• Title/Summary/Keyword: Inventory control system

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Designing an Inventory Model of Parallel-Type Distribution System

  • Kwon, Hee Chul;Kim, Man Shik
    • Journal of Korean Society for Quality Management
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    • v.17 no.1
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    • pp.11-18
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    • 1989
  • A one-upper level warehouse n-Iower level retailer inventory distribution model is discussed. This paper presents the parallel-type inventory structure using an order-up-to-level invertory control system for analyzing the approximation of the expected units back ordered and the measure of service. We find that the total expected backorder units in system can substitute the expected back orders in the last two periods for the expected back orders in total periods. The rate of total expected back orders which is the measure of disservice, is given by dividing the improved units of total expected backorder into the total demand during an order cycle. The average annual total cost in system is obtained by considering the results, but from the viewpoint of this study the cost analysis is not described.

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Design and Economic Evaluation on a POP Inventory Control System in SCM Using RFID (SCM 환경에서의 RFID를 이용한 생산시점 재고관리 시스템 설계 및 경제성 평가)

  • Cho, Jae Hyung
    • The Journal of Society for e-Business Studies
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    • v.19 no.1
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    • pp.1-14
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    • 2014
  • This paper presents the development of a stock control system of POP system design based on RFID in SCM and its economic efficiency. A stock control system is proposed for 900MHz passive type RFID system. The RFID system is composed of a RFID reader and four antennas to read the tag IDs. A cost estimation model is adapted based on the total product profit by various tag prices. The result of the economic efficiency analysis can indicate any invested model for the automation system which have initial investment should be used. This solution indicates the limit of the break even point according to the input. And it can be concluded that the stock control can be developed by RFID readers and passive tags with directional arrangement of several antennas. Also, the economical evaluation model can be a decision method for company to adapt the new developed system.

Optimal design of parallel noncontinuous units with feedstock/product storages (원료및 제품저장조를 포함하는 병렬 비연속 공정의 최적설계)

  • Yi, Gyeong-Beom
    • Journal of Institute of Control, Robotics and Systems
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    • v.3 no.5
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    • pp.532-541
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    • 1997
  • This article derives an analytic solution to determine the optimal size of multiple noncontinuous process and storage units. The total cost to be minimized consists of the setup cost of noncontinuous processing units and the inventory holding cost of feedstock/product storages. A novel approach, which is called PSW(Periodic Square Wave) model, is applied to represent the material flow among non-continuous units and storages. PSW model presumes that the material flow between unit and storage is periodic square wave shaped. The resulting optimal unit size has similar characteristics with the classical economic lot sizing model such as EOQ(Economic Order Quantity) or EPQ(Economic Production Quantity) model in a sense that the unit size is determined as the balance between setup and inventory holding cost. However, the influence of inventory holding cost of PSW model is different from that of EOQ/EPQ model. EOQ/EPQ model includes only the product inventory holding cost but PSW model includes all inventory holding costs around the non-continuous unit with proportional contribution. PSW model is suitable for analyzing interlinked process-storage system. The optimal lot size of PSW model is smaller than that of EOQ/EPQ model. This is quitea remarkable result considering that the EOQ/EPQ model has been is widely used since last half century.

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Endosymbiotic Evolutionary Algorithm for the Combined Location Routing and Inventory Problem with Budget Constrained (초기투자비 제약을 고려한 입지..경로..재고문제의 내공생진화 알고리듬 해법)

  • Song, Seok-Hyun;Lee, Sang-Heon
    • Journal of Korean Institute of Industrial Engineers
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    • v.37 no.1
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    • pp.1-9
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    • 2011
  • This paper presents a new method that can solve the integrated problem of combined location routing and inventory problem (CLRIP) efficiently. The CLRIP is used to establish facilities from several candidate depots, to find the optimal set of vehicle routes, and to determine the inventory policy in order to minimize the total system cost. We propose a mathematical model for the CLRIP with budget constrained. Because this model is a nonpolynomial (NP) problem, we propose a endosymbiotic evolutionary algorithm (EEA) which is a kind of symbiotic evolutionary algorithm (SEA). The heuristic method is used to obtaining the initial solutions for the EEA. The experimental results show that EEA perform very well compared to the existing heuristic methods with considering inventory control decisions.

The Development of Map Supply System Based on Web (웹 기반 지도공급 시스템 개발)

  • Park, Ki-Surk;Park, Kyeong-Sik
    • Journal of Korean Society for Geospatial Information Science
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    • v.17 no.2
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    • pp.123-131
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    • 2009
  • The telecommunication technology in the 21st century has come up to the standard which could transmit various spatial information by means of on-line and the printing technology using computers has been on a par with presswork in quality. In addition, map users also would like to get various spatial information through on-line directly or indirectly. None the less, the supply system of national base map in our country has maintained the off-line sales method. It is owing to this reason that the nation's supply system has shown a high degree of inefficiency from the viewpoint of the inventory control, rapidity, and economical efficiency as compared with the on-line sales system in the developed countries. This study tried to analyze some problems of the present supply system in order to build up the foundation of the efficient map supply system and also developed the system such as On-demand maps, on-line paying and sales, inventory control, meta dat establishment, and security module, etc. This study tried to analyze some problems of the present supply system in order to build up the foundation of the efficient map supply system and also developed the system such as On-demand maps, on-line paying and sales, inventory control, meta dat establishment, and security module, etc.

