• Title/Summary/Keyword: inventory model

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An Adaptive Multi-Echelon Inventory Control Model for Nonstationary Demand Process

  • Na, Sung-Soo;Jun, Jin;Kim, Chang-Ouk
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2004.05a
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    • pp.441-445
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    • 2004
  • In this paper, we deal with an inventory model of a multi-stage, serial supply chain system where a single product type and nonstationary customer demand pattern are considered. The retailer and suppliers place their orders according to an echelon-stock based replenishment control policy. We assume that the suppliers can access online information on the demand history and use this information when making their replenishment decisions. Using a reinforcement learning technique, the inventory control parameters are designed to adaptively change as the customer demand pattern is altered, in order to maintain a given target service level. Through a simulation based experiment, we verified that our approach is good for maintaining the target service level.

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Optimum Inventory Level and optimal Selling Price to Realize a Pre-determined Level of Profit

  • Kang, Suk-Ho;Noh, Seung-Jong
    • Journal of Korean Institute of Industrial Engineers
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    • v.12 no.1
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    • pp.43-48
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    • 1986
  • In this paper, the one period multi-item inventory model is considered in which it is required to determine the production quantity and selling price of each item which maximize the probability of realizing predetermined level of profit. The objective function of this model is the sum of weighted probabilities which represent the possibility of obtaining the predetermined level of profit for each item. Budget constraint, inventory site constraint and constraints of price are considered. Finally this paper shows a numerical example in which random demand of each item has exponential distribution.

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The Temperament and Character Inventory for Integrative Medicine (기질 및 성격검사의 통합의학적 활용)

  • Lee, Soo-Jin;Cloninger, C. Robert;Cloninger, Kevin M.;Chae, Han
    • Journal of Oriental Neuropsychiatry
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    • v.25 no.3
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    • pp.213-224
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    • 2014
  • Objectives: The Temperament and Character Inventory (TCI), initially developed by Dr. Cloninger in 1986, has been studied from various perspectives in many countries; however, its application in Korea has been limited due to a lack of information regarding the clinical use of integrative medicine. Methods and Results: A systematic review of previous studies on the theoretical development, structure, and content of temperament and character scales, as well as their stability and variability, is presented. In addition, the distinctive features of TCI as a biopsychosocial model and its clinical application regarding well-being, coherence therapy, and person-centered medicine were systematically reviewed. Discussion and Conclusion: The promotion of well-being with Cloninger's personality model and its importance for integrative medicine were discussed. This study would contribute to the clinical application of TCI in Korea.

Safety Critical I&C Component Inventory Management Method for Nuclear Power Plant using Linear Data Analysis Technic

  • Jung, Jae Cheon;Kim, Haek Yun
    • Journal of the Korean Society of Systems Engineering
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    • v.16 no.1
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    • pp.84-97
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    • 2020
  • This paper aims to develop an optimized inventory management method for safety critical Instrument and Control (I&C) components. In this regard, the paper focuses on estimating the consumption rate of I&C components using demand forecasting methods. The target component for this paper is the Foxboro SPEC-200 controller. This component was chosen because it has highest consumption rate among the safety critical I&C components in Korean OPR-1000 NPPs. Three analytical methods were chosen in order to develop the demand forecasting methods; Poisson, Generalized Linear Model (GLM) and Bootstrapping. The results show that the GLM gives better accuracy than the other analytical methods. This is because the GLM considers the maintenance level of the component by discriminating between corrective and preventive.

Two-Echelon Production-Inventory System with Sequence Dependent Setup Costs (생산준비 비용이 생산순서에 종속적인 경우의 2단계 생산-재고 시스템)

  • Moon, Dug-Hee;Hwang, Hark
    • Journal of Korean Institute of Industrial Engineers
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    • v.19 no.2
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    • pp.65-74
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    • 1993
  • In this paper, a two-echelon production-inventory model is developed which integrates the production scheduling problem of the multi-products produced on a single facility and the inventory problem of the related raw materials. The setup costs of the final products are assumed to be dependent on the production sequence. The aim is to determine simultaneously the production cycle time and the production sequence of the final products, and the procurement cycle times of the raw materials. For the model developed, a solution algorithm is suggested and illustrated with a numerical example. And the result is compared with those obtained by two separate subproblems.

