• Title/Summary/Keyword: size of inventory

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Supply Chain Inventory Model for Items with Stock Dependent Demand Rate and Exponential Deterioration under Order-Size-Dependent Delay in Payments (주문량 종속 신용거래 하에서 재고 종속형 제품수요를 갖는 퇴화성제품의 공급체인 재고모형)

  • Shinn, Seong Whan
    • Journal of the Korea Safety Management & Science
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    • v.17 no.3
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    • pp.279-287
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    • 2015
  • 본 연구는 공급자(supplier), 중간공급자(distributor) 그리고 고객(customer)으로 구성된 2 단계 공급사슬에서 퇴화성 제품(deteriorating products)에 대한 중간공급자의 재고모형을 분석하였다. 문제 분석을 위해 공급자는 중간공급자의 수요 증대를 목적으로 중간공급자의 주문 크기에 따라 차별적으로 외상 기간을 허용하고, 최종 고객의 수요는 중간공급자의 재고 수준에 따라 선형적(linearly)으로 증가한다는 가정 하에 모형을 분석하였다. 중간공급자의 이익을 최대화하는 경제적 주문량 결정 방법을 제시하였고, 예제를 통하여 그 해법의 타당성을 보였으며, 민감도 분석을 통하여 퇴화율이 재고정책에 미치는 영향을 분석하였다.

A Heuristic Solution for the Inventory Constrained Ship Routing for Multi-Commodity Bulk (복합화물의 재고를 고려한 선박 운송계획에 관한 발견적 해법)

  • Won, Suk-Hee;Hwang, Seung-June
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.32 no.4
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    • pp.142-152
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    • 2009
  • We developed two heuristic methods to solve the problem considering a fleet of ships delivering chemical products from terminals to terminals. We need to decide how much of each product to carry, on which ship, subject to the conditions that all terminals must have sufficient products to meet demand, and the stock levels of the products cannot exceed the inventory capacity of that terminal. Mathematical formulation and the optimal objective value for the small size problems are compared with two greedy heuristic methods developed in terms of solution qualities and computing time. Numerical experiments on test problems indicate that the heuristics are effective at finding good solutions quickly.

A Single-Line Multi-Product Planning Problem Considering Inventory Interest Based on the Business Custom (상습관(商習慣)에 의한 재고금리(在庫金利)를 고려한 단일제조(單一製造)라인의 복수제품(複數製品) 생산계획(生産計劃))

  • Park, Seung-Heon
    • Journal of Korean Institute of Industrial Engineers
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    • v.13 no.1
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    • pp.1-10
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    • 1987
  • This paper deals with a single-facility multiproduct lot-size model requiring consideration of setup costs. Each product is demanded at the constant rate per unit time in the next particular period. Due to the limitation of the production capacity, some productions of total demand requirement in that period must be pre-produced. The aim of this project is to determine when and how much of each product to make in order to minimize the total setup costs and inventory carrying-costs of all products. Also this paper contains the further realistic treatment of inventory carrying-costs.

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Continuous Review (Q, r) Inventory Model with Stochastic Lead Time (확률적 조달기간을 갖는 연속조사 (Q,r) 재고모형)

  • Lee Chang-Hui;Min Gye-Ryo
    • Journal of the military operations research society of Korea
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    • v.18 no.2
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    • pp.181-191
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    • 1992
  • In this paper in order to prevent break of operation of equipments resulted from the delay of parts supply, the continuous review(Q, r) inventory model with probabilistic lead time is developed. If the lead tire is random varivable, the cycle also is stochastic. Then it is not easy to obtain the total cost equation of this inventory model. Therefore it is assumed that one cycle is the interval of reorder points. When the lead time is assumed to have exponential probability distribution, the lot-size and reorder point which minimize total cost are obtained. And as the lead time increases, the order quantity and the total cost are greater, but the reorder point increases by a certain point of time and then decreases.

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Development of coastal wetland inventory using Geographic Information System & Remote Sensing (지리정보체계와 원격탐사에 의한 연안습지목록 개발에 관하여)

  • Yi, Gi-Chul;Im, Byung-Sun;Woo, Chang-Ho;Yang, Hyo-Sik
    • Journal of Korean Society for Geospatial Information Science
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    • v.4 no.2 s.8
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    • pp.149-159
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    • 1996
  • It's required such information as location, size, distribution and abundance of wetlands as well as categorization of adjacent land-uses to manage effectively and to make wise planning decisions about resources of coastal area. Wetland inventory derived from the technology of Geographic Information System and remote sensing is inexpensive compared to the data based on conventional field data collection and cartographic methods. Furthermore, wetland inventory may prove to be useful references in the wetland management.

