• Title/Summary/Keyword: Inventory Allocation

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A supply planning model based on inventory-allocation and vehicle routing problem with location-assignment (수송경로 문제를 고려한 물류최적화모델의 연구)

  • 황흥석;최철훈;박태원
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1997.10a
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    • pp.201-204
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    • 1997
  • This study is focussed on optimization problems which require allocating the restricted inventory to demand points and assignment of vehicles to routes in order to deliver goods for demand sites with optimal decision. This study investigated an integrated model using three step-by-step approach based on relationship that exists between the inventory allocation and vehicle routing with restricted amount of inventory and transportations. we developed several sub-models such as; first, an inventory-allocation model, second a vehicle-routing model based on clustering and a heuristic algorithms, and last a vehicle routing scheduling model, a TSP-solver, based on genetic algorithm. Also, for each sub-models we have developed computer programs and by a sample run it was known that the proposed model to be a very acceptable model for the inventory-allocation and vehicle routing problems.

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Solutions for the Shelf Space Allocation and Inventory Replenishment of Convenience Stores with Product Substitution (제품대체를 고려한 편의점의 진열공간 할당과 재고보충을 위한 해법)

  • Yoon, Sung-Joon;Park, Yang-Byung
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.37 no.1
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    • pp.141-150
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    • 2014
  • Due to their accessibility and 24-hr availability, convenience stores are an integral part of daily lives. Because they sell a limited number of products and have small shelf space, shelf space allocation and inventory replenishment are important considerations for inventory management that critically affect profit. In this paper, we propose five solutions for the vendor-managed inventory problem of convenience stores that maximize profit while considering stock-out-based product substitutions. The performance of the proposed solutions is evaluated via simulation to reflect the demand uncertainty and marketing activity.

Integrated Inventory Allocation and Customer Order Admission Control in a Two-stage Supply Chain with Make-to-stock and Make-to-order Facilities (계획생산과 주문생산 시설들로 이루어진 두 단계 공급망에서 재고 할당과 고객주문 수용 통제의 통합적 관리)

  • Kim, Eun-Gab
    • Journal of the Korean Operations Research and Management Science Society
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    • v.35 no.1
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    • pp.83-95
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    • 2010
  • This paper considers a firm that operates make-to-stock and make-to-order facilities in successive stages. The make-to-stock facility produces components which are consumed by the external market demand as well as the internal make-to-order operation. The make-to-order facility processes customer orders with the option of acceptance or rejection. In this paper, we address the problem of coordinating how to allocate the capacity of the make-to-stock facility to internal and external demands and how to control incoming customer orders at the make-to-order facility so as to maximize the firm's profit subject to the system costs. To deal with this issue, we formulate the problem as a Markov decision process and characterize the structure of the optimal inventory allocation and customer order control. In a numerical experiment, we compare the performance of the optimal policy to the heuristic with static inventory allocation and admission control under different operating conditions of the system.

A Vehicle Routing Model for Multi-Supply Centers Based on Lp-Distance (일반거리산정방법을 이용한 다-물류센터의 최적 수송경로 계획 모델)

  • Hwang, Heung-Suk
    • IE interfaces
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    • v.11 no.1
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    • pp.85-95
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    • 1998
  • This study is focussed on an optimal vehicle routing model for multi-supply centers in two-echelon logistic system. The aim of this study is to deliver goods for demand sites with optimal decision. This study investigated an integrated model using step-by-step approach based on relationship that exists between the inventory allocation and vehicle routing with restricted amount of inventory and transportations such as the capability of supply centers, vehicle capacity and transportation parameters. Three sub-models are developed: 1) sector-clustering model, 2) a vehicle-routing model based on clustering and a heuristic algorithm, and 3) a vehicle route scheduling model using TSP-solver based on genetic and branch-and-bound algorithm. Also, we have developed computer programs for each sub-models and user interface with visualization for major inputs and outputs. The application and superior performance of the proposed model are demonstrated by several sample runs for the inventory-allocation and vehicle routing problems.

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The Proportional Method for Inventory Cost Allocation (재고비용할당을 위한 비례적 접근법)

  • Lee, Dongju
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.41 no.4
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    • pp.220-227
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    • 2018
  • The cooperative game theory consists of a set of players and utility function that has positive values for a subset of players, called coalition, in the game. The purpose of cost allocation method is to allocate the relevant cost among game players in a fair and rational way. Therefore, cost allocation method based on cooperative game theory has been applied in many areas for fair and reasonable cost allocation. On the other hand, the desirable characteristics of the cost allocation method are Pareto optimality, rationality, and marginality. Pareto optimality means that costs are entirely paid by participating players. Rationality means that by joining the grand coalition, players do not pay more than they would if they chose to be part of any smaller coalition of players. Marginality means that players are charged at least enough to cover their marginal costs. If these characteristics are all met, the solution of cost allocation method exists in the core. In this study, proportional method is applied to EOQ inventory game and EPQ inventory game with shortage. Proportional method is a method that allocates costs proportionally to a certain allocator. This method has been applied to a variety of problems because of its convenience and simple calculations. However, depending on what the allocator is used for, the proportional method has a weakness that its solution may not exist in the core. Three allocators such as demand, marginal cost, and cost are considered. We prove that the solution of the proportional method to demand and the proportional method to marginal cost for EOQ game and EPQ game with shortage is in the core. The counterexample also shows that the solution of the proportional method to cost does not exist in the core.