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The Analysis of Carbon Emission Costs under Milk Run Logistics Strategy (순회배송 물류전략에서 탄소배출 비용의 효과 분석)

  • Min, Daiki
    • Journal of the Korean Operations Research and Management Science Society
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    • v.40 no.1
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    • pp.21-33
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    • 2015
  • This paper develops an analytic model for minimizing the cost of distributing items by truck from one supplier to many customers under Milk run logistics strategy. The model derives formulas for not only inventory and transportation costs but also costs associated with carbon emission trading scheme. In addition, monetary investment for reducing carbon emissions is considered. We analyze how to determine optimal shipment size and carbon emission reduction investment. The purpose of this work is to evaluate the effects of carbon emission trading scheme on the Milk run logistics strategy in terms of how much to reduce carbon emissions and/or inventory and transportation costs. We analytically show that it is possible to reduce carbon emissions while reducing inventory and transportation costs by introducing cap-and-trade carbon emission trading scheme under certain conditions.

Designing an Inventory Model of Parallel-Type Distribution System

  • Kwon, Hee Chul;Kim, Man Shik
    • Journal of Korean Society for Quality Management
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    • v.17 no.1
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    • pp.11-18
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    • 1989
  • A one-upper level warehouse n-Iower level retailer inventory distribution model is discussed. This paper presents the parallel-type inventory structure using an order-up-to-level invertory control system for analyzing the approximation of the expected units back ordered and the measure of service. We find that the total expected backorder units in system can substitute the expected back orders in the last two periods for the expected back orders in total periods. The rate of total expected back orders which is the measure of disservice, is given by dividing the improved units of total expected backorder into the total demand during an order cycle. The average annual total cost in system is obtained by considering the results, but from the viewpoint of this study the cost analysis is not described.

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An Integrated Inventory Model for Multi-Product and its Raw Materials in Just-In-Time Purchasing (JIT구매 하에서 원자재를 고려한 다품목의 통합재고모형에 관한 연구)

  • Kim, Dae-Hong
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.31 no.1
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    • pp.49-58
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    • 2008
  • In this paper, we consider an inventory system where a single supplier purchases and processes raw materials into finished goods in order to deliver finished goods to a single buyer for effective implementation of Just-In-Time Purchasing. An integrated multi-item lot-splitting model of facilitating multiple shipments in small lots between buyer and supplier is developed in a JIT Purchasing environment. Also, an iterative solution procedure is developed to find the order quantity for finished goods and raw materials, and number of shipments between buyer and supplier. We show by numerical example that when the integrated policy is adopted by both buyer and supplier in a cooperative manner, both parties can benefit.

The Impacts of the Number of Suppliers on Inventory Management in a Make-to-order Manufacturer (공급업체 수가 주문 생산 제조 기업의 재고 관리에 미치는 영향 분석)

  • Kim, Eun-Gab
    • IE interfaces
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    • v.23 no.4
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    • pp.327-336
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    • 2010
  • We consider a supply chain consisting of a make-to-order manufacturer and N component suppliers and study the impacts of the number of suppliers on component inventory management. The manufacturer has full information and continuously observes the state of both component inventory level and customer backorders. Based on this information, the manufacturer determines whether or not to place a component purchasing order to a supplier among N suppliers even though some orders are in process by other suppliers. The goal of this paper is to numerically identify the manufacturer's purchasing policy which minimizes the total supply chain cost and the best choice of N. Our model contributes to the current literature in that the problem of simultaneously considering multiple outstanding orders and incorporating order setup cost into the model has not been covered yet. From numerical experiment, we investigate how much the policy with N suppliers can contribute to reducing the supply cost compared to the policy with a single supplier.

A Preliminary Study on Validity of Korean Behavior Rating Inventory of Executive Function-Preschool Version(BRIEF-P) (한국판 유아용 실행기능 척도(BRIEF-P)의 타당화를 위한 예비연구)

  • KOWN, Yeon-Hee
    • Journal of Fisheries and Marine Sciences Education
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    • v.29 no.2
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    • pp.436-446
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    • 2017
  • This study was performed to verify the validity and utility of the Korean Behavior Rating Inventory of Executive Function-Preschool Version(BRIEF-P). The BRIEF-P is one of the most used instruments to measure Executive Function(EF) and a teacher-rating assessment method designed to measure the executive function of preschoolers(age 2-5). A total of 200 preschoolers(104 boys, 96 girls; recruited aged 3 to 5years) participated. Confirmatory factor analysis was carried out to evaluate the model structure. Correlation analysis was done to verify the concurrent validity. In the results, the model fit indexes were good with the five BRIEF-P subscales (that is, inhibit, shift, emotional control, working memory, plan/organize). The internal consistency of the BRIEF-P five subscales were supported. As a results, the Korean Behavior Rating Inventory of Executive Function-Preschool Version(BRIEF-P) was confirmed to be a reliable and valid assessment tool to measure executive function in preschoolers.