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Imperfect Inventory Systems
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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 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.
Book Synopsis Modeling Inventory Systems with Imperfect Supply by : Worawut Wangwatcharakul
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:
Book Synopsis Inventory Systems with Imperfect Asset Information by : Richard C. Morey
Download or read book Inventory Systems with Imperfect Asset Information written by Richard C. Morey and published by . This book was released on 1970 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report studies inventory systems in which the stock records are in error. The overall goal is to determine economically the proper level of stock record accuracy to maintain, consistent with insuring that the remaining errors do not contribute significantly to warehouse denials, i.e., phenomena in which the stock records show a balance sufficient to cover a material release order, but for which insufficient units of physical stock can be found. The factors considered in addition to the statistics of the errors, are the costs and movement of the items and the costs and accuracies of the various types of counting procedures available. The approach taken determines the type and frequency of the counts, together with the modifications to a predetermined stocking policy, to insure, at minimum total cost per unit time, that the likelihood of a warehouse denial occurring between counts is held below some prescribed level. (Author).
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 644 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.
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.
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).
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.
Download or read book Disruption Management written by Gang Yu and published by World Scientific. This book was released on 2004 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pioneering book addresses the latest research findings and application results on disruption management, which is the study of how to dynamically recover a predetermined operational plan when various disruptions prevent the original plan from being executed smoothly.
Book Synopsis New Models for Sustainable Logistics by : Salvatore Digiesi
Download or read book New Models for Sustainable Logistics written by Salvatore Digiesi and published by Springer. This book was released on 2015-08-05 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces new inventory models to support decision-making when cost of externalities are jointly considered along with costs of logistics. Internalization of cost of externalities gives rise to new logistics costs estimates and functions which managers, researchers, lecturers and students should refer in facing with logistics issues. This book focuses on freight transports of industrial production systems. Logistics play a key role for industries since it reveals a critical function designed and managed to pursue economic goals. A large amount of literature is available providing models, which can be used to minimize logistic costs. However, these models usually neglect externalities. New Models for Sustainable Logistics: Internalization of External Costs in Inventory Management is comprised of three chapters. Chapter 1 provides a taxonomy of external costs figures as well as data set enabling the reader to perform reliable estimates of freight transport external costs. To this purpose, a full scale case study is developed. Chapter 2 describes a new sustainable inventory management model whose cost functions include externalities. The classical ‘Economic Order Quantity’ model is re-formulated and the new concept of Sustainable Order Quantity (SOQ) is defined. Finally, in Chapter 3 the SOQ model is formulated for different inventory management applications referred to both deterministic and stochastic production environments. Numerical examples are also provided.
Download or read book Imperfect written by Sanjay Manjrekar and published by Harper Collins. This book was released on 2017-12-20 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: A memoir like no other, from a cricketing expert known for speaking his mind This book is about me, my cricket career, my life. My strengths and weaknesses, my successes and failures. Every individual lives a uniquely different life. Life stories are always interesting. No one leads an uneventful life. Having been a sportsman, I also want young, aspiring sportsmen to learn from my career. Like a father once said to his son: 'I made twenty mistakes in my life, you'll make twenty new ones.' In Imperfect, Sanjay Manjrekar uses his famous analytical powers to look back on his own career as a cricketer. His photographic memory takes the reader along on his journey from the dusty maidans of Mumbai to the world stage as the combative batsman faces up to the fearsome West Indian and Pakistani pace attacks. In his precise plainspeak, Sanjay reflects on his father Vijay Manjrekar and the effects of his personality on his game. He comments on the complex equations with the India greats with whom he shared the dressing room, and on the lessons learnt from his opponents. He also reveals his own excruciating obsession with batting technique, the quest for perfection, and the battle to shake off his mental shackles. Imperfect sets a new standard for cricket writing in India, with significant life lessons even for those who aren't cricket fans.
Book Synopsis Soft Computing in Inventory Management by : Nita H. Shah
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.
Book Synopsis Imperfect Unions by : Helga Haftendorn
Download or read book Imperfect Unions written by Helga Haftendorn and published by OUP Oxford. This book was released on 1999-07-01 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: International institutions play important roles in political-military issues as well as in economic and environmental affairs. Indeed, it is impossible to understand efforts to resolve regional and local conflicts, or the form and pace of alliance formation and expansion, without paying attention to security institutions. Imperfect Unions discusses a wide variety of security institutions, including NATO, the Western European Union, United Nations peacekeeping, the ASEAB Regional Forum, and the Organisation for Security and Co-operation in Europe. It describes changes in security institutions, documents the effects of such institutions on national policies, and explores the conditions that affect the patterns of co-operation and discord that ensue. The book helps to improve our understanding of recent developments in international relations such as NATO enlargement and the regionalization of peacekeeping. In theoretical terms, it shows how institutionalist approaches, such as those represented in this volume, can enrich the important field of security studies.
