• Title/Summary/Keyword: Periodic Review System

Search Result 68, Processing Time 0.026 seconds

A Study on Periodic Review Inventory System under Stochastic Budget Constraint (확률적 예산 제약을 고려한 주기적 재고관리 정책에 대한 연구)

  • Lee, Chang-Yong;Lee, Dongju
    • Journal of Korean Society of Industrial and Systems Engineering
    • /
    • v.37 no.1
    • /
    • pp.165-171
    • /
    • 2014
  • We develop an optimization algorithm for a periodic review inventory system under a stochastic budget constraint. While most conventional studies on the periodic review inventory system consider a simple budget limit in terms of the inventory investment being less than a fixed budget, this study adopts more realistic assumption in that purchasing costs are paid at the time an order is arrived. Therefore, probability is employed to express the budget constraint. That is, the probability of total inventory investment to be less than budget must be greater than a certain value assuming that purchasing costs are paid at the time an order is arrived. We express the budget constraint in terms of the Lagrange multiplier and suggest a numerical method to obtain optional values of the cycle time and the safety factor to the system. We also perform the sensitivity analysis in order to investigate the dependence of important quantities on the budget constraint. We find that, as the amount of budget increases, the cycle time and the average inventory level increase, whereas the Lagrange multiplier decreases. In addition, as budget increases, the safety factor increases and reaches to a certain level. In particular, we derive the condition for the maximum safety factor.

On the Approximate Estimation of the Mean Physical Stock in Periodic Review Inventory Systems with Lost Sales (판매 손실이 발생하는 정기발주 재고시스템에서 평균보유재고를 계산하는 근사적 방법에 대한 연구)

  • Park, Changkyu
    • Journal of Korean Society of Industrial and Systems Engineering
    • /
    • v.38 no.3
    • /
    • pp.8-13
    • /
    • 2015
  • One of the most usual indicators to measure the performance of any inventory policy is the mean physical stock. In general, when estimating the mean physical stock in periodic review inventory systems, approximate approaches are often utilized by practitioners and researchers. The mean physical stock is generally calculated by a simple approximation. Still these simple methods are frequently used to analyze various single stockpoint and multi-echelon inventory systems. However, such a simple approximation can be very inaccurate. This is particularly true for low service levels. Even though exact methods to calculate the mean physical stock have been derived, they are available for specific cases only and computationally not very efficient, and therefore less useful in practice. In literature, approximate approaches, such as the simple, the linear, and Simpson approximations, were derived for the periodic review inventory systems that allow backorders. This paper modifies the approximate approaches for the lost sales case and evaluates the modified approximate approaches. Through computational experiments, average (and maximum) percentage deviations of mean physical stock between the exact method and the modified approximations are compared in the periodic review inventory system with lost sales. The same comparison between the modified and the original approximations are also conducted, in order to examine the performance of modified approximations. The results show that all modified approximations perform well for high service levels, but also that the performance may deteriorate fast with decreasing service level. The modified Simpson approximation is clearly better. In addition, the comparison between the modified and the original approximations in the periodic review inventory system with lost sales shows that the modified approximation outperforms the original approximation.

PERIODIC SAFETY REVIEW ON KORI UNIT 1 (고리 1호기 주기적안전성 평가)

  • Kim, Tae-Ryong
    • Proceedings of the Korea Society for Energy Engineering kosee Conference
    • /
    • 2003.05a
    • /
    • pp.403-414
    • /
    • 2003
  • Periodic safety review on Kori Unit 1 has been successfully done for the first time in Korea. 11 safety factors of the review were fully evaluated in accordance with the domestic legal system. Although it is the oldest nuclear power plant in Korea, Kori Unit 1 was found to have maintained good operating conditions and continuously enhanced its safety by implementing post-TMI action plans and other safety issues, such as replacing steam generators and process/control system. It can be therefore confirmed that safe operation of Kori Unit 1 is guaranteed until next periodic safety review. Nevertheless, some corrective action items were recommended to enhance further its safety level, such as equipment qualification, additional ageing management program, strengthening of some procedures related to administration and human factor. The results of PSR can be utilized for the continued operation beyond the design life as long as the plant safety is maintained and improved. Experiences of the PSR on Kori Unit 1 can be also applied to PSR on other plants.

  • PDF

Review of the regulatory periodic inspection system from the viewpoint of defense-in-depth in nuclear safety

  • Lim, Jihan;Kim, Hyungjin;Park, Younwon
    • Nuclear Engineering and Technology
    • /
    • v.50 no.7
    • /
    • pp.997-1005
    • /
    • 2018
  • The regulatory periodic safety inspection system is one of the most important methods for confirming the safety of nuclear power plants and the defense in depth in nuclear safety is the most important basic means for accident prevention and mitigation. Recently, a new regulatory technology based on risk-informed and safety performance has been developed and used in advanced countries. However, since the domestic periodic inspection system is being used in the same way over 30 years, it is necessary to know how the inspection contributes to the safety confirmation of the nuclear power plants. In this study, the domestic periodic inspection system currently in use was analyzed from the perspective of defense in depth in nuclear safety. In addition, the analysis results were compared to the U.S. NRC's safety inspection system to obtain consistency and lessons in this study. As a result of analysis, the NRC's safety inspections were distributed almost evenly at the all levels of defense in depth, while in the case of domestic inspection, they were heavily focused on the level 1 of defense in depth. Therefore, it appeared urgent to improve the inspection system to strengthen the other levels of defense in depth in nuclear safety.

