• Title/Summary/Keyword: Inventory Policy

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Optimal Policy for (s, S) Inventory System by a Sensitivity Analysis through Simulation (시뮬레이션 민감도 분석을 이용한 (s, S) 재고 시스템의 최적전략)

  • 권치명
    • Proceedings of the Korea Society for Simulation Conference
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    • 2003.06a
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    • pp.167-175
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    • 2003
  • 본 연구는 (s, S) 재고시스템의 최적 재고정책을 수립하는 문제를 시뮬레이션을 통하여 분석하고자 한다. 이러한 목적으로 재고관리비용에 대한 파라미터 (s, S)의 민감도를 퍼터베이션 분석법으로 구하고 확률 최적화 기법을 적용하여 단위 기간에 평균 재고관리비용을 최적으로 하는 재고정책을 발견하였다. 민감도의 추정에는 IPA법과 SPA법을 표본경로의 주문 사건 변동에 따라 조건적으로 결합하여 사용하였다. 시뮬레이션 결과 s와 S의 최적정책 추정치를 상당히 정확한 값으로 얻었으며 이러한 결과는 보다 일반적인 재고관리 문제의 분석에 도움을 줄 것으로 기대한다.

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An Inventory Policy for Partial Backorders Case with Interest Rate (이자율(利子率)을 고려한 부분(部分) 부재고(負在庫) 재고(在庫) 모형(模型)에 관한 연구)

  • Kim, Jae-Wan;O, Se-Ho
    • Journal of Korean Institute of Industrial Engineers
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    • v.13 no.2
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    • pp.1-8
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    • 1987
  • In this paper, a deterministic EOQ model with interest rate in which a proportion (${\beta}$) of the demand is backlogged and the rest (1-${\beta}$) is lost. The optimal order quantity is derived and the corresponding average cost is obtained, Sensitivity analysis is performed to sec the influence of interest rate on the optimal order quantity and the average cost. Finally a numerical example is given in which optimum quantities of the model developed in this study and those of the conventional EOQ model are compared.

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Direction for the management of hazardous air pollutants in Korea (우리나라 유해대기오염물질의 관리 방향)

  • Yeo, Min Ju;Kim, Na Kyung;Kim, Bong Mann;Jung, Chang Hoon;Hong, Ji-hyung;Kim, Yong Pyo
    • Particle and aerosol research
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    • v.12 no.3
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    • pp.81-94
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    • 2016
  • Managing hazardous air pollutants (HAPs) becomes an important issue with the amendment of the Clean Air Conservation Act in 2012. In this study, to develop an effective air quality management policy direction against the HAPs in Korea, (1) the HAPs control policies in the USA, United Kingdom, Japan, and the South Coast Air Quality Management District (SQAQMD) are reviewed, (2) the state of the art of the HAPs management in Korea are studied, and (3) policy directions are suggested. It was found that each country has its own policy priority and management directions. It was also found that the current HAPs management status is far behind to the countries compared in HAPs identification, emission inventory, monitoring, modeling, and risk management. Further policy directions are suggested.

A Development of Reverse Supply Chain Simulation Model Considering a Recycling (재활용을 고려한 역공급사슬 시뮬레이션 모델 개발)

  • Lim, Seok-Jin;Park, Byung-Tae
    • Journal of the Korea Safety Management & Science
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    • v.11 no.4
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    • pp.193-199
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    • 2009
  • Recently, an industrial production-distribution planning problem has been widely investigated in Supply Chain Management(SCM). One of the key issues in the current SCM research area is reverse logistics network. This study have developed a simulation model for the reverse logistics network. The simulation model analysis reverse logistics network issues such as inventory policy, manufacturing policy, transportation mode, warehouse assignment, supplier assignment. Computational experiments using commercial simulation tool ARENA show that the real problems. The model can be used to decide an appropriate production-distribution planning problem in the research area.

An Assessment of the Energy Consumption & CO2 Emission during the Construction Stage of Government Building using the Input-Output Analysis (산업연관분석법을 통한 공공청사 신축공사단계의 에너지 소비량 및 CO2 발생량 평가)

  • Choi, Young-Hun;Lee, Sang-Beom;Song, Ho-San
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2011.11a
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    • pp.149-150
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    • 2011
  • Recently, Goverment's Energy-saving policy in Korea as 'Green Growth' is very remarkable effort. By intensive poliicies, the private is encouraged to participate in policy. Especially, it is very important in the field of architecture and we have to work for construction of law system. However, these efforts of the government buildings for energy efficiency in use stage is as mandatory system that may occur in the construction phase and the enviromental impact of greenhouse gas reductions is not affected. For this reason, Assess the amount of the energy consumption and CO2 emissioont of Government Buildings in 2010 ordered by PPS(Public Procurement Service) in the construction phase and suggest to recognize the need for legal restrictions.

