• Title/Summary/Keyword: continuous quantity

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Development of Korean Preschoolers' Understanding of Fractional Concepts II : Proportional Reasoning for Continuous and Discontinuous Quantities (한국 유아들의 분수개념에 대한 이해의 발달 II : 연속적 양과 비연속적 양에서의 비율추리)

  • Park, Young-Shin
    • Korean Journal of Child Studies
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    • v.26 no.6
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    • pp.161-171
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    • 2005
  • In Experiment 1, 4- and 5-year-olds were shown either continuous(i.e., pizza) or discontinuous Stimuli(i.e., biscuit) by the experimenter. After a proportion(e.g., 2/8, 4/8, or 6/8) was removed, children were asked to remove an equivalent proportion. Whereas 4-year-olds proportional reasoning was correct only when they shared the same stimulus with the experimenter, 5-year-olds reasoned correctly regardless whether or not they shared the stimulus with the experimenter. In Experiment 2, where the discontinuous stimulus was changed, 4-year-olds also made correct proportional reasoning even when their stimulus was different from the experimenter's. Contrary to other studies, quantity didn't affect children's proportional reasoning except the proportion 1/4, where problems with discontinuous quantity were solved more successfully than problems with continuous quantity.

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A Study on Inventory Control Policy for Quantity-Discount and Budget Constraint (수량 할인과 예산 제약을 고려한 재고관리 정책에 관한 연구)

  • Lee, Dongju
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.38 no.2
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    • pp.145-151
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    • 2015
  • As order quantity is increased, the ordering cost per item will be cheaper due to saving of transportation and material handling costs. In this paper, two realistic assumptions such as quantity discount and budget limit are considered. Quantity discount means that all units in the order will be discounted according to the predetermined order levels. Budget limit represents that the costs for inventory investments are bounded. This paper develops a Lagrangian relaxation approach for a continuous review inventory model with a budget constraint and quantity discounts. Computational results indicate that the proposed approach provides a good solution. Sensitivity analysis is done to get some insights on budget limit and quantity discount. As budget limit or the amount of discount according to order quantity is increased, order quantity is increased, whereas reorder point is not always increased.

불확실한 환경 하에서의 정량발주 시스템

  • Choe Seong Hui;Yang Gwang Mo;Park Jae Hyeon;Gang Gyeong Sik
    • Proceedings of the Safety Management and Science Conference
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    • 2004.11a
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    • pp.447-451
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    • 2004
  • Generally, Fixed Quantity ordering system (Q-system) uses linear model in inventory decrease. This paper focuses on that Fixed Quantity ordering system (Q-system) is based on a continuous review system. To use a continuous review system is because of an inventory decrease ration is not constant. Therefore, this paper introduces a method to select a model which is proper to virtual data under conditions which are inconstant.

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A Study on the Design of Economic Production Quantity Model with Partial Backorders (부분부재고를 갖는 경제적 생산량모형의 설계에 관한 연구)

  • 이강우;이꾸따세이조
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.18 no.36
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    • pp.93-103
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    • 1995
  • This paper des with an economic production quantity model with partial backorders for the situation in which production lead time is deterministic and demand during lead time follows a continuous distribution. In the model, an objective function is formulated In minimize an average annual inventory cost. And then the procedure of iterative solution method for the model is developed to find both production reorder point and production quantity. Finally, sensitivity analysis for various partial backorder ratios and standard deviations of demand during production lead time are presented.

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A Study on Inventory Control Policy for Semi-Finished Product and Optional Components (반제품과 선택품의 재고관리 정책에 대한 연구)

  • Lee, Dongju;Lee, Chang-Yong
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.36 no.4
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    • pp.31-37
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    • 2013
  • In this paper, we develop an efficient approach to solve a continuous review inventory system with a budget constraint when the semi-finished product and optional components are required to be assembled. We are, in particular, interested in a budget constraint that includes a service level. The service cost, such as labor and facility costs, tends to increase as the service level increase, and it makes the problem difficult to solve. Assuming that the reorder point for a semi-finished product is given, we show that the order quantity for the semi-finished product and the order quantity and reorder point for optional components can be determined by minimizing the total cost that includes setup cost, inventory holding cost, and shortage cost. The performance of the proposed approach is tested by numerical examples. By using sensitivity analysis, we conclude that, as the reorder point for semi-finished product increases, the order quantity for semi-finished product increases, whereas the order quantity and reorder point of optional components decreases.