A Study on the Decision Determination of Replenishment using Dynamic Approach in (1,m)Type Inventory System (DP법을 이용한 (1,m)형 재고시스템의 보충 의사결정에 관하여)

  • 이재원;이철영;조덕필
    • Journal of Korean Port Research
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    • v.14 no.1
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    • pp.37-45
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    • 2000
  • Centralized safety stock in a periodic replenishment system which consists of one central warehouse and m regional warehouse can reduce backorders allocating the centralized safety stocks to regional warehouse in a certain instant of each replenishment cycle. If the central warehouse can not monitoring inventories in the regional warehouse, then we have to predetermine the instant of allocation according to demand distribution and this instant must be same for all different replenishment cycle. However, transition of inventory level in each cycle need not to be same, and therefore different instant of the allocation may results reduced shortage compare to the predetermined instant of allocation. In this research, we construct a dynamic model based on the assumption of monitoring inventories in the regional warehouse everyday, and develop an algorithm minimize shortage in each replenishment cycle using dynamic programming approach.

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Minimize Shortages in Two-Phase Periodic Replensihment System Using Dynamic Approach ((1, m)형 재고시스템에 의한 안전재고의 집중과 최적분배계획에 관한 연구)

  • 이재원;이철영;조덕필
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 1999.10a
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    • pp.83-90
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    • 1999
  • Centralized safety stock in a periodic replenishment system which consists of one central warehouse and m regional warehouse can reduce backorders allocation the centralized safety stocks to regional warehouse in a certain instant of each replenishment cycle. If the central warehouse can not monitoring inventories in the regional warehouse, then we have to predetermine the instant of allocation according to demand distribution and this instant must be same for all different replenishment cycle. However, transition of inventory level in each cycle need not to be same, and therefore different instant of the allocation may results reduced shortage compare to the predetermined instant of allocation. In this research, we construct a dynamic model based on the assumption of monitoring inventories inventories in the regional warehouse everyday, and develop an algorithm minimize shortage in each replenishment cycle using dynamic programming approach.

Korea Emissions Inventory Processing Using the US EPA's SMOKE System

  • Kim, Soon-Tae;Moon, Nan-Kyoung;Byun, Dae-Won W.
    • Asian Journal of Atmospheric Environment
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    • v.2 no.1
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    • pp.34-46
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    • 2008
  • Emissions inputs for use in air quality modeling of Korea were generated with the emissions inventory data from the National Institute of Environmental Research (NIER), maintained under the Clean Air Policy Support System (CAPSS) database. Source Classification Codes (SCC) in the Korea emissions inventory were adapted to use with the U.S. EPA's Sparse Matrix Operator Kernel Emissions (SMOKE) by finding the best-matching SMOKE default SCCs for the chemical speciation and temporal allocation. A set of 19 surrogate spatial allocation factors for South Korea were developed utilizing the Multi-scale Integrated Modeling System (MIMS) Spatial Allocator and Korean GIS databases. The mobile and area source emissions data, after temporal allocation, show typical sinusoidal diurnal variations with high peaks during daytime, while point source emissions show weak diurnal variations. The model-ready emissions are speciated for the carbon bond version 4 (CB-4) chemical mechanism. Volatile organic carbon (VOC) emissions from painting related industries in area source category significantly contribute to TOL (Toluene) and XYL (Xylene) emissions. ETH (Ethylene) emissions are largely contributed from point industrial incineration facilities and various mobile sources. On the other hand, a large portion of OLE (Olefin) emissions are speciated from mobile sources in addition to those contributed by the polypropylene industry in point source. It was found that FORM (Formaldehyde) is mostly emitted from petroleum industry and heavy duty diesel vehicles. Chemical speciation of PM2.5 emissions shows that PEC (primary fine elemental carbon) and POA (primary fine organic aerosol) are the most abundant species from diesel and gasoline vehicles. To reduce uncertainties in processing the Korea emission inventory due to the mapping of Korean SCCs to those of U.S., it would be practical to develop and use domestic source profiles for the top 10 SCCs for area and point sources and top 5 SCCs for on-road mobile sources when VOC emissions from the sources are more than 90% of the total.

An Efficient Mixed-Integer Programming Model for Berth Allocation in Bulk Port (벌크항만의 하역 최적화를 위한 정수계획모형)

  • Tae-Sun, Yu;Yushin, Lee;Hyeongon, Park;Do-Hee, Kim;Hye-Rim, Bae
    • Journal of Korea Society of Industrial Information Systems
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    • v.27 no.6
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    • pp.105-114
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    • 2022
  • We examine berth allocation problems in tidal bulk ports with an objective of minimizing the demurrage and dispatch associated berthing cost. In the proposed optimization model inventory (or stock) level constraints are considered so as to satisfy the service level requirements in bulk terminals. It is shown that the mathematical programming formulation of this research provides improved schedule resolution and solution accuracy. We also show that the conventional big-M method of standard resource allocation models can be exempted in tidal bulk ports, and thus the computational efficiency can be significantly improved.