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Sensitivity analysis on the length of credit period for an inventory model with stock dependent consumption rate (재고 종속형 수요를 고려한 재고모형의 신용 거래 기간에 따른 민감도 분석)

  • Shinn, Seong-Whan
    • The Journal of the Convergence on Culture Technology
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    • v.8 no.6
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    • pp.655-660
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    • 2022
  • This paper analyzes the problem of the economic order quantity (lot size) of a retailer in a two-stage supply chain consisting of a supplier, a retailer(distributor), and a customer. In this two-stage supply chain, the supplier permits the retailer to defer payment for a certain fixed period of time for the purchase cost to be paid by the retailer as a price differentiation strategy with his competitor. In addition, in the case of customer goods such as food and grain, it is common to see that end-customer demand is generally depend on the level of inventory displayed by the retailer. From this perspective, this paper analyzes the inventory problem of retailers under the assumption that the supplier may allow a certain period to suspend payments for the purchase of goods and the end customer demand is a function of the retailer's inventory level increasing with size. In this regard, we need to analyze how much the length of the grace period for product purchase costs affect the retailer's lot-sizing policy. Therefore, we formulate the retailer's annual net profit and analyze the effect of the length of credit period on the retailer's inventory policy numerically.

The Study of the Production Lot Size with Learning Effects (학습 효과를 고려한 생산 로트싸이즈 결정에 관한 연구)

  • 남호기
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.18 no.35
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    • pp.89-94
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    • 1995
  • Previous MRP models were developed without considering learning effects on the determination of the production lot size environment. The only consideration was the setup and inventory holding costs. In this paper the proposed MRP model were developed incorporated the effects of learning. The result of this model show that learning significantly influence the production lot size and total variable cost. The numerical examples have been used to illustrated the impact of proposed model.

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A Ship Scheduling Model for Raw Material Transportation with Yard Storage Constraints in a Steel Mill (재고수준을 고려한 제철원료 수송을 위한 선박 일정계획 수립 모형)

  • Seong, Deok-Hyun;Suh, Min-Soo;Kim, Sang-Won;Kim, Woo-Jin
    • Journal of Information Technology Services
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    • v.10 no.3
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    • pp.49-59
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    • 2011
  • A ship scheduling model is presented for the raw material transportation problem with yard storage constraints in a steel mill. The problem is formulated as 0, 1 mixed integer programming considering such constraints as loading port conditions, ship size and hold capacity, unloading conditions, and yard storage space. In addition, inventory related constraints including safety stock are taken into consideration to support the continuous operations of steel making process. The proposed model has been implemented and applied successfully to a real world problem, and its results show the improvement of performance compared to the traditional method. For example, the arrival dates of ships are determined satisfying the constraints. The total inventory level is minimized at the stock yard as a result. Also, the safety inventory level is always kept at the planning stage, and the standard deviation of total inventory level is reduced significantly. Further research is expected to develop efficient heuristics to have a better response time for even larger scale problems.

Economic Order Quantity(EOQ) Determination Process for Construction Material considering Demand Variation and Stockyard Availability (일일 수요량 변동성과 가용야적면적을 고려한 건설 자재의 경제적주문량(EOQ) 산정 프로세스)

  • Yun, Jung-Sook;Yu, Jung-Ho;Kim, Chang-Duck
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.1
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    • pp.33-42
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    • 2011
  • Part of material and inventory management is one of important factor for business interests. But importance of material and inventory management in domestic construction project has been relatively devalued. The existing study of inventory has been studied with limited individual factor about inventory management. Therefore construction material management needs improvement via an accurate prediction with whole and systematic process viewpoint. and existing theory of material and inventory introduction to construction from manufacturing needs reflecting characteristics about construction project. This paper suggests material management process for economic material management. This paper to make a unit curtain wall of case construction project comparison between total cost of existing material management process and total cost of economic order quantity of proposal material management process To verify usefulness of order point and order quantity determination process.

Optimal Design of Process-Inventory Network Considering Exchange Rates and Taxes in Multinational Corporations (다국적 기업에서 환율과 세금을 고려한 공정-저장조 망구조의 최적설계)

  • Yi, Gyeong-Beom;Suh, Kuen-Hack
    • Journal of Institute of Control, Robotics and Systems
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    • v.17 no.9
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    • pp.932-940
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    • 2011
  • This paper presents an integrated analysis of supply chain and financing decisions of multi-national corporation. We construct a model in which multiple currency storage units are installed to manage the currency flows associated with multi-national supply chain activities such as raw material procurement, process operation, inventory control, transportation and finished product sales. Core contribution of this study is to quantitatively investigate the influence of macroscopic economic factors such as exchange rates and taxes on operational decisions. The supply chain is modeled by the Process-Storage Network with recycle streams. The objective function of the optimization is minimizing the opportunity costs of annualized capital investments and currency/material inventories minus the benefit to stockholders interpreted by home currency. The major constraints of the optimization are that the material and currency storage units must not be depleted. A production and inventory analysis formulation, the periodic square wave (PSW) model, provides useful expressions for the upper/lower bounds and average levels of the currency and material inventory holdups. The expressions for the Kuhn-Tucker conditions of the optimization problem are reduced to a subproblem and analytical lot sizing equations. The procurement, production, transportation and financial transaction lot sizes can be determined by analytical expressions after the average flow rates are already known. We show that, when corporate income tax is taken into consideration, the optimal production lot and storage sizes are smaller than is the case when such factors are not considered typically by 20 %.