• Journal of the Korean Operations Research and Management Science Society
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• v.31 no.2
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• pp.99-112
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• 2006

In our model, we keep inventory to satisfy uncertain demands which arrives irregularly. In this situation, we have additional two constraints. First, we need to have certain amount of order consolidation (consolidation constraint) for the orders to replenish the inventory because of production or purchase amount constraint. And also, if we order at a certain date which was set by administrative convenience, we have capacity constraint to order the consolidated order demands (capacity constraint). We show this variant inventory policy is needed in steel industry and note that there will be possible similar case in industry. To deal with this case, we invent a variant replenishment policy and show this policy is superior to other possible polices in the consolidation constraint case by extensive simulation. And we derive a combined solution method for dealing with the capacity constraints in addition to the consolidation constraints. For this, we suggest a combined solution method of integer programming and simulation.

• Journal of the Korea Society for Simulation
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• v.20 no.2
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• pp.19-27
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• 2011

This study investigates impact of smoothed replenishment ordering policy on the performance measures such as lead time, order fulfillment ratio, and inventory cost. We consider a two-echelon supply chain: a single retailer orders using smoothed order up to replenishment policy and a manufacturer produces the retailer's orders on a make to order basis. Simulation result confirms that lead time from the manufacturer can be reduced by smoothed ordering policy as expected. However, smoothing orders may deteriorate the customer order fulfillment ratio and inventory cost in a retailer. We also observe that variance of manufacturing time contributes more than mean of manufacturing time to both order fulfillment ratio and inventory cost. Therefore, variability of upstream manufacturing time should be minimized.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.20 no.41
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• pp.95-102
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• 1997

This paper deals with an order picking system in an automated storage and retrieval system(AS/RS). For the order picking system, two fundamental policies, the batching and the picking policies, must be selected. The batching policy determines the manner in which orders are combined for picking in each trip of picking machine. The picking policy determines the sequence of all items in each group of orders. Most of studies for the batching policy doesn't consider dynamic arrivals and due dates of orders. Therefore, we present an batching policy which considers dynamic arrivals and due dates of orders. The presented batching policy is efficient for the automated storage and retrieval system which is connected with a manufacturing system.

• Journal of Navigation and Port Research
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• v.34 no.2
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• pp.131-136
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• 2010

The aim of the paper is to solve the problem of customer reduction due to the difficulty of parts sourcing which impacts production delay and delivery delay in SC networks. Furthermore, this paper is to suggest the new inventory policy of MTS in order to solve the problem of current inventory policy. In order to compare two policies, a LCD maker is selected as a case study and the real data for 2007 years is used for simulation input. The maker uses MTO policy for parts sourcing which has the problem of lead time even if it has some advantage of inventory cost. Based on current process. The simulation program of AS-IS model and TO-BE model using ARENA 10 version is developed for evaluation. In a result, the order number of two policies shows that MTO is 52 and MTS is 53. However the quantity of order shows big difference such that MTO is 168,460 and MTS is 225,106. Particularly, the lead time of new inventory policy shows much shorter that that of MTO such that MTO 100 is days and MTS is 16 days. In spite of short lead time by MTS policy, new policy has to take burden of inventory cost per year. Total inventory cost per year by MTS policy is US$ 11,254 and each part inventory cost is that POL is US$ 1,807, LDI is US$ 2,166 and Panel is US$ 7,281. The implication of the research is that the company has to consider the cost and the service simultaneously in deciding the inventory policy. In the paper, even if the optimal point of deciding is put into tactical area, the ground of decision is suggested in order to improve the problem in SC networks.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.10 no.16
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• pp.129-132
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• 1987

Multi-item inventory problems can be well characterized by the nature of interaction of the quantities and timing. This interaction may be due to the effect of certain combination of orders. It is that the set-up cost of ordering individual items can be saved by jointly ordering at a time. This study finds a decision criteria of optimum inventory policy through the comparisons of individual multi-item order policy(IMP), joint multi-item order policy(JMP), augmented multi-item order policy(AMP) in cost ratio. Subsequently we assume that there exists a unique optimum order level corresponding to an optimum reorder range for the augmented multi-item order, at which a cost saying is maximum.

