Inventory Models For Substitutable Products

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Optimal Decision Making in Operations Research and Statistics

Author : Irfan Ali
Publisher : CRC Press
ISBN 13 : 1000404722
Total Pages : 434 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Optimal Decision Making in Operations Research and Statistics by : Irfan Ali

Download or read book Optimal Decision Making in Operations Research and Statistics written by Irfan Ali and published by CRC Press. This book was released on 2021-11-29 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides insights in the decision-making for implementing strategies in various spheres of real-world issues. It integrates optimal policies in various decisionmaking problems and serves as a reference for researchers and industrial practitioners. Furthermore, the book provides sound knowledge of modelling of real-world problems and solution procedure using the various optimisation and statistical techniques for making optimal decisions. The book is meant for teachers, students, researchers and industrialists who are working in the field of materials science, especially operations research and applied statistics.

Proceedings of First International Conference on Mathematical Modeling and Computational Science

Author : Sheng-Lung Peng
Publisher : Springer Nature
ISBN 13 : 9813343893
Total Pages : 675 pages
Book Rating : 4.8/5 (133 download)

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Book Synopsis Proceedings of First International Conference on Mathematical Modeling and Computational Science by : Sheng-Lung Peng

Download or read book Proceedings of First International Conference on Mathematical Modeling and Computational Science written by Sheng-Lung Peng and published by Springer Nature. This book was released on 2021-05-04 with total page 675 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the most recent scientific and technological advances in the fields of engineering mathematics and computational science, to strengthen the links in the scientific community. It is a collection of high-quality, peer-reviewed research papers presented at the First International Conference on Mathematical Modeling and Computational Science (ICMMCS 2020), held in Pattaya, Thailand, during 14–15 August 2020. The topics covered in the book are mathematical logic and foundations, numerical analysis, neural networks, fuzzy set theory, coding theory, higher algebra, number theory, graph theory and combinatory, computation in complex networks, calculus, differential educations and integration, application of soft computing, knowledge engineering, machine learning, artificial intelligence, big data and data analytics, high-performance computing, network and device security, and Internet of things (IoT).

Application of Optimization in Production, Logistics, Inventory, Supply Chain Management and Block Chain

Author : Biswajit Sarkar
Publisher : MDPI
ISBN 13 : 303928522X
Total Pages : 618 pages
Book Rating : 4.0/5 (392 download)

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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.

Optimization and Inventory Management

Author : Nita H. Shah
Publisher : Springer Nature
ISBN 13 : 9811396981
Total Pages : 466 pages
Book Rating : 4.8/5 (113 download)

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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 466 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.

Handbook of Newsvendor Problems

Author : Tsan-Ming Choi
Publisher : Springer Science & Business Media
ISBN 13 : 1461436001
Total Pages : 386 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis Handbook of Newsvendor Problems by : Tsan-Ming Choi

Download or read book Handbook of Newsvendor Problems written by Tsan-Ming Choi and published by Springer Science & Business Media. This book was released on 2012-06-09 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a fundamental problem in stochastic inventory control, the newsvendor problem has been studied since the 18th century in the economic literature, and has been widely used to analyze supply chains in fashion and seasonal product industries. Since the 1950s, the newsvendor problem has been extensively studied in operations research and extended to model a variety of real-life problems. The simplest and most elementary version of the newsvendor problem is an optimal stocking problem in which a newsvendor needs to decide how many newspapers to order for future demand, where the future demand is uncertain and follows a stationary distribution. Research in this area has greatly increased over the last few years, and now the Handbook of Newsvendor Problems: Models, Extensions and Applications captures the state of the art. The handbook consists of two sections -- Models and Extensions, and Applications. Each section includes many interesting works in the respective domain. Section I presents papers on topics like the multi-product newsvendor problems; the newsvendor problem with law invariant coherent measures of risk; a Copula approach to inventory pooling problems with newsvendor products; repeated newsvendor games with transshipments; cooperative newsvendor games; an economic interpretation for the price-setting newsvendor problem; newsvendor models with alternative risk preferences within expected utility theory and prospect theory frameworks; and newsvendor problems with VaR and CVaR consideration. Section II presents papers on such topics as a two-period newsvendor problem for closed-loop supply chain analysis; the remanufacturing newsvendor problem; inventory centralization in a newsvendor setting when shortage costs differ; production planning on an unreliable machine for multiple items; analysis of the newsvendor problem under carbon emissions policies; optimal decisions of the manufacturer and distributor in a fresh product supply chain involving long distance transportation; a newsvendor perspective on profit target setting for multiple divisions; and a portfolio approach to multi-product newsvendor problem with budget constraint. This well-balanced handbook presents a wealth of theoretical results from different perspectives. With contributions from many of the leading researchers in the field, the Handbook of Newsvendor Problems: Models, Extensions and Applications is a timely addition to the literature and consolidates all the new and exciting works related to the newsvendor problem into one high quality source.

