• Title/Summary/Keyword: Inventory Cycle

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A Study on Knowledge Service R&D Management Process Innovation : Through Marketing Intelligence Solution Development Case (사례를 통한 지식서비스 R&D 관리개선 연구 : 마케팅인텔리전스솔루션 기술개발 R&D 사례를 통해서)

  • Kim, Hyun-Soo
    • Journal of Information Technology Services
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    • v.10 no.4
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    • pp.295-307
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    • 2011
  • The purpose of this research is to find a better knowledge service R&D management process. There are four basic characteristics in service : intangibility, inseparability, inconsistency, and no inventory. These intrinsic characteristics require us to change the traditional manufacturing sector based R&D management process. It is necessary to develop an effective knowledge service R&D management model to improve the competitiveness of the service industry and Korean economy. A model case knowledge service R&D has been performed to find a better R&D management model. The whole cycle of R&D process, such as planning, selection, performing, and evaluation has been reviewed by real experience. Several important aspects of R&D process are compared between manufacturing R&D and service R&D. A knowledge service R&D management framework has been suggested. The results of this research can be used for building a better service R&D management process.

a linear system approach

  • 이태억
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1993.10a
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    • pp.118-118
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    • 1993
  • We consider a discrete event dynamic system called periodic job shop, where an identical mixture of items called minimal part set(MPS) is repetitively produced in the same processing order and the primary performance measure is the cycle time. The precedence relationships among events(starts of operations) are represented by a directed graph with rocurront otructure. When each operation starts as soon as all its preceding operations complete(called earliest starting), the occurrences of events are modeled in a linear system using a special algebra called minimax algebra. By investigating the eigenvalues and the eigenvectors, we develop conditions on the directed graph for which a stable steady state or a finite eigenvector exists. We demonstrate that each finite eigenvector, characterized as a finite linear combination of a class of eigenvalue, is the minimum among all the feasible schedules and an identical schedule pattern repeats every MPS. We develop an efficient algorithm to find a schedule among such schedules that minimizes a secondary performance measure related to work-in-process inventory. As a by-product of the linear system approach, we also propose a way of characterizing stable steady states of a class of discrete event dynamic systems.

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An improved Ordering and Recovery Policy for Reusable Items (재활용품 제고시스템에 대한 주문 및 재생정책의 개선방안)

  • Jung, Jin-A;Koh, Shie-Gheun
    • Journal of Korean Institute of Industrial Engineers
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    • v.34 no.1
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    • pp.32-41
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    • 2008
  • This paper studies a joint EOQ and EPQ model in which a stationary demand can be satisfied by recycled products as well as newly purchased products. The model assumes that a fixed quantity of the used products are collected from customers and later recovered for reuse. The recovered products are regarded as perfectly new ones. We also assume that the number of orders for newly purchasing items and the number of recovery setups in a cycle can be mutually independent integers. Under these assumptions, we develop an optimization model obtaining the economic order quantity for newly procured products, the optimal lot size for the recovery process, and the sequence of the orders and the setups, simultaneously. And then a simple solution procedure to find a local optimal control parameter set is proposed. To validate the model and the solution procedure, finally, some computational experiments are presented.

Offsetting Inventory Cycle of Items Sharing Storage using Mixed Integer Programming & Genetic Algorithm (혼합정수계획법 및 유전자 알고리즘을 이용한 다품목 재고 시스템의 주문 주기 상쇄에 관한 연구)

  • 문일경;차병철;김선권
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2003.11a
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    • pp.81-84
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    • 2003
  • The ability to determine the optimal frequencies and offsets for independent and unrestricted ordering cycles for multiple items can be very valuable for managing storage capacity constrained facilities in a supply chain. The complexity of this problem has resulted in researchers focusing on more tractable surrogate problems that are special cases of the base problem. Murthy et al. (European Journal of Operation Research 2003) developed insights leading to solution of the original problem and present a heuristic for offsetting independent and unrestricted ordering cycles for items to minimize their joint storage requirements. However, their study cannot find optimal solution due to the Greedy Heuristic solution procedure. In this paper, we present a complete procedure to find the optimal solution for the model with a integer programming optimization approach and genetic algorithm. Numerical examples are included to compare each model with that of Murthy et at. Research of this type may prove useful in solving the more general problem of selecting order policies to minimize combined holding, ordering, and storage costs.

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Trading Day Effect on the Seasonal Adjustment for Korean Industrial Activities Trend Using X-12-ARIMA

  • Park, Worlan;Kang, Hee Jeung
    • Communications for Statistical Applications and Methods
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    • v.7 no.2
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    • pp.513-523
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    • 2000
  • The X-12-ARIMA program was utilized on the analysis of the time series trend on 76 Korean industrial activities data in order to ensure that the trading day effect adjustment as well as the seasonal effect adjustment is needed to extract the fundamental trend-cycle factors from various economic time series data. The trading day effect is strongly correlated with the activity of production and shipping but not with the activity of inventory. Furthermore, the industrial activities were classified with respect to the sensitivity on the tranding day effect.