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Development of Methodology on Inventory Control for the Supply Support System (보급지원체제 재고통제 방법론의 개발)

  • Rho Sin-Young
    • Journal of the military operations research society of Korea
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    • v.3 no.2
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    • pp.79-89
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    • 1977
  • The purpose of this thesis is to overcome the shortcomings of the existing system which lacks cost-conciousness and does not consider the essentiality or the importance of an item, and to seek the method of providing effective, efficient and economic supply which is the objective of the military inventory management. Selective management technique and lot size model whose demand, and order and shipping time are distributed, are intorduced, and required distributions and parameters are analyzed. Finally hypothetical data are utilized to obtain the model output, which are compared with the existing model and analyzed.

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Optimal Production-Inventory Control Policy with an e-MarketPlace as an Emergent Replenishment/Disposal Mode in Reconfigurable Manufacturing System (재구성가능생산시스템 환경에서 긴급 재고 보충 및 처리 대안으로써 e-MarketPlace를 고려한 최적 생산-재고관리정책)

  • Jang, Il-Hwan;Lee, Chul-Ung
    • Journal of the Korea Society of Computer and Information
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    • v.12 no.5
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    • pp.273-284
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    • 2007
  • This paper studies a periodic review inventory model with an e-MarketPlace transaction in reconfigurable manufacturing system(RMS). A decision maker can expand/reduce production capacity/quantities and/or replenish/dispose inventories from/to e-MarketPlace urgently to satisfy the stochastic demands. If inventories are replenished or disposed through e-MarketPlace, this leadtime is shorter than the production leadtime, but unit purchasing or selling cost is more expensive than that of expanding capacity or reducing production quantities respectively. Henceforth, trade-off on these alternatives is considered. In addition to this, in order to consider the economy of scale, our model includes the fixed cost for purchasing from e-MarketPlace and capacity expansion. We use dynamic programming and K convexity methods to characterize the nature of the optimal policy. Finally, We present the optimal inventory control policy which is composed by the combinations of a base stock and (s,S) type policy.

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Application of Stochastic Optimization Method to (s, S) Inventory System ((s, S) 재고관리 시스템에 대한 확률최적화 기법의 응용)

  • Chimyung Kwon
    • Journal of the Korea Society for Simulation
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    • v.12 no.2
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    • pp.1-11
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    • 2003
  • In this paper, we focus an optimal policy focus optimal class of (s, S) inventory control systems. To this end, we use the perturbation analysis and apply a stochastic optimization algorithm to minimize the average cost over a period. We obtain the gradients of objective function with respect to ordering amount S and reorder point s via a combined perturbation method. This method uses the infinitesimal perturbation analysis and the smoothed perturbation analysis alternatively according to occurrences of ordering event changes. Our simulation results indicate that the optimal estimates of s and S obtained from a stochastic optimization algorithm are quite accurate. We consider that this may be due to the estimated gradients of little noise from the regenerative system simulation, and their effect on search procedure when we apply the stochastic optimization algorithm. The directions for future study stemming from this research pertain to extension to the more general inventory system with regard to demand distribution, backlogging policy, lead time, and review period. Another directions involves the efficiency of stochastic optimization algorithm related to searching procedure for an improving point of (s, S).

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A Study on the Systematic Inventory Control based on the Mathematical System Theory (수학적(數學的) 시스템 이론(理論)에 의한 재고관리(在庫管理)의 합리화(合理化)에 관한 연구(硏究))

  • Kim, Gwang-Seop;Hwang, Ui-Cheol
    • Journal of Korean Society for Quality Management
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    • v.11 no.1
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    • pp.2-9
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    • 1983
  • For the optimal achievement of system goals through a systematic analysis of the complex problems, systems engineering provides us the concepts and methodology that include comprehensive interpretability (or understandability), universal applicability, and feasibility. Under this aspect, the main objective of this study is that it introduces mathematical system theory (MST) as the fundamental tool of SE into the Inventory Control among the related parts with IE, and review it's applicability. Through its work, we can find that it has the alternative aspects with which it can replace other existing methods for problem-solving in understanding and analyzing structurally systems in themselves as well as being considerable of the time evolutionary process of a given system.

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Verification and validation of isotope inventory prediction for back-end cycle management using two-step method

  • Jang, Jaerim;Ebiwonjumi, Bamidele;Kim, Wonkyeong;Cherezov, Alexey;Park, Jinsu;Lee, Deokjung
    • Nuclear Engineering and Technology
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    • v.53 no.7
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    • pp.2104-2125
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    • 2021
  • This paper presents the verification and validation (V&V) of a calculation module for isotope inventory prediction to control the back-end cycle of spent nuclear fuel (SNF). The calculation method presented herein was implemented in a two-step code system of a lattice code STREAM and a nodal diffusion code RAST-K. STREAM generates a cross section and provides the number density information using branch/history depletion branch calculations, whereas RAST-K supplies the power history and three history indices (boron concentration, moderator temperature, and fuel temperature). As its primary feature, this method can directly consider three-dimensional core simulation conditions using history indices of the operating conditions. Therefore, this method reduces the computation time by avoiding a recalculation of the fuel depletion. The module for isotope inventory calculates the number densities using the Lagrange interpolation method and power history correction factors, which are applied to correct the effects of the decay and fission products generated at different power levels. To assess the reliability of the developed code system for back-end cycle analysis, validation study was performed with 58 measured samples of pressurized water reactor (PWR) SNF, and code-to-code comparison was conducted with STREAM-SNF, HELIOS-1.6 and SCALE 5.1. The V&V results presented that the developed code system can provide reasonable results with comparable confidence intervals. As a result, this paper successfully demonstrates that the isotope inventory prediction code system can be used for spent nuclear fuel analysis.