• Title/Summary/Keyword: Ordering policy

Search Result 101, Processing Time 0.028 seconds

Optimal Spare Provisioning for Group Replacement Policy (경제적인 그룹교체보전을 위한 최적 예비품 재고수준의 결정)

  • Yoo, Young Kwan;Park, Roh Gook
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
    • /
    • v.9 no.2
    • /
    • pp.81-86
    • /
    • 2014
  • In this paper, a jointly optimal group replacement and spare provisioning policy is presented. Most maintenance policies assume that the spare inventory is always available, but in practice the maintenance schedule is affected by the availability of spare inventory. We present a maintenance-inventory model which jointly optimizes the group replacement interval and spare ordering quantity. Group replacement policy is used when a group of units are put in operation simultaneously. The operating fleet is replaced altogether at a predetermined number of units are failed. A sufficient level of spare inventory is carried to perform a number of group replacement. A cost rate expression which considers the group maintenance cost and inventory holding cost is derived and a heuristic method for searching the optimum value of decision variables is suggested. Numerical examples demonstrate the analytical results and the performance of the presented model.

  • PDF

Government Support for Entrepreneurship Damage to Small Retail Traders from Large Wholesalers' Online Business Expansion

  • Suh, Geun-Ha;Kim, Mi-Gou;Suh, Chang-Soo
    • Journal of Distribution Science
    • /
    • v.13 no.12
    • /
    • pp.13-21
    • /
    • 2015
  • Purpose - The purpose of this research paper is twofold. First, this paper attempts to grasp the damage caused to small and medium-size retail traders from online wholesalers in the field. Second, this paper engages in a psychological characterization of the enterprise spirit and the management of small and medium-size entrepreneurs in the retail trade business that are harmed by online wholesalers. Research design, data, and methodology - Data on three large Korean wholesalers engaged in ongoing litigation during the first half of 2014, including E-Mart Traders E-Club, and regarding applications for business adjustments from three large wholesalers were used. Results - The results show that small and medium-size distribution merchants seek political support for facility modernization, policy-specific funds, development of the distribution of PB products, advanced distribution techniques, joint logistics systems, establishment of distribution and logistics centers, sharing of parking facilities, and joint ordering systems. Conclusions - This study examined the damage to, and the government's support of policy demands from, small retail traders.

The Impact of Nonconforming Items on (s, S) Inventory Model with Customer Order Reservation and Cancellation

  • Takemoto, Yasuhiko;Arizono, Ikuo
    • Industrial Engineering and Management Systems
    • /
    • v.8 no.2
    • /
    • pp.72-79
    • /
    • 2009
  • The ultimate goal of inventory management is to decide the timing and the quantity of ordering in response to uncertain demands. Recently, some researchers have focused upon an impact of distortions in the information, e.g., customer order cancellation, on an economical inventory policy. The customer order cancellation is considered a kind of distortions in demands, because a demand that is eventually cancelled is equivalent to a phony demand. Also, there are some additional distortions in the inventory information. For instance, the procurement of suppliers may include some nonconforming items as a result of imperfect production and inspection by the suppliers, and/or damage in transit. The nonconforming item should be considered a kind of distortions in the inventory information, because the nonconforming item is equivalent to a phony stock. In this article, we consider an inventory model under the situation that customers can cancel their orders and the procurement of suppliers may include some nonconforming items. Then, we introduce the customer order reservation into the inventory model for the purpose of avoiding the costly backlogs, because the customer order reservation gives retailers a period to fulfill customer's requests. We formulate a periodic review (s, S) inventory model and investigate the economical operation under the situation mentioned above. Further, through the sensitivity analysis, we show the impact of these distortions and the effect of the customer order reservation on the inventory policy.

A Big Data Analysis by Between-Cluster Information using k-Modes Clustering Algorithm (k-Modes 분할 알고리즘에 의한 군집의 상관정보 기반 빅데이터 분석)

  • Park, In-Kyoo
    • Journal of Digital Convergence
    • /
    • v.13 no.11
    • /
    • pp.157-164
    • /
    • 2015
  • This paper describes subspace clustering of categorical data for convergence and integration. Because categorical data are not designed for dealing only with numerical data, The conventional evaluation measures are more likely to have the limitations due to the absence of ordering and high dimensional data and scarcity of frequency. Hence, conditional entropy measure is proposed to evaluate close approximation of cohesion among attributes within each cluster. We propose a new objective function that is used to reflect the optimistic clustering so that the within-cluster dispersion is minimized and the between-cluster separation is enhanced. We performed experiments on five real-world datasets, comparing the performance of our algorithms with four algorithms, using three evaluation metrics: accuracy, f-measure and adjusted Rand index. According to the experiments, the proposed algorithm outperforms the algorithms that were considered int the evaluation, regarding the considered metrics.