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Designing a Coordinated Setup Cost Reduction Program of a Supply Chain

  • Lee, Chang-Hwan;Pae, Jae-H.
    • Management Science and Financial Engineering
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    • v.13 no.2
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    • pp.117-139
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    • 2007
  • This paper contributes by incorporating works addressing supply chain coordination and investing in setup reduction program. Consider a two-echelon, EOQ-like inventory system consisting of a supplier and a buyer. We assume that both the supplier and the buyer can invest in setup cost reduction programs in order to benefit from small order sizes. However, the costs of investing in setup cost reduction programs are different for the two parties, leading to mismatches in individually optimal setup costs and order cycle times. We propose a supply chain coordination contract that makes use of quantity discount as an incentive transfer scheme for supply chain coordination.

Application of LCA technique to railway track system for sustainable development (지속가능한 발전을 위한 궤도시스템의 LCA기법 적용 연구)

  • Lee, Cheul-Kyu;Kim, Yong-Ki;Lee, Ji-Ha;Lee, Jae-Young
    • Proceedings of the KSR Conference
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    • 2007.11a
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    • pp.1309-1313
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    • 2007
  • In this study, Among various rail track systems, Ballast and concrete track system of Seoul-Busan High-speed Line was adopted to quantify the amount of environment load through the LCA technique. It was intended to compare the results of both track systems through investigating life cycle inventory and gathering the material and energy flows of each track system. With applying the LCA technique to railway infrastructure, which simple maintenance was considered in the past, fundamental technology can be established for the sustainable development in the railway construction industry.

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Optimal Stocking for Age-replaced Non-repairable Items (수리 불가능한 품목의 수명교환을 위한 최적 재고정책)

  • Park, Young-Taek;Park, Kyung-Soo
    • Journal of the Korean Operations Research and Management Science Society
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    • v.14 no.2
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    • pp.75-86
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    • 1989
  • Joint stocking and preventive age replacement policy is considered for non-repairable items assuming instantaneous replenishment. A recursive relationship among the optimal preventive replacement ages is obtained, which shows that the preventive replacement ages in a replenishment cycle form an increasing sequence due to the inventory carrying cost. Using this relationship, a procedure is given for determining how many units to purchase on each order and when to replace each unit after it has begun operating so as to minimize the total cost per unit time over an infinite time span. The problem can be simplified if equal preventive replacement ages are assumed, and the solution is very close to that of the original unconstrained problem.

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A Study on Scheduling by Customer Needs Group (고객 요구 집단에 의한 일정계획 수립에 관한 연구)

  • 양광모;박재현;강경식
    • Proceedings of the Safety Management and Science Conference
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    • 2002.11a
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    • pp.233-238
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    • 2002
  • The product process is sequence of all the required activities that a company must perform to develop, and manufacture a product. These activities include marketing, research, engineering design, quality assurance, manufacturing, and a whole chain of suppliers and vendors. The process also comprises all strategic planning, capital investments, management decisions, and tasks necessary to create a new product. manufacturing processes must be created so that the product can be produced in the product facility Purchasing new equipment and training workers may be required if new technology is to be used. Tools, fixtures, and the sequence of steps in the manufacturing processes must all be developed to allow rapid, high-quality, cost effective production. Also, it may be needed to be rearrange the production facility to adapt to the new manufacturing processes. Therefore, this study tries to proposed that Scheduling by customer needs group for minimizing the problem and reducing inventory, product development time, cycle time, and order lead time.

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Study on assessment of the environmental impacts for track system by Input-Output Analysis (산업연관분석법에 의한 궤도시스템의 환경부하 평가)

  • Kim, Yong-Ki;Lee, Cheul-Kyu;Jeon, Yong-Sam;Jo, Hyun-Jung
    • Proceedings of the KSR Conference
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    • 2009.05a
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    • pp.73-76
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    • 2009
  • LCA is nowadays getting popular as a tool to assess the environmental impacts. We can assess the environmental impacts of products and also compare the environmental performance between products with LCA. Furthermore, the LCA results can be used for designing eco-friendly products. But LCA needs an enormous amount of data collection, calculations of energy and material balance. which required to spend pretty much time and cost. However, If we use Input-Output Analysis, There is a lot of advantages that we can save time and cost to calculate and also analyze energy-material balance more comprehensively. Therefore, we implemented the fundamental research of the environmental impact assessment on railway system using life cycle inventory analysis and Input-Output Analysis method.

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