ATTITUDES TOWARDS KNOWLEDGE SHARING AMONG QUANTITY SURVEYORS

  • Kherun Nita Ali;Md Asrul Nasid Masrom;Pow Yih Wen
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.567-574
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    • 2011
  • The purpose of this paper is to identify factors that influence knowledge sharing and determine the attitudes of quantity surveyors towards knowledge sharing based on the factors. The analysis was based on an online questionnaire survey of Registered Quantity Surveyors from Selangor and Kuala Lumpur. Individualism and collectivism were identified as two major factors that influence attitude towards knowledge sharing. Indicators of individualism include individual attitude, competitiveness, care, incentives and rewards; while the indicators of collectivism are trust, social behaviors and motivation. The findings show that the level of attitudes towards knowledge sharing among quantity surveyors is generally high under enabling organizational environment. However, this is a cautious conclusion as the valid sample on which the analysis is based is relatively small. Willingness to share was found to be highest when incentives and rewards are involved as well as when there is a knowledge management system to promote continuous learning and sharing of knowledge.

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A study of a combined release model using perturbation solutions (섭동해를 이용한 혼합 누출에 관한 연구)

  • Kim, Myungbae
    • Journal of Energy Engineering
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    • v.23 no.4
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    • pp.41-48
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    • 2014
  • Leak of liquid has been categorized conventionally into instantaneous release and continuous release. In this study, the spread of cryogenic liquid due to limited period of release is investigated for the first time to establish a new classification method with recognizing the irrationality of the conventional one. Such physical phenomena are governed by simultaneous equations concerning volume, radius and height of pool of the cryogenic liquid, and major parameters are evaporation rate per unit area, time of release, and spill quantity. The simultaneous governing equations is decoupled to get efficiently perturbation solutions. As the results, for the same spill quantity, in view of release model, combined release model that consists of continuous and consecutive instantaneous model is necessary with small time of release, while continuous model is solely required with large time of release. Also, the combined model is necessary for small spill quantity with the same time of release. These two regimes of release are clearly distinguished using the perturbation solution to provide a clear basis for the new classification of release models.

Evaluation of Quantity Discounts for Buyer's Stocking Risk

  • Shin, Ho-Jung;Benton, W.C.;Park, Soo-Hoon
    • Management Science and Financial Engineering
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    • v.16 no.3
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    • pp.21-47
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    • 2010
  • Quantity discounts provide a practical foundation for supply chain inventory policies, improving the supplier's profit and reducing the buyer's inventory cost simultaneously. Traditional quantity-discount research, which deals with inventory coordination between a buyer and a supplier, is extended to a stationary stochastic environment. This research shows that the magnitude of the optimal discounts scheduled by the deterministic quantity discount models may not be large enough to cover the buyer's additional inventory stocking risks under uncertain conditions. As a result, the buyer's total inventory cost may often increase rather than decrease. In contrast, the proposed model allows the supplier to identify the discount level, which shares the buyer's amplified risk associated with temporary overstocking and ensures that both buyer and supplier benefit economically. The performance of the proposed model was tested in the continuous review environments via numerical experiments. The experimental results support the proposed method as a feasible alternative in coordinating inventory decisions under stochastic demand.

Analysis of Multi-branch Inventory Distribution System for an Item with Low Level of Demand : Lost Sale Model (다지점으로 구성된 재고시스템의 최적화 분석 : 저수요, 유실판매 모형)

  • Yoon Seung Chul;Choi Young Sub
    • Proceedings of the Society of Korea Industrial and System Engineering Conference
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    • 2002.05a
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    • pp.349-357
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    • 2002
  • This research is basically deals with an inventory distribution system with several regional sales branches. Under the continuous review policy, each sales branch places an order to its supplier whenever on hand plus on order inventory falls on the order point, and the order quantity is received after elapsing a certain lead time. This research first shows the method how to apply the product with low lever of demand into the continuous review policy. For the application, we use an order level as the maximum level of inventory during an order cycle. Also we analyze the lost sales case as a customer behavior. Further we use variable demands and variable lead times for more realistic situation. Based on the above circumstances, the research mainly discusses those methods to decide the optimal order level, order point, and order quantity for each sales branch which guarantees the system wide goal level of service, while keeping the minimum level of the system wide total inventory.

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Analysis of Multi-branch Inventory Distribution System for an Item with Low Level of Demand and Lost Sale Allowed (다지점으로 구성된 재고시스템의 최적화 분석 : 저수요, 유실판매 모형)

  • 윤승철;최영섭
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.25 no.3
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    • pp.78-84
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    • 2002
  • This research is basically deals with an inventory distribution system with several regional sides branches. Under the continuous review policy, each sales branch places an order to its supplier whenever on hand plus on order inventory falls on the order point, and the order quantity is received after elapsing a certain lead time. This research first shows the method how to apply the product with low lever of demand into the continuous review policy. For the application, we use an order level as the maximum level of inventory during an order cycle. Also we analyze the lost sales case as a customer behavior. Further we use variable demands and variable lead times for more realistic situation. Based on the above circumstances, the research mainly discusses those methods to decide the optimal order level, order point, and order quantity for each sales branch which guarantees the system wide goal level of service, while keeping the minimum level of the system wide total inventory.