• Title/Summary/Keyword: Order Quantity

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A Study for Design Economic Order Quantity Model with Customer Waiting Cost and Lead Time-Depend Discount System (고객 지연 비용과 Lead Time-Depend Discount System을 고려한 EOQ 모델 설계에 관한 연구)

  • Choi, Sung-Hee;Park, Jea-Hyun;Kim, Heung-Jea;Kang, Kyung-Sik
    • Proceedings of the Safety Management and Science Conference
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    • 2005.11a
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    • pp.511-515
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    • 2005
  • 기업은 고객이 원하는 시기에 원하는 제품을 구매할 수 있도록 항상 준비가 되어 있어야 한다. 고객의 수요를 만족시키기 위하여 기업은 다양한 수요예측방법을 통하여 적절한 재고 수준과 수요예측을 하고 있다. 제조 기업의 경우에는 다른 산업에 비하여 정확한 수요예측과 낮은 재고 수준의 유지가 비용과 직접적인 연관이 있기 때문에 제조 기업은 경제적인 주문량 결정(Economic Order Quantity: EOQ)이 매우 중요한 문제이다. 주문량을 결정하는 방법에는 여러 가지가 있지만, 본 논문에서는 고객 지연을 방지하기 위하여 경제적 주문량 결정에 고객 지연과 관련된 비용을 포함시키는 것은 물론 고객 지연이라는 상황을 방지하는 노력의 한 방법으로 가격 할인(discount system)을 이용하고자 한다. 가격 할인을 이용하여 고객으로 하여금 빠른 주문을 유도하고 그로 인하여 고객 지연 상황의 발생을 줄여보려고 한다.

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Robust EOQ Models with Decreasing Cost Functions (감소하는 비용함수를 가진 Robust EOQ 모형)

  • Lim, Sung-Mook
    • Journal of the Korean Operations Research and Management Science Society
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    • v.32 no.2
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    • pp.99-107
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    • 2007
  • We consider (worst-case) robust optimization versions of the Economic Order Quantity (EOQ) model with decreasing cost functions. Two variants of the EOQ model are discussed, in which the purchasing costs are decreasing power functions in either the order quantity or demand rate. We develop the corresponding worst-case robust optimization models of the two variants, where the parameters in the purchasing cost function of each model are uncertain but known to lie in an ellipsoid. For the robust EOQ model with the purchasing cost being a decreasing function of the demand rate, we derive the analytical optimal solution. For the robust EOQ model with the purchasing cost being a decreasing function of the order quantity, we prove that it is a convex optimization problem, and thus lends itself to efficient numerical algorithms.

A Robust Joint Optimal Pricing and Lot-Sizing Model

  • Lim, Sungmook
    • Management Science and Financial Engineering
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    • v.18 no.2
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    • pp.23-27
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    • 2012
  • The problem of jointly determining a robust optimal bundle of price and order quantity for a retailer in a single-retailer, single supplier, single-product supply chain is considered. Demand is modeled as a decreasing power function of product price, and unit purchasing cost is modeled as a decreasing power function of order quantity and demand. Parameters defining the two power functions are uncertain but their possible values are characterized by ellipsoids. We extend a previous study in two ways; the purchasing cost function is generalized to take into account the economies of scale realized by higher product demand in addition to larger order quantity, and an exact transformation into an equivalent convex optimization program is developed instead of a geometric programming approximation scheme proposed in the previous study.

Research on Risk-Averse Newsboy under Supply Uncertainty (위험회피성향을 고려한 공급 불확실성하(下) 신문팔이소년 문제에 대한 고찰)

  • Kim, Hyoungtae
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.36 no.3
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    • pp.43-50
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    • 2013
  • In this paper, the single-period inventory problem, what is called newsboy problem, has been revisited with two different conditions, uncertain supply and risk-averseness. Eeckhoudt et al. [5] investigated the effect of risk-averseness of a newsboy on the optimal order quantity in a stochastic demand setting. In contrary to Eeckhoudt et al. [5] this paper investigates the effect of risk-averseness in a stochastic supply setting. The findings from this investigation say that if ${\alpha}^*$ represents the optimal order quantity without risk-averseness then the risk-averse optimal order quantity can be greater than ${\alpha}^*$ and can be less than ${\alpha}^*$ as well.

