• Title/Summary/Keyword: Inventory Levels

Search Result 348, Processing Time 0.029 seconds

Multi -Criteria ABC Inventory Classification Using Context-Dependent DEA (컨텍스트 의존 DEA를 활용한 다기준 ABC 재고 분류 방법)

  • Park, Jae-Hun;Lim, Sung-Mook;Bae, Hye-Rim
    • Journal of Korean Society of Industrial and Systems Engineering
    • /
    • v.33 no.4
    • /
    • pp.69-78
    • /
    • 2010
  • Multi-criteria ABC inventory classification is one of the most widely employed techniques for efficient inventory control, and it considers more than one criterion for categorizing inventory items into groups of different importance. Recently, Ramanathan (2006) proposed a weighted linear optimization (WLO) model for the problem of multi-criteria ABC inventory classification. The WLO model generates a set of criteria weights for each item and assigns a normalized score to each item for ABC analysis. Although the WLO model is considered to have many advantages, it has a limitation that many items can share the same optimal efficiency score. This limitation can hinder a precise classification of inventory items. To overcome this deficiency, we propose a context-dependent DEA based method for multi-criteria ABC inventory classification problems. In the proposed model, items are first stratified into several efficiency levels, and then the relative attractiveness of each item is measured with respect to less efficient ones. Based on this attractiveness measure, items can be further discriminated in terms of their importance. By a comparative study between the proposed model and the WLO model, we argue that the proposed model can provide a more reasonable and accurate classification of inventory items.

A Study on Emotional Characteristics Using Upper Gastrointestinal Endoscopic Findings and The Core Seven Emotions Inventory-Short Form (상부위장관내시경 소견과 핵심칠정척도 단축형을 활용한 정서적 특성 연구)

  • Kim, Gwang Woo;Ko, Kyeong Jin;Han, Min Seok;Kang, Seong Hyeon;Kang, Hyung Won;Lyu, Yeoung Su
    • Journal of Oriental Neuropsychiatry
    • /
    • v.33 no.1
    • /
    • pp.21-31
    • /
    • 2022
  • Objectives: To perform correlation analysis between the Core Seven Emotions Inventory-Short Form (CSEI-s), Beck Anxiety Inventory (BAI), Beck Depression Inventory (BDI), upper gastrointestinal symptoms, and gastroscopic findings and to compare emotional characteristics with upper gastrointestinal endoscopic findings. Methods: In this study, medical records of 38 participants who visited the hospital for examination purposes or complained upper gastrointestinal symptoms and completed the CSEI-s, BAI, BDI, and Questionnaire for upper gastrointestinal symptoms were analyzed using SPSS (Statistical Package for the Social Sciences) version 25.0. Frequency Analysis, Descriptive Analysis, Independent t-test, Mann-Whitney's U-test, and Correlation analysis were performed. Results: The upper gastrointestinal symptom group showed higher levels of anger, sorrow, depression, and anxiety than the asymptomatic group. On gastroscopy, the normal group had higher levels of Joy than the abnormal group. The reflux esophagitis group showed higher levels of thought, depression, sorrow, and anxiety than the non-reflux esophagitis group. Joy showed a negative correlation with BDI score. However, anger, depression, sorrow, BAI, and BDI score showed positive correlations. Conclusions: Results of this study suggest that CSEI-s can be used to treat patients with upper gastrointestinal symptoms and reflux esophagitis.

Multi-Stage Supply Chain Inventory Control Using Simulation Optimization (시뮬레이션 최적화 방법을 이용한 다단계 공급망 재고 관리)

  • Yoo, Jang-Sun;Kim, Shin-Tae;Hong, Seong-Rok;Kim, Chang-Ouk
    • IE interfaces
    • /
    • v.21 no.4
    • /
    • pp.444-455
    • /
    • 2008
  • In the present manufacturing environment, the appropriate decision making strategy has a significance and it should count on the fast-changing demand of customers. This research derives the optimal levels of the decision variables affecting the inventory related performance in multi-stage supply chain by using simulation and genetic algorithm. Simulation model helps analyze the customer service level of the supply chain computationally and the genetic algorithm searches the optimal solutions by interaction with the simulation model. Our experiments show that the integration approach of the genetic algorithm with a simulation model is effective in finding the solutions that achieve predefined target service levels.

The Method of Determinating the Spare Inventory Level in the Repairable Munition System (수리가능한 군수품의 여유재고수준 결정기법)

  • Yu Hyeong-Geun;Kim Man-Sik;Kim Jong-Su
    • Journal of the military operations research society of Korea
    • /
    • v.16 no.2
    • /
    • pp.96-104
    • /
    • 1990
  • This paper concerns the problem of deciding the rational spare inventory levels for efficient use of a limited defence budget and, at the same time, for enhancing the operation rate of equipement/weapons in the army. The system we are concerned has a finite number of repairmen at each base and the depot. After repair job has completed, the repaired items are returned to the base where they have originated. For the system, we identify the distribution of the total number of failed items which belong to a base and develope a method to find spare inventory levels of repairable items at each base to satisfy a specified minimum fill rate.

  • PDF

Impact of Maintenance Time of Anti-Ship Missile Harpoon on Operational Availability with Field Data (야전데이터 기반 하푼 유도탄 정비 소요시간이 가동률에 미치는 영향 연구)

  • Choi, Youngjae;Ma, Jungmok
    • Journal of the Korea Institute of Military Science and Technology
    • /
    • v.23 no.4
    • /
    • pp.426-434
    • /
    • 2020
  • This paper studies the impact of the maintenance time of anti-ship missile Harpoon on operational availability with real field data. The Harpoon maintenance simulation model is developed as a testbed for identifying the optimal inventory levels on operational availability. Using multiple linear regression analysis and integer programming, the optimal inventory levels of essential assemblies are suggested. Finally, the result of sensitivity analysis shows the quantitative impact of maintenance time on operational availability and inventory costs. The authors believe that this quantitative analysis can support policy decisions to decrease maintenance time of missiles.

