• Title/Summary/Keyword: inventory control

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An Integrated Control Problem of Secondary Sourcing and Inventory in A Supply Chain (공급체인에 있어서 이차원천과 재고의 통합적 통제에 관한 연구)

  • Kim, Sung-Chul
    • Journal of the Korean Operations Research and Management Science Society
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    • v.32 no.1
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    • pp.93-104
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    • 2007
  • We consider a supply chain where products are shipped to warehouse from manufacturing system to customers. Products are supplied from either in-house regular manufacturing or the secondary source such as subcontractor. The inventory in warehouse is controlled by base-stock policy, that is, whenever a demand arrives from customer, an order is released to the manufacturing system. Unsatisfied demand is backlogged. The manufacturing system is modeled as M/M/s+1/c queueing system, and the orders exceeding the given limit care blocked and lost. The steady state distribution of the outstanding orders and the throughput of the manufacturing system are functions of the level of engagement In the secondary source. There is a profit obtained from throughput and cost not only due to the engagement of the secondary source in the manufacturing system but also inventory positions. We want to maximize the total production profit minus the total cost of the production system by simultaneously determining the optimal level of engagement of the secondary source and the optimal base-stock level of the inventory. We develop two algorithms : one without guarantee of the optimal solution but with the small number of computations, the other optimal but with more computations.

Application of Stochastic Optimization Method to (s, S) Inventory System ((s, S) 재고관리 시스템에 대한 확률최적화 기법의 응용)

  • Chimyung Kwon
    • Journal of the Korea Society for Simulation
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    • v.12 no.2
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    • pp.1-11
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    • 2003
  • In this paper, we focus an optimal policy focus optimal class of (s, S) inventory control systems. To this end, we use the perturbation analysis and apply a stochastic optimization algorithm to minimize the average cost over a period. We obtain the gradients of objective function with respect to ordering amount S and reorder point s via a combined perturbation method. This method uses the infinitesimal perturbation analysis and the smoothed perturbation analysis alternatively according to occurrences of ordering event changes. Our simulation results indicate that the optimal estimates of s and S obtained from a stochastic optimization algorithm are quite accurate. We consider that this may be due to the estimated gradients of little noise from the regenerative system simulation, and their effect on search procedure when we apply the stochastic optimization algorithm. The directions for future study stemming from this research pertain to extension to the more general inventory system with regard to demand distribution, backlogging policy, lead time, and review period. Another directions involves the efficiency of stochastic optimization algorithm related to searching procedure for an improving point of (s, S).

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Study on Real-Work NOx Emission Characteristics according to Load Factor of Excavator (굴착기의 부하율에 따른 실작업 질소산화물 배출 특성 연구)

  • Dal Ho Shin;Yun Seo Park;Chul Yoo;Suhan Park
    • Journal of Drive and Control
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    • v.20 no.3
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    • pp.1-8
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    • 2023
  • The purpose of this study was to investigate and compare the impact of engine load on the emission characteristics of excavator engines, with the aim of improving the method for calculating the emission inventory of construction machinery. The engine load in excavators is directly correlated with the operational workload, and variations in the load factor (LF) can significantly influence the emission inventory. Thus, on-board diagnostic (OBD) data from an excavator at a construction site were systematically collected to measure engine output and emissions. The results revealed discernible differences in emissions based on engine load, even when the average excavator engine performance remained constant. This highlights the significant influence of the type and characteristics of the work being carried out on emission characteristics. Making realistic adjustments to the LF used in emission calculation formulas emerges as a crucial strategy for environmental improvement. Moreover, the analysis of the effects of engine load on emissions from excavators provides valuable insights for enhancing environmental protection measures.

Decision-making Model of Supply Chain Inventory Management System (공급망 재고관리시스템의 의사결정모형)

  • Chen, Jinhui;Nam, Soo-tae;Jin, Chan-yong
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2021.05a
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    • pp.157-158
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    • 2021
  • Big data in the supply chain mainly comes from four aspects. One is the relevant data inevitably generated in the process of product value transfer of enterprises in the supply chain, such as production equipment quality data, planned procurement data, product data, etc; On the other hand, it is derived from the ERP data of various companies in the supply chain; The third is e-commerce data from the customer, and the last is data from external or manually entered data. A third-party data service center analysis and mining the data to predict and control the inventory in the process of supply chain operation. It brings innovation and change of management technology and way of thinking to the whole supply chain in many aspects, and finally achieves the goal of coordinated inventory and zero inventory of the whole supply chain.

