necessary to know the optimal inventory policies for the multi-echelon systems under consideration, however, an important feature of this work is that any multi-echelon model may be used in tandem with this design model. Included is an example to illustrate the model and the two points which are the basis for its formulation: first, there is generally no single design which is best for all products; second, the design which is optimal for a given product is not necessarily the best design to use when trying to minimize the cost of the entire system. (Author).
Book Synopsis Solution of a Multi-Echelon Inventory Model with Possible Item Repair by : Howard Harvey Hamilton
Download or read book Solution of a Multi-Echelon Inventory Model with Possible Item Repair written by Howard Harvey Hamilton and published by . This book was released on 1971 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The thesis describes briefly the scope and nature of multi-echelon inventory systems where item repair is possible at the various levels. A model is created which describes many commonly encountered real world systems. Sets of non-comparable and comparable costs are specified and a cost-effectiveness approach to the solution of the model is outlined. A nonlinear program is developed where the expected sum of comparable costs is minimized subject to a given level of fill rate (effectiveness) provided by the lower level stocking points to their customers. Several remarks are then made to indicate possible solution procedures for the program and characteristics and uses for the cost-effectiveness alternatives developed.
Book Synopsis Selected Rand Abstracts by : Rand Corporation
Download or read book Selected Rand Abstracts written by Rand Corporation and published by . This book was released on 1963 with total page 704 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes Reports (R-series), Rand Memorandums (RM-series), papers (P-series), and Books.
Book Synopsis Courses and Degrees by : Stanford University
Download or read book Courses and Degrees written by Stanford University and published by . This book was released on 1986 with total page 718 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Engineering Index Annual written by and published by . This book was released on 1988 with total page 2282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since its creation in 1884, Engineering Index has covered virtually every major engineering innovation from around the world. It serves as the historical record of virtually every major engineering innovation of the 20th century. Recent content is a vital resource for current awareness, new production information, technological forecasting and competitive intelligence. The world?s most comprehensive interdisciplinary engineering database, Engineering Index contains over 10.7 million records. Each year, over 500,000 new abstracts are added from over 5,000 scholarly journals, trade magazines, and conference proceedings. Coverage spans over 175 engineering disciplines from over 80 countries. Updated weekly.
Book Synopsis Queueing Theory in Manufacturing Systems Analysis and Design by : H.T. Papadopolous
Download or read book Queueing Theory in Manufacturing Systems Analysis and Design written by H.T. Papadopolous and published by Springer Science & Business Media. This book was released on 1993-09-30 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of the book is to acquaint the reader with the use of queueing theory in the analysis of manufacturing systems.
Book Synopsis Government Reports Announcements & Index by :
Download or read book Government Reports Announcements & Index written by and published by . This book was released on 1987 with total page 1264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Bibliography of Selected Rand Publications by : Rand Corporation
Download or read book A Bibliography of Selected Rand Publications written by Rand Corporation and published by . This book was released on 1988 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Supply Chain Network Design by : Michael Watson
Download or read book Supply Chain Network Design written by Michael Watson and published by Pearson Education. This book was released on 2013 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction and basic building blocks. Adding costs to two echelon supply chains. Advanced modeling and expanding to multiple echelons. How to get industrial streng results. Case study wrap up.