• Industrial Engineering and Management Systems
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• 제8권2호
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• pp.72-79
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• 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.

• 산업경영시스템학회지
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• 제43권1호
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• pp.70-78
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• 2020

Under the situation which customer orders are cancelled unless all products in the order are delivered all at once, this paper concentrates on the purchase dependent demands and explores the systematic approach to implant the purchase dependence into the multi-product inventory model. First, by acknowledging that it is a challenging task to formulate a suitable inventory model for the purchase dependence, we derive the optimal solution condition using an EOQ model and extend the optimal solution condition to periodic review models. Then, through the comparison simulation of four inventory policies regarding several degrees of purchase dependence, we demonstrate that the inventory models which consider the purchase dependence generate less total cost than the inventory models which ignore the purchase dependence. In general, the inventory models which consider the purchase dependence reduce the loss of sales by maintaining more inventories, which results in reducing the total cost. Consequently, the simulation result supports the effectiveness of this paper's approach. In addition, this paper uses the individual order period and joint order period obtained from the EOQ model for the multi-product inventory model. Through the in-depth analysis of comparing the two models, we observe that the model of using the joint order period produces less total cost when the degree of purchase dependence is high, but the model of using the individual order period produces less total cost when the degree of purchase dependence is low.

• 한국경영과학회지
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• 제36권3호
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• pp.61-74
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• 2011

The objective of this study is to evaluate the effects of sharing uncertain yield information with a downstream supply chain player. We are interested in understanding how the amount of yield uncertainty affects the supply-side benefits and/or costs, which has not been considered in the literature, in addition to the customer-side benefits. With that purpose, this work evaluates a supplier who provides yield information in comparison with another supplier who shares no information. We simulate an order-up-to type heuristic policy that is adapted from the literature and reasonably modified to represent yield information sharing with error. From the simulation study, we argue that the customer would experience cost reduction, but the cost for supplier's inventory is increasing when sharing yield information. Furthermore, the amount of benefits and costs are situational and affected by level of yield uncertainty and demand variance. Based on the simulation study, we finally make several recommendations for the supply-side approaches to yield information sharing.

• 한국컴퓨터정보학회논문지
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• 제12권5호
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• pp.273-284
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• 2007

본 논문은 재구성가능생산시스템 환경에서 e-MarketPlace를 통한 거래상황을 도입한 주기적 검토 재고모형을 연구한다. 의사결정권자는 고객의 확률적 수요를 만족시키기 위해서 생산용량/생산량을 확장/축소하거나 e-Marketplace를 통해 긴급으로 재고를 보충/처리한다. e-MarketPlace로부터의 거래 시 재고의 보충/처리에 걸리는 리드타임은 시스템의 생산리드타임보다 짧지만, 단위거래비용(구매/판매비용)은 생산용량/생산량을 한 단위 확장/축소하는 비용보다 높기 때문에 각 대안들의 비용-리드타임간의 trade-off가 고려된다. 추가적으로 e-MarketPlace로부터 재고를 보충하거나 생산용량을 확장하는 경우 그 수량에 따른 규모의 경제를 고려하기 위해 고정 비용이 포함된다. 우리는 제안되는 모형의 최적 정책형태를 규정하기 위해 동적계획모형과 K-convexity 기법을 적용하고, base stock policy와 (s,S) type policy의 조합으로 구성된 최적 생산-재고관리 정책을 제시한다.