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The Psychopathological Influence of Adolescent Idiopathic Scoliosis in Korean Male : An Analysis of Multiphasic Personal Inventory Test Results

  • Oh, Chang Hyun;Shim, Yu Shik;Yoon, Seung Hwan;Park, Hyeong-Chun;Park, Chong Oon;Lee, Myoung Seok
    • Journal of Korean Neurosurgical Society
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    • v.53 no.1
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    • pp.13-18
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    • 2013
  • Objective : There are few published studies which have documented psychopathological abnormalities in patients with of adolescent idiopathic scoliosis (AIS) The aim of this study was to evaluate the psychopathological influence of AIS in Korean 19-year-old males. Methods : The authors compared the Korean military multiphasic personal inventory (KMPI) military profiles of 105 AIS cases (more than 10 degrees of Cobb's angle without surgical treatment) with the KMPI profiles of 108 normal controls. The AIS group was split depending on Cobb's angle to further evaluate this relation by the severity of AIS. Results : A significantly decreased result on the faking-good response scale and an significantly increased result on the faking-bad response were observed in the AIS group compared to the control (p<0.012). The neurosis scale results, including anxiety, depression and somatization symptoms, were significantly increased in the AIS group compared to the control (p<0.010). The severity level of personality disorder and schizophrenia were also significantly increased in the AIS group (p<0.010). Differences in KMPI scale scores were not related to the severity of AIS. Conclusion : Young males with AIS tend to have abnormal results on the multiphasic personal inventory test compared to normal volunteers, suggesting that AIS may be related to psychopathology in the young male group in Korea. Although these psychopathology in AIS were differently observed compared to normal controls, but not interfered with military life. Clinicians are recommended to pay attention the psychopathological traits of patients with AIS.

Optimal Design Of Batch-Storage Network with Financial Transactions and Cash Flows (현금흐름을 포함하는 회분식 공정-저장조 망구조의 최적설계)

  • ;Lee, Euy-Soo;Lee, In-Beom;Yi, Gyeong-Beom
    • Journal of Institute of Control, Robotics and Systems
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    • v.11 no.11
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    • pp.956-962
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    • 2005
  • This paper presents an integrated analysis of production and financing decisions. We assume that a cash storage unit is installed to manage the cash flows related with production activities such as raw material procurement, process operating setup, Inventory holding cost and finished product sales. Temporarily financial investments are allowed for more profit. The production plant is modeled by the Batch-Storage Network with Recycle Streams in Yi and Reklaitis (2003). The objective function of the optimization is minimizing the opportunity costs of annualized capital investment and cash/material inventory while maximizing stockholder's benefit. No depletion of all the material and cash storage units is major constraints of the optimization. A novel production and inventory analysis formulation, the PSW(Periodic Square Wave) model, provides useful expressions for the upper/lower bounds and average level of the cash and material inventory holdups. The expressions for the Kuhn-Tucker conditions of the optimization problem can be reduced to two subproblems and analytical lot sizing equations under a mild assumption about the cash flow pattern of stockholder's dividend. The first subproblem is a separable concave minimization network flow problem whose solution yields the average material flow rates through the networks. The second subproblem determines the decisions about financial Investment. Finally, production and financial transaction lot sizes and startup times can be determined by analytical expressions as far as the average flow rates are calculated. The optimal production lot and storage sizes considering financial factors are smaller than those without such consideration. An illustrative example is presented to demonstrate the results obtainable using this approach.

A Study on the operation cost of physical distribution system with operation strategy of inventory control (재고통제 운용전략이 물적분배시스템 운용비용에 미치는 영향에 관한 연구)

  • Kim Phoung-Chan;Yang Dae-Yong
    • Journal of the Korea Society of Computer and Information
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    • v.11 no.2 s.40
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    • pp.295-301
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    • 2006
  • An operational strategy for inventory control on finished goods in the distribution system has been given attention to many enterprises and many studies regarding this field have been done and is also on-going currently. It handling large scale of smallness type are so the requisition of customer which is various that over it continues more full scale merit. therefore, It is a tendency that many of enterprise is handling small scale of smallness type for environment change confrontation. but It is not easy for the enterprise to In customer demand diversification suiting because too need many cost. In addition, at enterprise charge extra weight because remainder inventory is causes of defective stock for a inefficient problem solution. this paper is rationalization of stock cost decrease for comparison evaluation of small scale quantify handling of singleness type and small scale quantity handling of largeness type.