Book Synopsis The Value of Perfect and Imperfect Information in a Multi-location Inventory System by : Assaf Avrahami
Download or read book The Value of Perfect and Imperfect Information in a Multi-location Inventory System written by Assaf Avrahami and published by . This book was released on 2012 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fuzzy Optimization, Decision-making and Operations Research by : Chiranjibe Jana
Download or read book Fuzzy Optimization, Decision-making and Operations Research written by Chiranjibe Jana and published by Springer Nature. This book was released on 2023-11-25 with total page 753 pages. Available in PDF, EPUB and Kindle. Book excerpt: After developing fuzzy set theory, many contributors focused their research on the extension of fuzzy sets and their computational methodologies, strengthening modern science and technology. In some real-life phenomena, the conventional methods and traditional fuzzy sets cannot be explained, whereas the extension of fuzzy sets and effective new computing methods can explain it adequately. This edited book presents a new view of fuzzy set-measurement methods entitled "Fuzzy Optimization, Decision Making and Operations Research: Theory and Applications", which deals with different perspectives and areas of research. All chapters are divided into three parts: fuzzy optimization, fuzzy decision-making, and fuzzy operation research. The goal of this book is to provide a relevant methodological framework covering the core fields of fuzzy decision-making method, fuzzy optimization method, fuzzy graphics method, fuzzy operations research, fuzzy optimization using graph theory, fuzzy support systems and its real and industrial applications. For many people, fuzzy words' industrial engineering and scientific meanings are still an advanced system for improving modern science and technology. Although fuzzy logic can be applied to many different areas, people do not know how different fuzzy approaches can be applied to various products currently on the market. It is written for professionals who wish to share their expertise, improve their findings, and provide relevant information in the fields of fuzzy methods and their application in decision-making, optimization theory, graph theory and operations research. This book is aimed at experts and practitioners in the fields of fuzzy optimization, fuzzy decision-making, and fuzzy operation research.
Book Synopsis Quantitative Modeling in Inventory Management with Imperfect Information by : Aykut Atali
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:
Book Synopsis Applications of Remote Sensing in Coastal Areas by : Konstantinos Topouzelis
Download or read book Applications of Remote Sensing in Coastal Areas written by Konstantinos Topouzelis 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: Coastal areas are remarkable regions with high spatiotemporal variability. A large population is affected by their physical and biological processes—resulting from effects on tourism to biodiversity and productivity. Coastal ecosystems perform several critical ecosystem services and functions, such as water oxygenation and nutrients provision, seafloor and beach stabilization (as sediment is controlled and trapped within the rhizomes of the seagrass meadows), carbon burial, as areas for nursery, and as refuge for several commercial and endemic species. Knowledge of the spatial distribution of marine habitats is prerequisite information for the conservation and sustainable use of marine resources. Remote sensing from UAVs to spaceborne sensors is offering a unique opportunity to measure, analyze, quantify, map, and explore the processes on the coastal areas at high temporal frequencies. This Special Issue on “Application of Remote Sensing in Coastal Areas” is specifically addresses those successful applications—from local to regional scale—in coastal environments related to ecosystem productivity, biodiversity, sea level rise.
Book Synopsis Application of Optimization in Production, Logistics, Inventory, Supply Chain Management and Block Chain by : Biswajit Sarkar
Download or read book Application of Optimization in Production, Logistics, Inventory, Supply Chain Management and Block Chain written by Biswajit Sarkar and published by MDPI. This book was released on 2020-04-23 with total page 618 pages. Available in PDF, EPUB and Kindle. Book excerpt: The evolution of industrial development since the 18th century is now experiencing the fourth industrial revolution. The effect of the development has propagated into almost every sector of the industry. From inventory to the circular economy, the effectiveness of technology has been fruitful for industry. The recent trends in research, with new ideas and methodologies, are included in this book. Several new ideas and business strategies are developed in the area of the supply chain management, logistics, optimization, and forecasting for the improvement of the economy of the society and the environment. The proposed technologies and ideas are either novel or help modify several other new ideas. Different real life problems with different dimensions are discussed in the book so that readers may connect with the recent issues in society and industry. The collection of the articles provides a glimpse into the new research trends in technology, business, and the environment.
