• Journal of Korean Society of Industrial and Systems Engineering
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• v.44 no.4
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• pp.220-226
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• 2021

In supply chain, there are a variety of different uncertainties including demand, service time, lead time, and so forth. The uncertainty of demand has been commonly studied by researchers or practitioners in the field of supply chain. However, the uncertainty of upstream supply chain has also increased. A problem of uncertainty in the upstream supply chain is the fluctuation of the lead time. The stochastic lead time sometimes causes to happen so called the order crossover which is not the same sequences of the order placed and the order arrived. When the order crossover happens, ordinary inventory policies have difficult to find the optimal inventory solutions. In this research, we investigate the lead time distribution in case of the order crossover and explore the resolutions of the inventory solution with the order crossover.

• Proceedings of the Korea Water Resources Association Conference
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• 2018.05a
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• pp.155-155
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• 2018

Uncertainty in flood forecasting using a coupled meteorological and hydrological model is arisen from various sources, especially the uncertainty comes from the inaccuracy of Quantitative Precipitation Forecasts (QPFs). In order to improve the capability of flood forecast, the uncertainty estimation and mitigation are required to perform. This study is conducted to investigate and reduce such uncertainty. First, ensemble QPFs are generated by using Monte - Carlo simulation, then each ensemble member is forced as input for a hydrological model to obtain ensemble streamflow prediction. Likelihood measures are evaluated to identify feasible member. These members are retained to define upper and lower limits of the uncertainty interval and assess the uncertainty. To mitigate the uncertainty for very short lead time, a blending method, which merges the ensemble QPFs with radar-based rainfall prediction considering both qualitative and quantitative skills, is proposed. Finally, blending bias ratios, which are estimated from previous time step, are used to update the members over total lead time. The proposed method is verified for the two flood events in 2013 and 2016 in the Yeonguol and Soyang watersheds that are located in the Han River basin, South Korea. The uncertainty in flood forecasting using a coupled Local Data Assimilation and Prediction System (LDAPS) and Sejong University Rainfall - Runoff (SURR) model is investigated and then mitigated by blending the generated ensemble LDAPS members with radar-based rainfall prediction that uses McGill algorithm for precipitation nowcasting by Lagrangian extrapolation (MAPLE). The results show that the uncertainty of flood forecasting using the coupled model increases when the lead time is longer. The mitigation method indicates its effectiveness for mitigating the uncertainty with the increases of the percentage of feasible member (POFM) and the ratio of the number of observations that fall into the uncertainty interval (p-factor).

• Proceedings of the Korean Operations and Management Science Society Conference
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• 1999.04a
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• pp.426-426
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• 1999

;There are many sources of uncertainty in a typical production and inventory system. There is uncertainty as to how many items customers will demand during the next day, week, month, or year. There is uncertainty about delivery times of the product. Uncertainty exacts a toll from management in a variety of ways. A spurt in a demand or a delay in production may lead to stockouts, with the potential for lost revenue and customer dissatisfaction. Firms typically hold inventory to provide protection against uncertainty. A cushion of inventory on hand allows management to face unexpected demands or delays in delivery with a reduced chance of incurring a stockout. The proposed strategies are used for the design of a probabilistic inventory system. In the traditional approach to the design of an inventory system, the goal is to find the best setting of various inventory control policy parameters such as the re-order level, review period, order quantity, etc. which would minimize the total inventory cost. The goals of the analysis need to be defined, so that robustness becomes an important design criterion. Moreover, one has to conceptualize and identify appropriate noise variables. There are two main goals for the inventory policy design. One is to minimize the average inventory cost and the stockouts. The other is to the variability for the average inventory cost and the stockouts The total average inventory cost is the sum of three components: the ordering cost, the holding cost, and the shortage costs. The shortage costs include the cost of the lost sales, cost of loss of goodwill, cost of customer dissatisfaction, etc. The noise factors for this design problem are identified to be: the mean demand rate and the mean lead time. Both the demand and the lead time are assumed to be normal random variables. Thus robustness for this inventory system is interpreted as insensitivity of the average inventory cost and the stockout to uncontrollable fluctuations in the mean demand rate and mean lead time. To make this inventory system for robustness, the concept of utility theory will be used. Utility theory is an analytical method for making a decision concerning an action to take, given a set of multiple criteria upon which the decision is to be based. Utility theory is appropriate for design having different scale such as demand rate and lead time since utility theory represents different scale across decision making attributes with zero to one ranks, higher preference modeled with a higher rank. Using utility theory, three design strategies, such as distance strategy, response strategy, and priority-based strategy. for the robust inventory system will be developed.loped.

• Journal of Korean Institute of Industrial Engineers
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• v.10 no.1
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• pp.27-36
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• 1984

This paper examines the influence of the uncertainty in demand and lead time on the relative performances of ten well-known single stage lot-sizing rules in a rolling schedule environment. Two other factors, coefficient of variation and time between orders, which may affect the performances of the rules are also considered. To compare the rules under an identical condition, 100% service level is set by introducing safety stocks. The effects of various factor levels are checked statistically by the pairwise t-test and the results show that the uncertainty of the environment has a strong influence on the performance of the rules.