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Optimal Design of Process-Inventory Network under Cycle Time and Batch Quantity Uncertainties (이중 불확실성하의 공정-저장조 망구조 최적설계)

  • Suh, Kuen-Hack;Yi, Gyeong-Beom
    • Journal of Institute of Control, Robotics and Systems
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    • v.16 no.3
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    • pp.305-312
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    • 2010
  • The aim of this study is to find an analytic solution to the problem of determining the optimal capacity of a batch-storage network to meet demand for finished products in a system undergoing joint random variations of operating time and batch material loss. The superstructure of the plant considered here consists of a network of serially and/or parallel interlinked batch processes and storage units. The production processes transform a set of feedstock materials into another set of products with constant conversion factors. The final product demand flow is susceptible to joint random variations in the cycle time and batch size. The production processes have also joint random variations in cycle time and product quantity. The spoiled materials are treated through regeneration or waste disposal processes. The objective function of the optimization is minimizing the total cost, which is composed of setup and inventory holding costs as well as the capital costs of constructing processes and storage units. A novel production and inventory analysis the PSW (Periodic Square Wave) model, provides a judicious graphical method to find the upper and lower bounds of random flows. The advantage of this model is that it provides a set of simple analytic solutions while also maintaining a realistic description of the random material flows between processes and storage units; as a consequence of these analytic solutions, the computation burden is significantly reduced. The proposed method has the potential to rapidly provide very useful data on which to base investment decisions during the early plant design stage. It should be of particular use when these decisions must be made in a highly uncertain business environment.

A Study on a Multi-period Inventory Model with Quantity Discounts Based on the Previous Order (주문량 증가에 따른 할인 정책이 있는 다기간 재고 모형의 해법 연구)

  • Lim, Sung-Mook
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.32 no.4
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    • pp.53-62
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    • 2009
  • Lee[15] examined quantity discount contracts between a manufacturer and a retailer in a stochastic, two-period inventory model where quantity discounts are provided based on the previous order size. During the two periods, the retailer faces stochastic (truncated Poisson distributed) demands and he/she places orders to meet the demands. The manufacturer provides for the retailer a price discount for the second period order if its quantity exceeds the first period order quantity. In this paper we extend the above two-period model to a k-period one (where k < 2) and propose a stochastic nonlinear mixed binary integer program for it. In order to make the program tractable, the nonlinear term involving the sum of truncated Poisson cumulative probability function values over a certain range of demand is approximated by an i-interval piecewise linear function. With the value of i selected and fixed, the piecewise linear function is determined using an evolutionary algorithm where its fitness to the original nonlinear term is maximized. The resulting piecewise linear mixed binary integer program is then transformed to a mixed binary integer linear program. With the k-period model developed, we suggest a solution procedure of receding horizon control style to solve n-period (n < k) order decision problems. We implement Lee's two-period model and the proposed k-period model for the use in receding horizon control style to solve n-period order decision problems, and compare between the two models in terms of the pattern of order quantities and the total profits. Our computational study shows that the proposed model is superior to the two-period model with respect to the total profits, and that order quantities from the proposed model have higher fluctuations over periods.

A Study on the Systematic Inventory Control based on the Mathematical System Theory (수학적(數學的) 시스템 이론(理論)에 의한 재고관리(在庫管理)의 합리화(合理化)에 관한 연구(硏究))

  • Kim, Gwang-Seop;Hwang, Ui-Cheol
    • Journal of Korean Society for Quality Management
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    • v.11 no.1
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    • pp.2-9
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    • 1983
  • For the optimal achievement of system goals through a systematic analysis of the complex problems, systems engineering provides us the concepts and methodology that include comprehensive interpretability (or understandability), universal applicability, and feasibility. Under this aspect, the main objective of this study is that it introduces mathematical system theory (MST) as the fundamental tool of SE into the Inventory Control among the related parts with IE, and review it's applicability. Through its work, we can find that it has the alternative aspects with which it can replace other existing methods for problem-solving in understanding and analyzing structurally systems in themselves as well as being considerable of the time evolutionary process of a given system.

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