Optimal Stock Lovels for Parallel-Type Inventory System with Redistribution (재분배를 고려한 병렬형 재고시스템)

  • Gwon, Hui-Cheol;Kim, Man-Sik
    • Journal of Korean Society for Quality Management
    • /
    • v.17 no.2
    • /
    • pp.149-157
    • /
    • 1989
  • A one-upper warehouse n-lower retailer inventory model is discussed. The probability distribution of demand for a given perod is independent. The inventory holding cost is proportional to the number of unsold units and the cost of shortages is proportional to the number of shortages. In the event of a shortage, units are redistributed with a cost proportional to the number of units from the retailers which are a surplus at the end of the period. The optimum stock levels are obtained and the effects of redistribution are analized.

  • PDF

Effect of Korean Red Ginseng in individuals exposed to high stress levels: a 6-week, double-blind, randomized, placebo-controlled trial

  • Baek, Ji Hyun;Heo, Jung-Yoon;Fava, Maurizio;Mischoulon, David;Choi, Kwan Woo;Na, Eun Jin;Cho, Hana;Jeon, Hong Jin
    • Journal of Ginseng Research
    • /
    • v.43 no.3
    • /
    • pp.402-407
    • /
    • 2019
  • Background: To investigate the neurobiological evidence supporting the adaptogenic effects of Korean Red Ginseng in reducing the harmful consequences of stress using a double-blind, placebo-controlled trial. Method: Sixty-three subjects with high stress levels were randomized to receive an orally administered, double-blind, 6-week treatment with Korean Red Ginseng (n = 32) or placebo (n = 31). All participants underwent a comprehensive psychological evaluation using Beck Depression Inventory and Stress Response Inventory, cognitive evaluation using the continuous performance test, biological evaluation by measuring blood levels of lipids, catecholamines, inflammation markers, and heart rate variability at baseline and after 6 weeks. Results: At baseline, both groups showed no significant differences in age, sex, years of education, Beck Depression Inventory, and Stress Response Inventory. After 6 weeks, triglyceride levels were significantly increased within the normal limit in the Korean Red Ginseng group (F = 4.11, p = 0.048), and the epinephrine level was decreased in this group (F = 4,35, p = 0.043). The triglyceride increase was significantly associated with epinephrine decrease (B = 0.087, p = 0.041), suggesting that Korean Red Ginseng may stabilize the sympathetic nervous system. In addition, we detected a significant group by time effect in the visually controlled continuous performance test, suggesting positive effects of Korean Red Ginseng on cognition. Conclusion: Korean Red Ginseng might help to stabilize the sympathetic nervous system and improve cognition in individuals with high stress.

Single-period Stochastic Inventory Problems with Quadratic Costs

  • Song, Moon-Ho
    • Journal of the military operations research society of Korea
    • /
    • v.5 no.2
    • /
    • pp.15-25
    • /
    • 1979
  • Single-period inventory problems such as the newspaper boy problem having quadratic cost functions for both shortages and overage are examined to determine the optimal order level under various principles of choice such as minimum expected cost, aspiration level, and minimax regret. Procedures for finding the optimum order levels are developed for both continuous and discrete demand patterns.

  • PDF

Safety Stock Management Framework for Semiconductor Enterprises Under Demand and Lead Time Uncertainties (반도체부품 수요 및 납기 불확실성을 고려한 안전재고 설정 프레임워크)

  • Ho-Sin Hwang;Su-Yeong Kim;Jin-Woo Oh;Se-Jin Jung;In-Beom Park
    • Journal of the Semiconductor & Display Technology
    • /
    • v.22 no.2
    • /
    • pp.104-111
    • /
    • 2023
  • The semiconductor industry, which relies on global supply chains, has recently been facing longer lead time for material procurement due to supply chain uncertainties. Moreover, since increasing customer satisfaction and reducing inventory costs are in a trade-off relationship, it is challenging to determine the appropriate safety stock level under demand and lead time uncertainties. In this paper, we propose a framework for determining safety stock levels by utilizing the optimization method to determine the optimal safety stock level. Additionally, we employ a linear regression method to analyze customer satisfaction scores and inventory costs based on variations in lead time and demand. To verify the effectiveness of the proposed framework, we compared safety stock levels obtained by the regression equations with those of the conventional method. The numerical experiments demonstrated that the proposed method successfully reduces inventory costs while maintaining the same level of customer satisfaction when lead time increases.

  • PDF

A FOQ Model for Spare-Part Inventory Control (예비품(豫備品) 재고관리(在庫管理)를 위한 정량발주모형(定量發注模型))

  • Jeong, Sang-Il;Sin, Ju-Hang;Park, Yeong-Taek
    • Journal of Korean Society for Quality Management
    • /
    • v.18 no.2
    • /
    • pp.9-17
    • /
    • 1990
  • This paper deals with a FOQ( ; fixed-order quantity) model for spare-part inventory control. In a spare-part inventory problem, stock depletion arises not from external market demand but from internal demand resulting from failures of parts in use. The problem differs from the classical inventory problem in that the demand for a failed part never arises more during stockout period, since the unit remains inoperative when stockout occurs until the failed part is replaced by new one. In the problem under consideration, n identical units are operating simultaneously and failed one is replaced immediately by new one if on-hand spares remain. In order to replenish spares, an order with quantity Q is placed whenever the number of on-hand spares falls to levels. The average annual cost of operating the spare-part inventory system is derived under the assumption that both lifetime of a part and replenishment lead-time distributions are exponential.

  • PDF