A Study on the Legislation for Separate Prime Contracting in the Fire Facility Business (소방시설업의 분리발주 법제화에 관한 연구)

  • Lee, Chang Woo
    • Fire Science and Engineering
    • /
    • v.27 no.6
    • /
    • pp.97-103
    • /
    • 2013
  • This study analyzes the present public construction ordering system focussing on the legal framework for the fire facilities construction business and investigates the problem of subcontracting, and further reviews why Separate Prime Contracting should be recommended in policy, social, legislative and regulative terms. This study suggests the amendment of Fire Facilities Construction Business Act, with new bill drafting. The result of this study shows the present public construction ordering system has huge disparities between main building construction business and fire facilities construction business, and recommend Separate Prime Contracting should be adopted in the fields of fire facilities construction business. The system of Separate Prime Contracting may secure business entities' responsibility and higher quality of fire facilities, and also result in reasonable construction practices in reasonable costs. This system may also contribute to improve public safety level in fire facilities construction.

Re-Ordering of Users in the Group Key Generation Tree Protocol (사용자 순서 재조정을 통한 그룹 키 생성 트리 프로토콜)

  • Hong, Sung-Hyuck
    • Journal of Digital Convergence
    • /
    • v.10 no.6
    • /
    • pp.247-251
    • /
    • 2012
  • Tree-based Group Diffie-Hellman (TGDH) is one of the efficient group key agreement protocols to generate the GK. TGDH assumes all members have an equal computing power. As one of the characteristics of distributed computing is heterogeneity, the member can be at a workstation, a laptop or even a mobile computer. Therefore, the group member sequence should be reordered in terms of the member's computing power to improve performance. This research proposes a reordering of members in the group key generation tree to enhance the efficiency of the group key generation.

An improved Ordering and Recovery Policy for Reusable Items (재활용품 제고시스템에 대한 주문 및 재생정책의 개선방안)

  • Jung, Jin-A;Koh, Shie-Gheun
    • Journal of Korean Institute of Industrial Engineers
    • /
    • v.34 no.1
    • /
    • pp.32-41
    • /
    • 2008
  • This paper studies a joint EOQ and EPQ model in which a stationary demand can be satisfied by recycled products as well as newly purchased products. The model assumes that a fixed quantity of the used products are collected from customers and later recovered for reuse. The recovered products are regarded as perfectly new ones. We also assume that the number of orders for newly purchasing items and the number of recovery setups in a cycle can be mutually independent integers. Under these assumptions, we develop an optimization model obtaining the economic order quantity for newly procured products, the optimal lot size for the recovery process, and the sequence of the orders and the setups, simultaneously. And then a simple solution procedure to find a local optimal control parameter set is proposed. To validate the model and the solution procedure, finally, some computational experiments are presented.

Development of a Stochastic Inventory System Model

  • Sung, Chang-Sup
    • Journal of Korean Institute of Industrial Engineers
    • /
    • v.5 no.1
    • /
    • pp.59-66
    • /
    • 1979
  • The objective of this paper is to develop a stochastic inventory system model under the so-called continuous-review policy with a Poisson one-at-a-time demand process, iid customer inter-arrival times {Xi}, backorders allowed, and constant procurement lead time $\gamma$. The distributions of the so-called inventory position process {$IP_{(t-r)}$} and lead time demand process {$D_{(t-r,t)}$} are formulated in terms of cumulative demand by time t, {$N_t$}. Then, for the long-run expected average annual inventory cost expression, the "ensemble" average is estimated, where the cost variations for stock ordering, holding and backorders are considered stationary.

  • PDF

Reliability growth management for the delayed fixes and development cost in the reliability growth development phase (신뢰성 성장 개발단계에서 지연수정과 개발시험비용을 고려한 신뢰성 성장관리)

  • Kim, Jun-Hong;Jung, Won
    • Journal of Applied Reliability
    • /
    • v.5 no.3
    • /
    • pp.381-391
    • /
    • 2005
  • The level of reliability attained largely depends upon the investment in reliability growth programs during development phase. In order to find the relationship between reliability growth test time and BRTE(basic reliability tasks effectiveness) in a reliability improvement program that minimizes LCC in which contains the reliability growth cost, repair and replacement costs, and spare parts ordering costs in service with given service rate in management policy, the growth rate has been suggested proper LCC versus growth rate. This model employs the reliability growth projection with delayed fixes in avionic equipment based on AMSAA.

  • PDF

A Heuristic Algorithm for A Multi-Product Dynamic Production and Transportation Problem (다종제품의 동적 생산-수송 문제를 위한 휴리스틱 알고리즘)

  • 이운식;한종한
    • Proceedings of the Korean Operations and Management Science Society Conference
    • /
    • 2000.04a
    • /
    • pp.61-64
    • /
    • 2000
  • This paper analyzes a dynamic lot-sizing problem, in which the order size of multiple products and a single container type are simultaneously considered. In the problem, each order (product) placed in a period is immediately shipped immediately by containers in the period and the total freight cost is proportional to the number of each container type employed. Also, it is assumed that backlogging is not allowed. The objective of this study is to determine the lot-sizes and the shipping policy that minimizes the total costs, which consist of ordering costs, inventory holding costs, and freight costs. Because this problem is NP-hard, we propose a heuristic algorithm with an adjustment mechanism, based on the optimal solution properties. The computational results from a set of simulation experiment are also presented.

  • PDF