Applications of Operational Research in Business and Industries

Author : Angappa Gunasekaran
Publisher : Springer Nature
ISBN 13 : 9811980128
Total Pages : 513 pages
Book Rating : 4.8/5 (119 download)

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Book Synopsis Applications of Operational Research in Business and Industries by : Angappa Gunasekaran

Download or read book Applications of Operational Research in Business and Industries written by Angappa Gunasekaran and published by Springer Nature. This book was released on 2023-05-21 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effective decision-making while trading off the constraints and conflicting multiple objectives under rapid technological developments, massive generation of data, and extreme volatility is of paramount importance to organizations to win over the time-based competition today. While agility is a crucial issue, the firms have been increasingly relying on evidence-based decision-making through intelligent decision support systems driven by computational intelligence and automation to achieve a competitive advantage. The decisions are no longer confined to a specific functional area. Instead, business organizations today find actionable insight for formulating future courses of action by integrating multiple objectives and perspectives. Therefore, multi-objective decision-making plays a critical role in businesses and industries. In this regard, the importance of Operations Research (OR) models and their applications enables the firms to derive optimum solutions subject to various constraints and/or objectives while considering multiple functional areas of the organizations together. Hence, researchers and practitioners have extensively applied OR models to solve various organizational issues related to manufacturing, service, supply chain and logistics management, human resource management, finance, and market analysis, among others. Further, OR models driven by AI have been enabled to provide intelligent decision-support frameworks for achieving sustainable development goals. The present issue provides a unique platform to showcase the contributions of the leading international experts on production systems and business from academia, industry, and government to discuss the issues in intelligent manufacturing, operations management, financial management, supply chain management, and Industry 4.0 in the Artificial Intelligence era. Some of the general (but not specific) scopes of this proceeding entail OR models such as Optimization and Control, Combinatorial Optimization, Queuing Theory, Resource Allocation Models, Linear and Nonlinear Programming Models, Multi-objective and multi-attribute Decision Models, Statistical Quality Control along with AI, Bayesian Data Analysis, Machine Learning and Econometrics and their applications vis-à-vis AI & Data-driven Production Management, Marketing and Retail Management, Financial Management, Human Resource Management, Operations Management, Smart Manufacturing & Industry 4.0, Supply Chain and Logistics Management, Digital Supply Network, Healthcare Administration, Inventory Management, consumer behavior, security analysis, and portfolio management and sustainability. The present issue shall be of interest to the faculty members, students, and scholars of various engineering and social science institutions and universities, along with the practitioners and policymakers of different industries and organizations.

Retail Analytics

Author : Anna-Lena Sachs
Publisher : Springer
ISBN 13 : 3319133055
Total Pages : 126 pages
Book Rating : 4.3/5 (191 download)

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Book Synopsis Retail Analytics by : Anna-Lena Sachs

Download or read book Retail Analytics written by Anna-Lena Sachs and published by Springer. This book was released on 2014-12-10 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the challenging task of demand forecasting and inventory management in retailing. It analyzes how information from point-of-sale scanner systems can be used to improve inventory decisions, and develops a data-driven approach that integrates demand forecasting and inventory management for perishable products, while taking unobservable lost sales and substitution into account in out-of-stock situations. Using linear programming, a new inventory function that reflects the causal relationship between demand and external factors such as price and weather is proposed. The book subsequently demonstrates the benefits of this new approach in numerical studies that utilize real data collected at a large European retail chain. Furthermore, the book derives an optimal inventory policy for a multi-product setting in which the decision-maker faces an aggregated service level target, and analyzes whether the decision-maker is subject to behavioral biases based on real data for bakery products.

Proceedings of the 8th International Conference on the Applications of Science and Mathematics

Author : Aida Mustapha
Publisher : Springer Nature
ISBN 13 : 9819928508
Total Pages : 433 pages
Book Rating : 4.8/5 (199 download)

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Book Synopsis Proceedings of the 8th International Conference on the Applications of Science and Mathematics by : Aida Mustapha

Download or read book Proceedings of the 8th International Conference on the Applications of Science and Mathematics written by Aida Mustapha and published by Springer Nature. This book was released on 2023-08-01 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents peer-reviewed articles and recent advances on the potential applications of Science and Mathematics for future technologies, from the 8th International Conference on the Applications of Science and Mathematics (SCIEMATHIC 2022), held in Malaysia. It provides an insight about the leading trends in sustainable Science and Technology. Topics included in this proceedings are in the areas of Mathematics and Statistics, including Natural Science, Engineering and Artificial Intelligence.

