• Journal of Industrial Technology
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• v.20 no.A
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• pp.219-228
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• 2000

The determination of lot sizes in prevailing inventory problems has been made with constant safety stock over the planning horizon. But, it is more profitable to accommodate the safety stock to dynamically fluctuating demands. The objective of this paper is to study the method to determine the dynamic safety stock and lot sizing rules depending on the actual customer demands. The last period or highly fluctuating period during the consumption of a lot is the most critical one to stock-out. It means that such periods must be given more attentions. Some dynamic methods to control safety stock are proposed with viewpoints of the time, quantity, and time-quantity. Simulation results show that lot sizing methods with dynamic safety stock reduce about 10% of average total cost compared to those with constant safety stock.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.10 no.16
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• pp.143-147
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• 1987

Safety stocks constitute one of the major means of dealing with the uncertainties associated with variation in demand and lead time. Adeguate safety facilitate production activities and help to assure customers if good service on the other hand, carrying safety storks ties up working capital on goods that sit idle. The major problem of safety stocks management thus of consists of trying to achieve an optimal balance between the other carrying cost and the costs of stock shortage. Therefore, this study aims to find safety stock level of the fixed reorder quantity system and the fixed reorder cycle system of minimizing total cost when both demand and lead time are variable. (The distribution of demand and lead time is a mere assumption that follows the normal distribution) The results can be summarized as follows. i) Safety factor on the safety stock is determined by carrying cost and the costs of stock shortage: An optimal safety stick=the costs of stork shortage($C_s$) (the carrying cost($C_h$)+the costs of stock storage($C_s$). ii) The safety stock level of the fixed reorder quantity system is ($a{\;}_p\sqrt{L}{\sigma}$) under uncertainties. iii) The safety stock level of the fixed reorder cycle system is ($a{\;}_p\sqrt{R+L{\sigma}}$) under uncertain demand and constant lead time. ($a{\;}_p\sqrt{L{\sigma}_d{\;^2+{\mu}^2L{\sigma}^2}$) under demand and lead time uncertainties.

• Proceedings of the KSR Conference
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• 2007.11a
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• pp.167-171
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• 2007

For ensuing rolling stock safety, it is necessary that safety management should be made systematically through its whole life cycle. That is to say, safety management activities for every steps of rolling stock life cycle should be defined, and the roles of managers such as executor, assessor, and certificator should be shared clearly. This paper defines the safety management activities based on IEC 62278, analyzing foreign and domestic safety regulation systems, and suggests the reformed safety management system for rolling stock in Korea

• Journal of the Korean Society for Railway
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• v.13 no.3
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• pp.251-256
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• 2010

By legislating safety regulations for design, manufacturing and operation of rolling stock through rolling stock safety law, diverse of safety requirements have been established. On the other hands, differences of technical level in practical circumstances between domestic and overseas are pointed out that not be able to be overcome in short period. About collision safety requirements for rolling stock, European countries have been applying TSI requirement to all of rolling stock and domestic collision safety requirements in rolling stock safety law are based on TSI. In following thesis, it is showing an analysis simulation for current rubber cushion and hydraulic buffer system to verify if they are fit to collision safety requirements and result of the simulation program for prior verification. This also suggests a method to prove the performances of coupler system for future.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.32 no.4
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• pp.45-52
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• 2009

The objective of this was to improve a transportation cost relation between Central Distribution Centers(CDCs) and Regional Distribution Centers(RDCs), to control inventory cost concerning safety stock for each service level, by reviewing distribution steps connecting CDCs and RDCs under the price discount. It was also to examine and compare operating costs for the following two alternative suggestions for setting the service standard as a counter measure for a stock-out of the distribution network system management. First, provision by dispersing the safety stock to the CDCs and RDCs; and second, exclusive provision of the safety stock only to the RDCs. The cost comparison analysis was made for each category of purchase costs, regular transportation costs, express transportation costs, and inventory holding costs.

• Journal of the Korean Operations Research and Management Science Society
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• v.15 no.1
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• pp.63-72
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• 1990

This problem in this paper concerns the determination of safety stock for multi-echelon invenetory system. In this model the criterion is to minimize system safety stock subject to a service level constraint and expected annual total cost. Then, safety stock is determined by minimizing expected annual total cost and satisfying given service level. This expected annual total cost is obtained by expected total inventory holding cost plus the expected total stockout cost. Numerical example is given in a three-echelon inventory system. The results obtained by the use of the Hill Algorithm.

• Proceedings of the Safety Management and Science Conference
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• 2005.11a
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• pp.194-198
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• 2005

Inventory information system is providing the benefits of smoother demand, lower inventories(work in process, safety stock) and reduced costs. This study focused on improvement of safety level inventory efficiency by inventory information system. The results indicated that inventory information system allowed the company to serve its customers more surely and efficiently.

• Journal of Korean Institute of Industrial Engineers
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• v.41 no.5
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• pp.511-520
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• 2015

Inventory, cost, and the level of service are three interrelated key metrics that most supply chain organizations are striving to optimize. One way to achieve this goal is to create a simulation model to conduct sensitivity analysis and optimization on several different supply chain policies that can be implemented in actual operation. In this paper, a case of Xerox global supply chain modeling and analysis to assess several "what if" scenarios for the consumable policy safety stock is presented. The simulation model, combined with analytical cost model and optimization module, is used to optimize the policy safety stock level to achieve the lowest total value chain cost. It was shown quantitatively that the policy safety stock can be reduced, but it is offset by the inbound premium transportation cost to expedite supplies in shortage, and the outbound premium transportation cost to send supplies to customers via express shipment, requiring fine balance.

• 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.

• Proceedings of the KSR Conference
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• 2008.11b
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• pp.1570-1594
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• 2008

Nowadays there are lots of changes in the domestic railroad industries because of the reorganization in the industries, operation of KTX and expansion of city train in local areas. To cope with these changes effectively, domestic & abroad safety guideline and regulation were investigated and reviewed by railroad safety technical development project. Based on this project, domestic rolling stock safety regulation was established in the July and December on 2005. It's been a 3 years after 2005 and to confirm whether there are some problems to applicate the regulation in the field like korail, the necessity of reviewing the regulation gains force. In this study, to improve the field application in rolling stock safety regulation, we investigated the results of integrated railroad audit system and internal safety regulation system in a train operator and also collected the opinions from train manufacturer. Then through the result of investigation and collection of the opinions, we proposed the amendment to the rolling stock safety regulation.