Distribution Planning for a Two-Echelon Distribution System under Fill Rate Constraints (Fill Rate 제약이 존재하는 2단계 분배형 시스템에서의 분배 계획)

  • Kwon, Ick-Hyun;Kim, Sung-Shick;Kim, Chang-Ouk
    • Journal of the Korean Operations Research and Management Science Society
    • /
    • v.31 no.4
    • /
    • pp.125-138
    • /
    • 2006
  • This paper considers a periodic review, two-echelon inventory system with one central warehouse and several re-tailers facing normally distributed demand. The goal is to attain target fill rates, while the systemwide total holding costs are minimized. An important aspect of this problem is material rationing in the case of shortages. If a central warehouse has insufficient inventory to deliver all replenishment orders to retailers, all order quantities are should be adjusted according to some rationing rule. A simple but efficient rationing rule is proposed and compared with the Balanced Stock (BS) rationing as introduced by Heijden which is known to be the best rationing policy in the literature. Numerical results show that the proposed rationing rule is more cost effective than BS rationing, especially for the differences in holding costs between retailers are large.

A Study on the Clinical Study of Periodic Treatment of Endometriosis (자궁내막증의 주기요법 임상 연구에 대한 고찰)

  • Park, Jang-Kyung
    • The Journal of Korean Obstetrics and Gynecology
    • /
    • v.33 no.2
    • /
    • pp.112-123
    • /
    • 2020
  • Objectives: The purpose of this study is to review the research in the cyclic treatment of endometriosis in traditional Korean medicine. Methods: By October 2019, the relevant studies on the periodic therapy of endometriosis were searched using the Chinese National Knowledge Infrastructure Database (CNKI) and Oriental Medicine Advanced Searching Integrated System (OASIS). Results: Finally, three Randomized controlled trials, one case study, two clinical observational studies were selected. In all studies, herbal medicine periodic therapy has been effective in improving symptoms of endometriosis. Blood-activating and stasis-dispelling medicinal were the most commonly used before menstruation and during menstruation, and tonifying and replenishing medicinal were the most commonly used after menstruation. According to the one study, which reported safety, herbal medicine was safe. Conclusions: Although limited due to a lack of literature, periodic therapy is effective in improving endometriosis related symptoms and preventing recurrence. A well-designed study and experimental studies for the identification of the mechanism are needed.

Review of Aging Management for Concrete Silo Dry Storage Systems

  • Donghee Lee;Sunghwan Chung;Yongdeog Kim;Taehyung Na
    • Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
    • /
    • v.21 no.4
    • /
    • pp.531-541
    • /
    • 2023
  • The Wolsong Nuclear Power Plant (NPP) operates an on-site spent fuel dry storage facility using concrete silo and vertical module systems. This facility must be safely maintained until the spent nuclear fuel (SNF) is transferred to an external interim or final disposal facility, aligning with national policies on spent nuclear fuel management. The concrete silo system, operational since 1992, requires an aging management review for its long-term operation and potential license renewal. This involves comparing aging management programs of different dry storage systems against the U.S. NRC's guidelines for license renewal of spent nuclear fuel dry storage facilities and the U.S. DOE's program for long-term storage. Based on this comparison, a specific aging management program for the silo system was developed. Furthermore, the facility's current practices-periodic checks of surface dose rate, contamination, weld integrity, leakage, surface and groundwater, cumulative dose, and concrete structure-were evaluated for their suitability in managing the silo system's aging. Based on this review, several improvements were proposed.

CURRENT STATUS AND PROSPECT FOR PERIODIC SAFETY REVIEW OF AGING NUCLEAR POWER PLANTS IN KOREA

  • Jin, Tae-Eun;Roh, Heui-Young;Kim, Tae-Ryong;Park, Young-Sheop
    • Nuclear Engineering and Technology
    • /
    • v.41 no.4
    • /
    • pp.545-548
    • /
    • 2009
  • Korean utility has utilized a Periodic Safety Review (PSR) that assesses the cumulative effects of plant aging, modifications, operating experience, technical developments, and site characteristics since 2000. In particular, the assessment and management of plant aging is one of the major areas in PSR. It includes identification of critical Systems, Structures, and Components (SSCs) for aging, assessment of aging effects, and implementation of aging management programs. Since the PSR system was introduced based on the atomic energy acts and related laws, PSRs of eight sets for 12 Nuclear Power Plants (NPPs) that have been operating more than 10 years have been completed. PSRs of two sets for 4 NPPs are currently being carried out. The utility has confirmed that domestic NPPs have been operated safely through these PSRs and have implemented the follow-up corrective activities to increase the nuclear safety. In this paper, the status of PSR implementation is discussed and improvement programs to conduct PSR follow-up corrective activities efficiently for NPPs are suggested based on experiences with aging assessments.