Managing in the Information Economy

Author : Uday Apte
Publisher : Springer Science & Business Media
ISBN 13 : 0387368922
Total Pages : 475 pages
Book Rating : 4.3/5 (873 download)

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Book Synopsis Managing in the Information Economy by : Uday Apte

Download or read book Managing in the Information Economy written by Uday Apte and published by Springer Science & Business Media. This book was released on 2007-08-10 with total page 475 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents recent research directions that address management in the information economy. The contributors include leading researchers with interests in a diverse set of topics who highlight important areas and point to some important topics for future research. The book begins with perspectives at the level of the economy as a whole and then progressively addresses industrial structure, sectors, functions, and business practices.

Technology Innovation in Mechanical Engineering

Author : Prem Kumar Chaurasiya
Publisher : Springer Nature
ISBN 13 : 9811679096
Total Pages : 1028 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis Technology Innovation in Mechanical Engineering by : Prem Kumar Chaurasiya

Download or read book Technology Innovation in Mechanical Engineering written by Prem Kumar Chaurasiya and published by Springer Nature. This book was released on 2022-04-29 with total page 1028 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book comprises select papers presented at the conference on Technology Innovation in Mechanical Engineering (TIME-2021). The book discusses the latest innovation and advanced research in the diverse field of Mechanical Engineering such as materials, manufacturing processes, evaluation of materials properties for the application in automotive, aerospace, marine, locomotive and energy sectors. The topics covered include advanced metal forming, Energy Efficient systems, Material Characterization, Advanced metal forming, bending, welding & casting techniques, Composite and Polymer Manufacturing, Intermetallics, Future generation materials, Laser Based Manufacturing, High-Energy Beam Processing, Nano materials, Smart Material, Super Alloys, Powder Metallurgy and Ceramic Forming, Aerodynamics, Biological Heat & Mass Transfer, Combustion & Propulsion, Cryogenics, Fire Dynamics, Refrigeration & Air Conditioning, Sensors and Transducers, Turbulent Flows, Reactive Flows, Numerical Heat Transfer, Phase Change Materials, Micro- and Nano-scale Transport, Multi-phase Flows, Nuclear & Space Applications, Flexible Manufacturing Technology & System, Non-Traditional Machining processes, Structural Strength and Robustness, Vibration, Noise Analysis and Control, Tribology. In addition, it discusses industrial applications and cover theoretical and analytical methods, numerical simulations and experimental techniques in the area of Mechanical Engineering. The book will be helpful for academics, including graduate students and researchers, as well as professionals interested in interdisciplinary topics in the areas of materials, manufacturing, and energy sectors.

Recent Advances in Intelligent Information Systems and Applied Mathematics

Author : Oscar Castillo
Publisher : Springer Nature
ISBN 13 : 3030341526
Total Pages : 923 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Recent Advances in Intelligent Information Systems and Applied Mathematics by : Oscar Castillo

Download or read book Recent Advances in Intelligent Information Systems and Applied Mathematics written by Oscar Castillo and published by Springer Nature. This book was released on 2020-01-31 with total page 923 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the latest advances in intelligent techniques such as fuzzy logic, neural networks, and optimization algorithms, and their relevance in building intelligent information systems in combination with applied mathematics. The authors also outline the applications of these systems in areas like intelligent control and robotics, pattern recognition, medical diagnosis, time series prediction, and optimization of complex problems. By sharing fresh ideas and identifying new targets/problems it offers young researchers and students new directions for their future research. The book is intended for readers from mathematics and computer science, in particular professors and students working on theory and applications of intelligent systems for real-world applications.

Innovative Quick Response Programs in Logistics and Supply Chain Management

Author : T. C. Edwin Cheng
Publisher : Springer Science & Business Media
ISBN 13 : 3642043135
Total Pages : 470 pages
Book Rating : 4.6/5 (42 download)

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Book Synopsis Innovative Quick Response Programs in Logistics and Supply Chain Management by : T. C. Edwin Cheng

Download or read book Innovative Quick Response Programs in Logistics and Supply Chain Management written by T. C. Edwin Cheng and published by Springer Science & Business Media. This book was released on 2010-03-11 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quick Response (QR) policy is a market-driven business strategy in which supply chain members work together to react quickly to volatile market demand. Nowadays, with advances in information technologies (such as RFID and ERP systems), new challenges and opportunities arise for the application of QR. This handbook explores QR extensively with a view to discovering innovative QR measures that can help tackle the observed and emerging challenges. The book is organized into four parts, which include chapters on analytical modeling and analyses, information technologies, cases, reviews, and applications. This handbook provides new analytical and empirical results with valuable insights, which will not only help supply chain agents to better understand the latest applications of QR in business, but also help practitioners and researchers to know how to improve the effectiveness of QR using innovative methods.

Managing in the Information Economy

Author : Uday Apte
Publisher : Springer Science & Business Media
ISBN 13 : 0387342141
Total Pages : 475 pages
Book Rating : 4.3/5 (873 download)

DOWNLOAD NOW!

