• Title/Summary/Keyword: Arrival Management

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Optimal Lot-sizing and Pricing with Markdown for a Newsvendor Problem

  • Chen, Jen-Ming;Chen, Yi-Shen;Chien, Mei-Chen
    • Industrial Engineering and Management Systems
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    • v.7 no.3
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    • pp.257-265
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    • 2008
  • This paper deals with the joint decisions on pricing and ordering for a monopolistic retailer who sells perishable goods with a fixed lifetime or demand period. The newsvendor-typed problem is formulated as a two-period inventory system where the first period represents the inventory of fresh or new-arrival items and the second period represents the inventory of items that are older but still usable. Demand may be for either fresh items or for somewhat older items that exhibit physical decay or deterioration. The retailer is allowed to adjust the selling price of the deteriorated items in the second period, which stimulates demand and reduces excess season-end or stale inventory. This paper develops a stochastic dynamic programming model that solves the problem of preseason decisions on ordering-pricing and a within-season decision on markdown pricing. We also develop a fixed-price model as a benchmark against the dual-price dynamic model. To illustrate the effect of the dual-price policy on expected profit, we conduct a comparative study between the two models. Extension to a generalized multi-period model is also discussed.

Mathematical Model for Revenue Management with Overbooking and Costly Price Adjustment for Hotel Industries

  • Masruroh, Nur Aini;Mulyani, Yun Prihantina
    • Industrial Engineering and Management Systems
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    • v.12 no.3
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    • pp.207-223
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    • 2013
  • Revenue management (RM) has been widely used to model products characterized as perishable. Classical RM model assumed that price is the sole factor in the model. Thus price adjustment becomes a crucial and costly factor in business. In this paper, an optimal pricing model is developed based on minimization of soft customer cost, one kind of price adjustment cost and is solved by Lagrange multiplier method. It is formed by expected discounted revenue/bid price integrating quantity-based RM and pricing-based RM. Quantity-based RM consists of two capacity models, namely, booking limit and overbooking. Booking limit, built by assuming uncertain customer arrival, decides the optimal capacity allocation for two market segments. Overbooking determines the level of accepted order exceeding capacity to anticipate probability of cancellation. Furthermore, pricing-based RM models occupancy/demand rate influenced by internal and competitor price changes. In this paper, a mathematical model based on game theoretic approach is developed for two conditions of deterministic and stochastic demand. Based on the equilibrium point, the best strategy for both hotels can be determined.

Stationary Waiting Times in m-node Tandem Queues with Communication Blocking

  • Seo, Dong-Won;Lee, Ho-Chang;Ko, Sung-Seok
    • Management Science and Financial Engineering
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    • v.14 no.1
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    • pp.23-34
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    • 2008
  • In this study, we consider stationary waiting times in a Poisson driven single-server m-node queues in series. We assume that service times at nodes are independent, and are either deterministic or non-overlapped. Each node excluding the first node has a finite waiting line and every node is operated under a FIFO service discipline and a communication blocking policy (blocking before service). By applying (max, +)-algebra to a corresponding stochastic event graph, a special case of timed Petri nets, we derive the explicit expressions for stationary waiting times at all areas, which are functions of finite buffer capacities. These expressions allow us to compute the performance measures of interest such as mean, higher moments, or tail probability of waiting time. Moreover, as applications of these results, we introduce optimization problems which determine either the biggest arrival rate or the smallest buffer capacities satisfying probabilistic constraints on waiting times. These results can be also applied to bounds of waiting times in more general systems. Numerical examples are also provided.