• Journal of the Korean Operations Research and Management Science Society
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• v.11 no.1
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• pp.44-50
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• 1986

In this paper, we find optimal policy for the (Q, r) inventory model under the lead time uncertainty. The (Q, r) inventory model is such that the fixed order quantity Q is placed whenever the level of on hand stock reaches the reorder point r. We first develop the single level inventory model as the basis for the analysis multi-level distribution systems. The functional problem is to determine when and how much to order in order to minimize the expected total cost per unit time, which includes the set up, inventory holding and inventory shortage cost. The model, then, is extended to the multi-level distribution system consisting of the factory, warehouses and retailers. In this case, we also find an optimal policy which minimizes the total cost of the contralized multi-level distribution system.

• Journal of the Semiconductor & Display Technology
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• v.22 no.2
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• pp.104-111
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• 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.

• International Journal of Naval Architecture and Ocean Engineering
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• v.12 no.1
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• pp.428-439
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• 2020

The continuous development of information and communication technologies has resulted in an exponential increase in data. Consequently, technologies related to data analysis are growing in importance. The shipbuilding industry has high production uncertainty and variability, which has created an urgent need for data analysis techniques, such as machine learning. In particular, the industry cannot effectively respond to changes in the production-related standard time information systems, such as the basic cycle time and lead time. Improvement measures are necessary to enable the industry to respond swiftly to changes in the production environment. In this study, the lead times for fabrication, assembly of ship block, spool fabrication and painting were predicted using machine learning technology to propose a new management method for the process lead time using a master data system for the time element in the production data. Data preprocessing was performed in various ways using R and Python, which are open source programming languages, and process variables were selected considering their relationships with the lead time through correlation analysis and analysis of variables. Various machine learning, deep learning, and ensemble learning algorithms were applied to create the lead time prediction models. In addition, the applicability of the proposed machine learning methodology to standard work hour prediction was verified by evaluating the prediction models using the evaluation criteria, such as the Mean Absolute Percentage Error (MAPE) and Root Mean Squared Logarithmic Error (RMSLE).

• Journal of Korean Institute of Industrial Engineers
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• v.17 no.1
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• pp.51-58
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• 1991

This paper presents a single-echelon, single item, stochastic lead time and static demand inventory model for situations in which, during the stockout period, a fraction ${\beta}$ of the demand is backordered and the remaining fraction $(1-{\beta})$ is lost. In this situations, an objective function representing the average annual cost of inventory system is obtained by defining a time-proportional backorder cost and a fixed penalty cost per unit lost. The optimal operating policy variables minimizing the average annual cost are calculated iteratively. At the extremet ${\beta}=1$, the model presented reduces to the usual backorder case. A numerical example is solved to illustrate the algorithm developed.

• Nuclear Engineering and Technology
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• v.56 no.4
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• pp.1472-1479
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• 2024

Cyber-Physical Energy Systems (CPESs) integrate cyber and hardware components to ensure a reliable and safe physical power production and supply. Renewable Energy Sources (RESs) add uncertainty to energy demand that can be dealt with flexible operation (e.g., load-following) of CPES; at the same time, scenarios that could result in severe consequences due to both component stochastic failures and aging of the cyber system of CPES (commonly overlooked) must be accounted for Operation & Maintenance (O&M) planning. In this paper, we make use of Deep Reinforcement Learning (DRL) to search for the optimal O&M strategy that, not only considers the actual system hardware components health conditions and their Remaining Useful Life (RUL), but also the possible accident scenarios caused by the failures and the aging of the hardware and the cyber components, respectively. The novelty of the work lies in embedding the cyber aging model into the CPES model of production planning and failure process; this model is used to help the RL agent, trained with Proximal Policy Optimization (PPO) and Imitation Learning (IL), finding the proper rejuvenation timing for the cyber system accounting for the uncertainty of the cyber system aging process. An application is provided, with regards to the Advanced Lead-cooled Fast Reactor European Demonstrator (ALFRED).

• Journal of Korea Water Resources Association
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• v.51 no.12
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• pp.1207-1216
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• 2018

Discharge or water level predictions at tidally affected river reaches are currently still a great challenge in hydrological practices. This research aims to predict water level of the tide dominated site, Jamsu bridge in the Han River downstream. Physics-based hydrodynamic approaches are sometimes not applicable for water level prediction in such a tidal river due to uncertainty sources like rainfall forecasting data. In this study, TensorFlow deep learning framework was used to build a deep neural network based LSTM model and its applications. The LSTM model was trained based on 3 data sets having 10-min temporal resolution: Paldang dam release, Jamsu bridge water level, predicted tidal level for 6 years (2011~2016) and then predict the water level time series given the six lead times: 1, 3, 6, 9, 12, 24 hours. The optimal hyper-parameters of LSTM model were set up as follows: 6 hidden layers number, 0.01 learning rate, 3000 iterations. In addition, we changed the key parameter of LSTM model, sequence length, ranging from 1 to 6 hours to test its affect to prediction results. The LSTM model with the 1 hr sequence length led to the best performing prediction results for the all cases. In particular, it resulted in very accurate prediction: RMSE (0.065 cm) and NSE (0.99) for the 1 hr lead time prediction case. However, as the lead time became longer, the RMSE increased from 0.08 m (1 hr lead time) to 0.28 m (24 hrs lead time) and the NSE decreased from 0.99 (1 hr lead time) to 0.74 (24 hrs lead time), respectively.