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A Study on the Multi-Level Distribution Policy of High Demand Rate Goods. (수요율이 높은 제품의 다단계 분배정책에 관한 연구)

  • 유형근;김종수
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.17 no.31
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    • pp.59-72
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    • 1994
  • This paper deals with ordering policies of consumable goods which have large demand rates in a multi-level distribution system. The system we are concerned consists of one Central Distribution Center(CDC) and N non-identical Regional Distribution Centers(RDCs) which have different demand rates, minimum fillrates, leadtimes, etc. The customer demand on the RDC is stationary poisson and the RDCs demand on the CDC is superposition of Q-stage Erlang distributions. We approximate the RDCs and CDC demand distribution to nomal in order to enhance the efficiency of algorithm. The relevant costs include a fixed ordering cost and inventory holding cost, and backorder cost. The objective is to find a continuous-review ordering policy that minimizes the expected average costs under constraints of minimum fill rates of RDCs and maximum allowable mean delay of CDC. We developed an algorithm for determining the optimal ordering policies of the CDC and the RDCs. We verified and compared the performance of the algorithm through the simulation using the algorithm result as the input parameters.

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The Determinants of Hospital Profitability (병원의 수익성 결정요인 분석)

  • 김원중;이해종
    • Health Policy and Management
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    • v.4 no.1
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    • pp.123-137
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    • 1994
  • The objectives of this research is to find the factors which determined hospital profitability. The unit of analysis is hospital, and the data is collected from two sources. One source is derived from Ministry of Health and Social Affairs(4 years' data from 134 hospitals), and another source is derived from Sam-II Accounting Co.(1 year's data from 37 hospitals). Hospital profitability, which is dependent variable in our research, is measured with financial ration, such as ROI(reture on investment). The major findings are as follows; 1) The hospital profitability is determined with not hospital type itself but management-incentives associated with hospital type. 2) The maximum profitability is obtained in 775 bed-size. 3) The hospital location isn't a factor to determine profitability 4) The internal control and management, such as account receivables, inventory, fixed assert investment, is major factor to hospital profitability.

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Assessing the Effects of Supply Uncertainty on Inventory-Related Costs (공급업자의 공급불확실성이 재고관리 비용에 미치는 효과에 관한 연구)

  • 박상욱
    • Journal of the Korean Operations Research and Management Science Society
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    • v.26 no.3
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    • pp.105-117
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    • 2001
  • This paper models supply uncertainty in the dynamic Newsboy problem context. The system consists of one supplier and one retailer who places an order to the supplier every period to meet stochastic demand. Supply uncertainty is modeled as the uncertainty in quantities delivered by the supplier. That is, the supplier delivers exactly the amount ordered by the retailer with probability of $\beta$ and the amount minus K with probability of (1-$\beta$). We formulate the problem as a dynamic programming problem and prove that retailer’s optimal replenishment policy is a stationary base-stock policy. Through a numerical study, we found that the cost increase due to supply uncertainty is significant and that the costs increase more rapidly as supply uncertainty increases. We also identified the effects of various system parameters. One of the interesting results is that as retailer’s demand uncertainty, the other uncertainty in our model, increases, the cost increase due to supply uncertainty becomes less significant.

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ANALYSIS OF K-CLASS-BASED DEDICATED STORAGE POLICY IN A UNIT LOAD SYSTEM

  • Yang, Moon-Hee;Rhee, Min-Surp
    • Journal of applied mathematics & informatics
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    • v.23 no.1_2
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    • pp.505-516
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    • 2007
  • In this paper, we provide some fundamental properties and basic theoretical results of K-class-based dedicated storage policy in a unit load system assuming the constant-space assumption that the number of storage locations for a class is not the maximum aggregate inventory position for a class but the sum of space requirement for products assigned to the class. The main theorem is that there exists a (K+1) -class-based storage layout whose expexted single command (SC) travel time is not greater than that of a K-class-based storage layout, i.e, $E(SC^*_{K+1}){\leq}E(SC^*_K)\;for\;K=1,{\cdots}$, (n-1).

An Approach to Determining Storage Capacity of an Automated Storage/Retrieval System under Full Turnover-Based Policy (물품회전율을 기준으로 한 저장정책하에서 자동창고의 저장규모 결정방법)

  • Lee, Moon-Kyu
    • Journal of Korean Institute of Industrial Engineers
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    • v.24 no.4
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    • pp.579-589
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    • 1998
  • Full turnover-based storage policy (FULL) is often used to minimize the travel time needed to perform storage/retrieval operations in automated storage/retrieval systems (AS/RSs). This paper presents an approach for determining the required storage capacity for a unit load AS/RS under the FULL. An analytic model is formulated such that the total cost related to storage space and space shortage is minimized while satisfying a desired service level. To solve the model, some analytic properties are derived and based on them, an iterative search algorithm which always generates optimal solutions is developed. To illustrate the validity of the approach, an application is provided when the standard economic-order-quantity inventory model is used.

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