Analysis of the Characteristics of Hospital Visits and Medical Utilization of Elderly Patients at an Emergency Medical Center in the Gyeongbuk Region (경북지역 일개 응급의료센터 노인환자의 내원관련 특성과 의료이용 분석)

  • Nam, Chang-Seok;Han, Sam-Sung;Yoo, Wang-Keun
    • The Korean Journal of Health Service Management
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    • v.10 no.4
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    • pp.51-59
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    • 2016
  • Objectives : The purpose of this study was to examine the health service utilization of elderly patients who visited an emergency medical center in the Gyeongbuk region and to provide basic information for the effective management of emergency medical centers. Methods : This study analyzed the characteristics of the hospital visits and the actual situation for the use of emergency medical care of 10,264 elderly patients that visited an emergency medical center in the Gyeongbuk region from January, 2014 to December, 2014. Frequency analysis and chi-square test were done in this study. Results : This study showed that there is a difference in the characteristics of health service utilization which included hospital visits, duration of hospital visits and mode of arrival to the emergency medical center according to age, gender and other characteristics. Conclusions : Providing efficient emergency services is necessary as well as establishing an emergency medical center management plan that takes into consideration the difference in health service utilization of elderly patients.

Pre-diagnosis Management in WSN based Portable Healthcare Monitoring System (무선센서네트워크 기반 휴대용 헬스케어 모니터링 시스템을 위한 휴대폰 자체 간이진단 관리)

  • Hii, Pei-Cheng;Lee, Seung-Chul;Chung, Wan-Young
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2009.10a
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    • pp.538-541
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    • 2009
  • Increasing of number of people who suffered from long term chronic diseases which required frequent daily health monitoring and body check up in conjunction with the trendy uses of mobile phones and Personal Digital Assistants (PDAs) in various ubiquitous computing had make portable healthcare system a well known application today. A mobile phone based portable healthcare monitoring system with multiple vital signals monitoring ability at real time in WSN and CDMA network is developed. This system carries out real time monitoring and local data analysis process in the mobile phone. Any detection of abnormal health condition and diagnosis at earlier stage will reduce the risk of patient's life. As an extension to the existing model, a pre-diagnosis management system (PDMS) is designed to minimize the time consuming in pre-diagnosis process in the hospital or healthcare center. An alert is sent to the web server at the healthcare center when the patient detects his health is at critical state where the immediate diagnosis is needed. Preparation of diagnosis equipments and arrangement of doctor and nurses at the hospital side can be done earlier before the arrival of patient at the hospital with the help of PDMS. An efficient pre-diagnosis management increases the chances of diseases recovery rate as well.

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The Development and Application of Bus Bunching Indices for Bus Service Improvement (버스서비스 개선을 위한 버스몰림지표 개발 및 적용)

  • Kim, Eun-Kyoung;Rho, Jeong-Hyun;Kim, Young-Chan
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.7 no.6
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    • pp.1-11
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    • 2008
  • As bus is realized by economical, environmental transportation that is available mass transport than car, various policy for improvement of services is achieved. As innovative public transportation systems like BMS (Bus Management System) have established, it is possible to manage bus service efficiently. However, the present bus service management system mainly focuses on enhancing service reliability represented by schedule adherence index. This study discusses the necessity of a special management for bus bunching phenomena at stops, and develops two kinds of bus bunching indices based on the Number of Berth and the Average Bus Arrival Rate. The bus bunching indices were measured by utilizing the bus operational information from BMS at the Seoul TOPIS(Transportation & Information Service). In order to evaluate the sensitivity of the Indices, the indices were applied to two different bus groups: buses on exclusive bus median lane, and regular (shared) lanes. As analysis result, is bunching as is near in downtown and is bunching to peak time morning than the afternoon. Compared with the schedule adherence index, the suggested indices were proved as an efficient complementary indices in the evaluation of the bus operational performance. The results of index comparison between exclusive bus median lane and shared lanes can promote the expansion of exclusive bus median lane. Moreover, it can also be used as a reference in deciding bus station scale including the Number of Berth and the route adjustment plan.

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Implementation of FNMS(Fishing Net Management System) based on RFID and GPS (RFID와 GPS 기반 그물관리 시스템 구현)

  • Jang, Doc-Sung
    • Journal of Advanced Navigation Technology
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    • v.12 no.4
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    • pp.304-310
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    • 2008
  • Our ocean where three sides are the seas is the state that the environmental pollution damage is serious because of all kinds of wastes. Therefore, environmental pollution will be considerably decreased if we leans forward in the saddle to manage net which is conquering a section equivalent among wastes and will be helpful to marine ecosystem. This study is to develop a fishing net management system identifying nets cast and withdrawn from the vessel The purpose of FNMS is to manage sailing vessels arrival and departure details in order to manage a net abandoned in the ocean, and restrain the occurrence of the wasted net abandoned without permission in the ocean, and prevent environmental pollution and sailing vessels sank in and around the ocean.