The Effect of the Credit Period on Inventory Policy under Trade Credit with Ordering Cost inclusive of a Freight Cost

  • Shinn, Seong-Whan
    • International Journal of Advanced Culture Technology
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    • v.9 no.3
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    • pp.271-276
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    • 2021
  • In this paper we analyze the effect of the credit period on inventory policy under trade credit with ordering cost including a fixed cost and freight cost, where the freight cost has a quantity discount. For marketing purposes, some supplier offers credit period to his buyer to stimulate the demand for the product he produces. The delay in payments during the credit period has the effect of reducing the buyer's capital opportunity cost. It is also assumed that the buyer pays the freight cost for the order and hence, the ordering cost consists of a fixed ordering cost and a variable freight cost which depends on the order quantity. As a result, the possibilities of trade credit and discounts on freight costs are expected to play an important role in the buyer's inventory policy. Based on the economic order quantity inventory model, we analyze how the buyer can determine the optimal inventory policy and we examine the effect of the length of credit period on the buyer's inventory policy.

A method to determine optimal input service level in a distribution center-N branches inventory distribution system (물류센터-N 지점 재고시스템의 최적 계획 서비스수준 결정 방법)

  • 윤승철
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.20 no.42
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    • pp.31-38
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    • 1997
  • The main objective of this research is to develop a model to select the optimal input service level for a distribution center - multi branch inventory distribution system. With the continuous review policy, the distribution center places an order for specific order quantity to an outside supplier, and the order quantity is replenished after a certain lead time. Also, each branch places an order for particular order quantity to the distribution center to satisfy the customer demands, and receives the replenishment after a lead time. When an out of stock condition occurs during an order cycle, a backorder is placed to the upper level to fill the unfilled demands. With these situation, variable demand and variable lead time are used for better industrial practice. Further, actual lead times with a generic lead time distribution are used in developing the control model. Under the actual lead time model, the customer service measures actually attained for the distribution center and each branch are explained as the effective customer service measures. Thus, throughout the optimal control (using computer search procedures), we can select the optimal input service levels for the distribution center and each branch to attain the effective service level for each branch which is consistent with the goal level of service for each branch. At the same time, the entire distribution system keeps minimum inventories.

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컴퓨터 탐색을 이용한 재고관리 시스템의 최적화

  • 윤승철
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1996.04a
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    • pp.477-480
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    • 1996
  • The main objective of this research is to develop the optimal control method for a Distribution Center - multi Branch inventory distribution system. With the continuous review policy, the distribution center places an order for specific order quantity to an outside supplier, and the order quantity is replenished after a certain lead time. Also, each branch places an order for particular order quantity to the distribution center to satisfy the customer demands, and receives the replenishment after a lead time. When an out of stock condition occurs during an order cycle, a backorder is placed to the upper level to fill the unfilled demands. With these situation, variable demand and variable lead time are used for better industrial practice. Futher, actual lead times with a generic lead time distribution are used in developing the control model. Under the actual lead time model, the customer service measures actually attained for the distribution center and each branch are explained as the effective customer service measures. Thus, throughout the optimal control (using computer search procedures), we can set the desired service levels for the distribution center and each branch to produce the effective service level for each branch which is consistent with the goal level of service for each branch. At the same time, the entire distribution system keeps minimum inventories.

