• Title/Summary/Keyword: Periodic Review Inventory System

Search Result 12, Processing Time 0.016 seconds

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
    • /
    • v.12 no.5
    • /
    • pp.273-284
    • /
    • 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.

  • PDF

Brief history of Korean national forest inventory and academic usage

  • Park, Byung Bae;Han, Si Ho;Rahman, Afroja;Choi, Byeong Am;Im, Young Suk;Bang, Hong Seok;So, Soon Jin;Koo, Kyung Mo;Park, Dae Yeon;Kim, Se Bin;Shin, Man Yong
    • Korean Journal of Agricultural Science
    • /
    • v.43 no.3
    • /
    • pp.299-319
    • /
    • 2016
  • The National Forest Inventory (NFI) is important for providing fundamental data for basic forest planning and the establishment of forest policies for the purpose of implementing sustainable forest management. The purpose of this study is to present the development of Korea's NFI including legal basis, sampling design, and measured variables and to review the usage of NFI data. The survey methods and forestry statistics among the Unites States, Canada, Japan, China, and European countries were briefly compared. Total 140 publications utilizing NFI data between 2008 and 2015 were categorized with 15 subjects. Korea has conducted the NFI 6 times since 1971, but only the $6^{th}$ NFI is comparable with the fifth, the previous NFI, because the permanent sampling plots have been shared between the periods. The Korean Forestry Statistics contains only half as many variables as that of advanced countries in Forestry. More researches were needed to improve consistent measurement of diverse variables through implementation of advanced technologies. Additional data for Forest Health Monitoring since the NFI $6^{th}$ must be under quality control which will be an essential part of the inventories for providing the chronological change of forest health.