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A Study on the Development of Integrated Logistics System for Hospital Logistics Cooperation (병원물류 공동화를 위한 통합물류 시스템 구축에 관한 연구)

  • Park, Jong Suk;Kim, Han Sung;Lee, Jae Gun;Choi, Hoon Young;Kang, Kyung Sik
    • Journal of the Korea Safety Management & Science
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    • v.16 no.2
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    • pp.139-146
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    • 2014
  • In Korea's distribution and production field establishment of logistics information system and automation of logistics were greatly developed. But there is no characteristic and professionalism about hospital logistics, and distribution center is located in outside warehouse, logistics system is very important. Since hospital has human power to receive product, system is not as much required, but outside warehouse requires system for arrival from medicine and medical supplies wholesale dealer and vender, warehousing, storage, and automation facilities, and system for various works such as peaking instruction, classification, packing, cargo-working, delivery, order of medicine from hospital and non-medicine in hospital is essential. Therefore, This study is about development of automatic identification of slide which cannot be overlooked in efficiency of hospital logistics, establishment of database, and information interlocking between automatic storage system and outside warehouse.

Customer Classification and Market Basket Analysis Using K-Means Clustering and Association Rules: Evidence from Distribution Big Data of Korean Retailing Company (군집분석과 연관규칙을 활용한 고객 분류 및 장바구니 분석: 소매 유통 빅데이터를 중심으로)

  • Liu, Run-Qing;Lee, Young-Chan;Mu, Hong-Lei
    • Knowledge Management Research
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    • v.19 no.4
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    • pp.59-76
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    • 2018
  • With the arrival of the big data era, customer data and data mining analysis have gradually dominated the process of Customer Relationship Management (CRM). This phenomenon indicates that customer data along with the use of information techniques (IT) have become the basis for building a successful CRM strategy. However, some companies can not discover valuable information through a large amount of customer data, which leads to the failure of making appropriate business strategy. Without suitable strategies, the companies may lose the competitive advantage or probably go bankrupt. The purpose of this study is to propose CRM strategies by segmenting customers into VIPs and Non-VIPs and identifying purchase patterns using the the VIPs' transaction data and data mining techniques (K-means clustering and association rules) of online shopping mall in Korea. The results of this paper indicate that 227 customers were segmented into VIPs among 1866 customers. And according to 51,080 transactions data of VIPs, home product and women wear are frequently associated with food, which means that the purchase of home product or women wears mainly affect the purchase of food. Therefore, marketing managers of shopping mall should consider these shopping patterns when they build CRM strategy.

Power Saving Scheme by Distinguishing Traffic Patterns for Event-Driven IoT Applications

  • Luan, Shenji;Bao, Jianrong;Liu, Chao;Li, Jie;Zhu, Deqing
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.13 no.3
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    • pp.1123-1140
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    • 2019
  • Many Internet of Things (IoT) applications involving bursty traffic have emerged recently with event detection. A power management scheme qualified for uplink bursty traffic (PM-UBT) is proposed by distinguishing between bursty and general uplink traffic patterns in the IEEE 802.11 standard to balance energy consumption and uplink latency, especially for stations with limited power and constrained buffer size. The proposed PM-UBT allows a station to transmit an uplink bursty frame immediately regardless of the state. Only when the sleep timer expires can the station send uplink general traffic and receive all downlink frames from the access point. The optimization problem (OP) for PM-UBT is power consumption minimization under a constrained buffer size at the station. This OP can be solved effectively by the bisection method, which demonstrates a performance similar to that of exhaustive search but with less computational complexity. Simulation results show that when the frame arrival rate in a station is between 5 and 100 frame/second, PM-UBT can save approximately 5 mW to 30 mW of power compared with an existing power management scheme. Therefore, the proposed power management strategy can be used efficiently for delay-intolerant uplink traffic in event-driven IoT applications, such as health status monitoring and environmental surveillance.