• Title/Summary/Keyword: inventory management system

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Decision-making Model of Supply Chain Inventory Management System (공급망 재고관리시스템의 의사결정모형)

  • Chen, Jinhui;Nam, Soo-tae;Jin, Chan-yong
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2021.05a
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    • pp.157-158
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    • 2021
  • Big data in the supply chain mainly comes from four aspects. One is the relevant data inevitably generated in the process of product value transfer of enterprises in the supply chain, such as production equipment quality data, planned procurement data, product data, etc; On the other hand, it is derived from the ERP data of various companies in the supply chain; The third is e-commerce data from the customer, and the last is data from external or manually entered data. A third-party data service center analysis and mining the data to predict and control the inventory in the process of supply chain operation. It brings innovation and change of management technology and way of thinking to the whole supply chain in many aspects, and finally achieves the goal of coordinated inventory and zero inventory of the whole supply chain.

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Optimizing Concurrent Spare Parts Inventory Levels for Warships Under Dynamic Conditions

  • Moon, Seongmin;Lee, Jinho
    • Industrial Engineering and Management Systems
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    • v.16 no.1
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    • pp.52-63
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    • 2017
  • The inventory level of concurrent spare parts (CSP) has a significant impact on the availability of a weapon system. A failure rate function might be of particular importance in deciding the CSP inventory level. We developed a CSP optimization model which provides a compromise between purchase costs and shortage costs on the basis of the Weibull and the exponential failure rate functions, assuming that a failure occurs according to the (non-) homogeneous Poisson process. Computational experiments using the data obtained from the Korean Navy identified that, throughout the initial provisioning period, the optimization model using the exponential failure rate tended to overestimate the optimal CSP level, leading to higher purchase costs than the one using the Weibull failure rate. A Pareto optimality was conducted to find an optimal combination of these two failure rate functions as input parameters to the model, and this provides a practical solution for logistics managers.

A Distance-Based Simulated Annealing Algorithm for the determination of the Number and the Location of Centralized Warehouses (중앙창고의 수와 위치 결정을 위한 거리 기반 Simulated Annealing 앨고리듬)

  • Lee, Dong-Ju;Kim, Jin-Ho
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.30 no.3
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    • pp.44-53
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    • 2007
  • Forming central warehouses for a number of stores can save costs in the continuous review inventory model due to economy of scale and information sharing. In this paper, transportation costs are included in this inventory model. Hence, the tradeoff between inventory-related costs and transportation costs is required. The main concern of this paper is to determine the number and location of central warehouses. Transportation costs are dependent on the distance from several central warehouses to each store. Hence, we develop an efficient simulated annealing algorithm using distance-based local search heuristic and merging heuristic to determine the location and the number of central warehouses. The objective of this paper is to minimize total costs such as holding, setup, penalty, and transportation costs. The performance of the proposed approach is tested by using some computational experiments.

Simulation for the Decision-making Models of Supply Chain Inventory Management System (공급망 재고관리시스템의 의사결정모형을 위한 시뮬레이션)

  • Chen, Jinhui;Nam, Soo-tae;Jin, Chan-yong
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2021.05a
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    • pp.159-160
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    • 2021
  • From the simulation results, under the collaborative platform of big data based on coordination of the beer industry to mobilize the supply chain operation condition, supply chain direct logistics inventory are in a relatively stable value, and there is no zero inventory or even a serious lack of beer in the stock situations like traditional beer supply chain operation, which avoid the situation of demand information expansion caused by chain inventory levels report because of the serious lack of supply.

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Development of coastal wetland inventory using Geographic Information System & Remote Sensing (지리정보체계와 원격탐사에 의한 연안습지목록 개발에 관하여)

  • Yi, Gi-Chul;Im, Byung-Sun;Woo, Chang-Ho;Yang, Hyo-Sik
    • Journal of Korean Society for Geospatial Information Science
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    • v.4 no.2 s.8
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    • pp.149-159
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    • 1996
  • It's required such information as location, size, distribution and abundance of wetlands as well as categorization of adjacent land-uses to manage effectively and to make wise planning decisions about resources of coastal area. Wetland inventory derived from the technology of Geographic Information System and remote sensing is inexpensive compared to the data based on conventional field data collection and cartographic methods. Furthermore, wetland inventory may prove to be useful references in the wetland management.