• Korean Journal of Child Studies
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• v.30 no.6
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• pp.99-109
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• 2009

The purpose of this study is to review the characteristics of the policy for supporting child care and education in Korea. In order to suggest the theoretical and practical issues for child care and education policy, it is necessary to evaluate the existing policies. Based on the review of the literature, the legal system, and the policy, the child care support system in Korea is evaluated to be fragmentary and inconsistent. And Korean child care policy is a mixture of the conservative and the liberal one. In order to meet the needs of the family and children of Korea, more progress approach to child care policy is needed. The suggestions of this study are to have Korean government give more weight on societal care of children, introduce children's allowance, integrating child care and education system and developing policy monitoring systems in Korea.

• STI Policy Review
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• v.6 no.2
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• pp.87-104
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• 2015

Public procurement for innovation is used as one of the major policy tools to stimulate innovation and promote growth of small and medium-sized enterprises (SMEs) in Korea. However, it is evaluated that this policy has not been so effective in promoting technological innovation among SMEs largely because it heavily depends on price competitiveness of SMEs products and services. In order to draw some policy implications, this study examines the PPI policies of selected countries as comparative references and conducts an empirical analysis on Korean Public Procurement Services (PPS) data for identifying challenges of the current policy in Korea. We conclude that in order to enhance technological innovations of SMEs, PPI policy in Korea should 1) focus more on the potential competitiveness of SMEs, 2) enlarge public demands especially on R&D services, 3) encourage private sector participation in the public procurement market, 4) improve the assessment criteria for public procurement market registration, and 5) restructure the responsible organizations.

• International Journal of Advanced Culture Technology
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• v.9 no.3
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• pp.271-276
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• 2021

In this paper we analyze the effect of the credit period on inventory policy under trade credit with ordering cost including a fixed cost and freight cost, where the freight cost has a quantity discount. For marketing purposes, some supplier offers credit period to his buyer to stimulate the demand for the product he produces. The delay in payments during the credit period has the effect of reducing the buyer's capital opportunity cost. It is also assumed that the buyer pays the freight cost for the order and hence, the ordering cost consists of a fixed ordering cost and a variable freight cost which depends on the order quantity. As a result, the possibilities of trade credit and discounts on freight costs are expected to play an important role in the buyer's inventory policy. Based on the economic order quantity inventory model, we analyze how the buyer can determine the optimal inventory policy and we examine the effect of the length of credit period on the buyer's inventory policy.

• Management Science and Financial Engineering
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• v.4 no.2
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• pp.15-42
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• 1998

A joint problem of order delivery, setup reduction, and cost-sharing in a two-echelon inventory system in which a vendor supplies multiple products to a group of buyers is studied here. The basic premise is that buyers have independently implemented setup reduction programs to acquire benefits from small order sizes. Doing so, however, causes the buyers' individually optimal order cycles to be differ from that of the vendor. In conjunction with this, two models are considered. In the first model, a multi-buyers single product situation is considered in which the vendor implements a joint supply cycle policy. However, buyers, as the dominant party, insist after implementing the individually optimal setup reduction that the vendor accept their individually optimal order schedules. In the second model. a multi-products, single buyer situation is considered in which the buyer implements a joint order policy. Here, the vendor, as the dominant party, refuses to cooperate fully with the buyer's individually reduced joint order schedule, and designs his own individually optimal setup reduction mix for each product under a given budget constraint. This led to a study of an integrated Setup Reduction/Break-even Pricing Policy for each situation to eliminate mismatches in individually optimal cycle times.

• The KIPS Transactions:PartD
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• v.16D no.4
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• pp.561-570
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• 2009

In order to manage repair and maintenance efficiently in the mobile environment, the system structure to manage service as a policy and the policy description language are needed. This research defined the structure of PEP, which is the executioner of policy in the IETF policy framework, and proposed the policy description language which can be carried out under the PEP structure. The proposed policy description language derived demand matters based on documentary data and the characteristics of mobile and the policy information model was designed with the three stage approaches and was defined as policy description language. The three stage approaches are made up of the policy domain that decides the scope to which the policy applies, the policy rules which distinguish the kinds of policy application and control, and policy grammar which contextualizes the policy structure. In order to verify the efficiency of the policy description language, scenarios are defined with the policy description language and verified it by using policy tool and proved the expansive nature by comparing and analyzing other policy description language.