Book Synopsis Managing in the Information Economy by : Uday Apte

Download or read book Managing in the Information Economy written by Uday Apte and published by Springer Science & Business Media. This book was released on 2007-06-25 with total page 475 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents recent research directions that address management in the information economy. The contributors include leading researchers with interests in a diverse set of topics who highlight important areas and point to some important topics for future research. The book begins with perspectives at the level of the economy as a whole and then progressively addresses industrial structure, sectors, functions, and business practices.

Optimality of Myopic Inventory Policies for Several Substitute Products

Author : Stanford University. Department of Operations Research
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Optimality of Myopic Inventory Policies for Several Substitute Products by : Stanford University. Department of Operations Research

Download or read book Optimality of Myopic Inventory Policies for Several Substitute Products written by Stanford University. Department of Operations Research and published by . This book was released on 1967 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multiproduct inventory systems with proportional ordering costs and stochastic demands are studied. New conditions are obtained under which a myopic ordering policy (a policy of minimizing expected cost in the current period alone) is optimal for a sequence of periods for all initial inventory levels. An important one of these, the substitute property, holds when the myopic policy is such that increasing the initial inventory of one product does not increase the quantity ordered of any product. Conditions on the one period expected holding and shortage cost function, which are of independent interest in nonlinear programming, are shown to imply the substitute property. Applications of these conditions to models with storage or investment limitations and to a multiechelon model are given. Under backlogging the usual extension to a fixed delivery lag is obtained. Some non-stationary cases are also treated. (Author).

Contemporary Approaches and Strategies for Applied Logistics

Author : Wood, Lincoln C.
Publisher : IGI Global
ISBN 13 : 152255274X
Total Pages : 504 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Contemporary Approaches and Strategies for Applied Logistics by : Wood, Lincoln C.

Download or read book Contemporary Approaches and Strategies for Applied Logistics written by Wood, Lincoln C. and published by IGI Global. This book was released on 2018-01-30 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evaluating the role of logistics and supply chain management skills or applications is necessary for the success of any organization or business. As market competition becomes more aggressive, it is crucial to evaluate ways in which a business can maintain a strategic edge over competitors. Contemporary Approaches and Strategies for Applied Logistics is a critical scholarly resource that examines applied research and development in logistics and supply chain management. Featuring coverage on a broad range of topics, such as computational logistics, inventory management, and partnership formation, this book is geared towards academicians, researchers, and practitioners seeking current research on enabling an efficient and sustainable economy.

Planning Production and Inventories in the Extended Enterprise

Author : Karl G. Kempf
Publisher : Springer Science & Business Media
ISBN 13 : 1441964851
Total Pages : 652 pages
Book Rating : 4.4/5 (419 download)

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Book Synopsis Planning Production and Inventories in the Extended Enterprise by : Karl G. Kempf

Download or read book Planning Production and Inventories in the Extended Enterprise written by Karl G. Kempf and published by Springer Science & Business Media. This book was released on 2011-01-12 with total page 652 pages. Available in PDF, EPUB and Kindle. Book excerpt: In two volumes, Planning Production and Inventories in the Extended Enterprise: A State of the Art Handbook examines production planning across the extended enterprise against a backdrop of important gaps between theory and practice. The early chapters describe the multifaceted nature of production planning problems and reveal many of the core complexities. The middle chapters describe recent research on theoretical techniques to manage these complexities. Accounts of production planning system currently in use in various industries are included in the later chapters. Throughout the two volumes there are suggestions on promising directions for future work focused on closing the gaps.

Advanced Methodologies and Technologies in Business Operations and Management

Author : Khosrow-Pour, D.B.A., Mehdi
Publisher : IGI Global
ISBN 13 : 1522573631
Total Pages : 1482 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Advanced Methodologies and Technologies in Business Operations and Management by : Khosrow-Pour, D.B.A., Mehdi

Download or read book Advanced Methodologies and Technologies in Business Operations and Management written by Khosrow-Pour, D.B.A., Mehdi and published by IGI Global. This book was released on 2018-09-14 with total page 1482 pages. Available in PDF, EPUB and Kindle. Book excerpt: Businesses consistently work on new projects, products, and workflows to remain competitive and successful in the modern business environment. To remain zealous, businesses must employ the most effective methods and tools in human resources, project management, and overall business plan execution as competitors work to succeed as well. Advanced Methodologies and Technologies in Business Operations and Management provides emerging research on business tools such as employee engagement, payout policies, and financial investing to promote operational success. While highlighting the challenges facing modern organizations, readers will learn how corporate social responsibility and utilizing artificial intelligence improve a company’s culture and management. This book is an ideal resource for executives and managers, researchers, accountants, and financial investors seeking current research on business operations and management.