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A study on the Method to Determine Optimal Service Level of a Distribution Center in Supply Chain Management Environment (SCM환경에서의 물류센터의 최적 서비스 수준 결정 방법)

  • 조용욱;박명규
    • Journal of the Korea Safety Management & Science
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    • v.3 no.3
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    • pp.55-64
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    • 2001
  • The main objective of this research is to develop a model to select the optimal input service level for a distribution center-multi branch inventory distribution system. With the continuous review policy, the distribution center places an order for specific order quantity to an outside supplier, and the order quantity is replenished after a certain lead time Also, each branch places an order for particular order quantity to the distribution center to satisfy the customer demands, and receives the replenishment after a lead time. When an out of stock condition occurs during an order cycle, a backorder is placed to the upper level to fill the unfilled demands. With these situation, variable demand and variable lead time are used for better industrial practice. Further, actual lead times with a generic lead time distribution are used in developing the control model. Under the actual lead time model, the customer service measures actually attained for the distribution center and each branch are explained as the effective customer service measures. Thus, throughout the optimal control (using computer search procedures), we can select the optimal input service levels for the distribution center and each branch to attain the effective service levels for each branch which is consistent with the goal level of service for each branch. At the same time, the entire distribution system keeps minimum inventories.

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AN AUTOMATED FORMWORK MODELING SYSTEM DEVELOPMENT FOR QUANTITY TAKE-OFF BASED ON BIM

  • Seong-Ah Kim;Sangyoon Chin;Su-Won Yoon;Tae-Hong Shin;Yea-Sang Kim;Cheolho Choi
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1113-1116
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    • 2009
  • The attempt to use a 3D model each field such as design, structure, construction, facilities, and estimation in the construction project has recently increased more and more while BIM (Building Information Modeling) that manages the process of generating and managing building data has risen during life cycle of a construction project. While the 2D Drawing based work of each field is achieved in the already existing construction project, the BIM based construction project aims at accomplishing 3D model based work of each field efficiently. Accordingly, the solution that fits 3D model based work of each field and supports plans in order to efficiently accomplish the relevant work is demanded. The estimation, one of the fields of the construction project, has applied BIM to calculate quantity and cost of the building materials used to construction works after taking off building quantity information from the 3D model by a item for a Quantity Take-off grouping the materials relevant to a 3D object. A 3D based estimation program has been commonly used in abroad advanced countries using BIM. The program can only calculate quantity related to one 3D object. In other words, it doesn't support the take-off process considering quantity of a contiguous object. In case of temporary materials used in the frame construction, there are instances where quantity is different by the contiguous object. For example, the formwork of the temporary materials quantity is changed by dimensions of the contiguous object because formwork of temporary materials goes through the quantity take-off process that deduces quantity of the connected object when different objects are connected. A worker can compulsorily adjust quantity so as to recognize the different object connected to the contiguous object and deduces quantity, but it mainly causes the confusion of work because it must complexly consider quantity of other materials related to the object besides. Therefore, this study is to propose the solution that automates the formwork 3D modeling to efficiently accomplish the quantity take-off of formwork by preventing the confusion of the work which is caused by the quantity deduction process between the contiguous object and the connected object.

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A System Development of Quantity Data Type Analysis for BIM based Automation of Estimation Framework (BIM기반 견적자동화 체계구축을 위한 물량 데이터 유형 분석 체계 개발)

  • Lee, Jae-Joon;Shin, Tae-Hong;Kim, Seong-Ah;Kang, Myung-ku;Chin, Sang-Yoon
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.744-747
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    • 2008
  • Quantity information focused on a design drawing plays a critical role in a decision making related to cost for project participants during project life cycles. Related participants absolutely depend on quantity take-off working which produces the quantity information by hand, and then a worker's mistake often causes many errors. The difference of quantity by the know-how of the person in charge of the estimation also occurs. In addition, the worker passes through the whole quantity take-off processes again in case of re-working for quantity take-off produced by a change order. The requirements about the automated estimation increase because of the needs for the accurate quantity take-off and dealing with the change order and recently, the studies about the automated estimation working process based on 34 cad model from 3d cad modeler are attempted in various viewpoints. However, the existing studies reach the limits such as common quantity data type framework for getting Quantity information. Focused on a certain 34 cad modeler and BIM based automation of estimation using it Therefore, the objective of this study is to develop the a series of system which can extract, analyze, and verify Quantity Data Type in modeler to automate quantity take-off originated from various 3d cad modelers as a foundation study for BIM based automation of estimation framework.

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