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Development of Energy-FMEA for Energy Review of ISO 50001 Energy Management System

  • Song, Kyung-Il;Jang, Joong-Soon
    • Journal of Applied Reliability
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    • v.14 no.2
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    • pp.137-146
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    • 2014
  • This paper is to develop Energy-FMEA for Energy Review of ISO 50001 Energy Management System. Energy Review is the core requirement of ISO 50001. This study develop Energy-FMEA and suggest Energy Review Inventory and Assessment Criteria for performing Energy-FMEA. Also, it shows case study to verify whether to proper.

Design of Transportation System Using Dynamic Programming in Logistic Management (물류관리에 있어 동적계획법을 이용한 수송시스템 설계)

  • 하정진;이병호
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.18 no.34
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    • pp.129-137
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    • 1995
  • Recently the recognition of Logistics becomes important to enterprises as a means for improving their competition, but the Korea enterpries falls for far behind in management techniques for analyzing realities and problems in the logistic compare to the advanced countries. In describing a distribution network, we have stated that it is basically a system or a set of locations that ship, receive or store material plus the routes that connect these locations. Using a Dynamic Programming on logistics, we can decrease the inventory level and increase the service level on logistics and the management performance.

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An Integer Programming Model and Heuristic Algorithm to Solve Batch Production Scheduling Problem Considering Idle State (대기 상태를 고려한 배치 단위 생산 공정에서 생산계획 수립을 위한 정수계획법 모형 및 휴리스틱 알고리즘 개발)

  • Han, Jung-Hee;Lee, Young-Ho;Kim, Seong-In;Park, Eun-Kyung
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2006.11a
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    • pp.506-512
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    • 2006
  • In this paper, we propose a lot-sizing and scheduling problem that seeks to minimize the sum of production cost and inventory cost over a given planning horizon while considering idle state of a machine in a batch production system. For this problem, we develop an integer programming model. And, we develop an efficient 2-phase heuristic algorithm to find a high quality feasible solution within reasonable time bounds. In the first phase, we seek to minimize the production cost by assigning batches to machines. Then, in the second phase, we find a production sequence of batches that reduces the inventory cost, while considering adding or deleting idle states between batches. Computational results show that the developed heuristic algorithm finds excellent feasible solutions within reasonable time bounds. Also, we could significantly reduce the total cost consisting of production cost and inventory cost by using the developed heuristic algorithm at a real manufacturing system that produces zinc alloys.

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Optimal Spare Provisioning for Group Replacement Policy (경제적인 그룹교체보전을 위한 최적 예비품 재고수준의 결정)

  • Yoo, Young Kwan;Park, Roh Gook
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.9 no.2
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    • pp.81-86
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    • 2014
  • In this paper, a jointly optimal group replacement and spare provisioning policy is presented. Most maintenance policies assume that the spare inventory is always available, but in practice the maintenance schedule is affected by the availability of spare inventory. We present a maintenance-inventory model which jointly optimizes the group replacement interval and spare ordering quantity. Group replacement policy is used when a group of units are put in operation simultaneously. The operating fleet is replaced altogether at a predetermined number of units are failed. A sufficient level of spare inventory is carried to perform a number of group replacement. A cost rate expression which considers the group maintenance cost and inventory holding cost is derived and a heuristic method for searching the optimum value of decision variables is suggested. Numerical examples demonstrate the analytical results and the performance of the presented model.

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Economic Value Analysis of Asian Dust Forecasts Using Decision Tree-Focused on Medicine Inventory Management (의사결정트리를 활용한 황사예보의 경제적 가치 분석-의약품 재고관리문제를 중심으로)

  • Yoon, Seung-Chul;Lee, Ki-Kwang
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.37 no.1
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    • pp.120-126
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    • 2014
  • This paper deals with the economic value analysis of meteorological forecasts for a hypothetical inventory decision-making situation in the pharmaceutical industry. The value of Asian dust (AD) forecasts is assessed in terms of the expected value of profits by using a decision tree, which is transformed from the specific payoff structure. The forecast user is assumed to determine the inventory level by considering base profit, inventory cost, and lost sales cost. We estimate the information value of AD forecasts by comparing the two cases of decision-making with or without the AD forecast. The proposed method is verified for the real data of AD forecasts and events in Seoul during the period 2004~2008. The results indicate that AD forecasts can provide the forecast users with benefits, which have various ranges of values according to the relative rate of inventory and lost sales cost.