• Journal of Korean Society of Industrial and Systems Engineering
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• 제20권43호
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• pp.25-36
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• 1997

The purpose of this paper is to structure a new integrated model that can minimize the total cost for the transportation and inventory systems between m origin points, where origin i has a supply of a commodity, such as distribution centers or warehouses, and n destination points, where destination j requires the commodity. In this case, demands of the destination points are assumed random variables which have a known probability distribution. We will find optimal distribution centers which transport the commodity to the destination points and suggest optimal inventory policy to the selected distribution center which find the optimal pair $$ and safety stock level that minimize total cost with back-ordered case. This new model is formulated as a 0-1 nonlinear integer programming problem. To solve the problem, this paper proposes heuristic computational procedures and program and provides numerical examples.

• IE interfaces
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• 제19권1호
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• pp.78-85
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• 2006

A centralized inventory system provides a number of stores with cost reduction, information sharing. In this paper, transportation costs are included in the inventory model. To build centralized warehouses, two things should be considered: how many warehouses are required and where these are located. The objective of this paper is to develop efficient heuristics to determine the location and the number of central warehouses by minimizing total costs. Throughout some computational experiments, the results of the heuristics are compared with an optimal solution.

• Journal of Korean Society of Industrial and Systems Engineering
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• 제27권4호
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• pp.23-32
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• 2004

This paper addresses a model for the transportation planning that determines the transportation cycle time and the vehicle size to minimize the cost in a distribution system. The vehicle routing to minimize the transportation distance of the vehicles is also determined. A distribution system is consisted of a distribution center and many retailers. Products are transported from distribution center to retailers according to transportation planning. A model is assumed that the time horizon is continuous and infinite, and the demand of retailers is constant and deterministic. Cost factors are the transportation cost and the inventory cost, which the transportation cost is proportional to the transportation distance of vehicle when products are transported from distribution center to retailers, and the inventory cost is proportional to inventory amounts of retailers. A transportation cycle time and a vehicle size are selected among respective finite alternatives. The problem is analyzed, and a illustrative example is shown.

• Journal of the Korea Safety Management & Science
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• 제16권2호
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• pp.147-155
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• 2014

This paper suggests a specific model that could efficiently improve the interaction and the interface between WMS(Warehouse Management System) terminal and PDA terminal through real time processing in manufacturing shop. The proposed model shows that the new method can more efficiently perform to reduce processing time for shipping and receiving, compared with the current approach. As a result of the certain test among the main server, WMS system, and PDA terminal, it is noted in case of the new proposed system that the effects of proposed model are as follows: (a) While the receiving lead time for carrying by the current method was 2 hours, the receiving lead time by the new method was 20 minutes. (b) While the shipping lead time for carrying by the current method was 1 hours, the shipping lead time by the new method was 15 minutes. (c) While the inventory rate of accuracy by the current method was 85%, the inventory rate of accuracy by the new method was 98%.

• Journal of the Korea Academia-Industrial cooperation Society
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• 제9권2호
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• pp.556-563
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• 2008

One of the most important issues of managing a supply chain is to determine the inventory level whenever shortage is permitted and vendor is responsible fur management of the both buyer and supplier's inventory. We present two vendor managed inventory models in the form of two-echelon supply chain models for: 1) one buyer-one supplier problem, and 2) two buyers- one supplier problem. We assume that shortage is permitted. The proposed methods of this paper provides a simple condition, which makes it easy to decide when and how vendor managed inventory model costs less than traditional one. The paper is supported with some numerical examples to show the implementation of the proposed methods.

• Journal of Korean Society of Industrial and Systems Engineering
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• 제43권4호
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• pp.142-149
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• 2020

A manufacturing company should produce its products and make a profit to continue its management. With the adoption of a multi-category small-volume production system, manufacturers that produce concrete pump-cine products are carrying out improvement activities to increase their market share amid the business-to-customer business environment. However, the slump in the construction investment environment has led to a decline in sales of concrete pump trucks. The purpose of holding inventory is to prevent loss of sales opportunities with the rate of change in the sales plan, and reducing the rate of change in the product can reduce unnecessary inventory and, in order to realize this, the goal of reducing inventory can be achieved by reviewing the parts that can be designed for common use. Therefore, to reduce the inventory of concrete pump trucks, semi-finished publicization design is necessary. According to the analysis, the frame assembly process of the 32M model is common. Production capacity can be secured without loss of sales opportunity.

• The Journal of Asian Finance, Economics and Business
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• 제8권7호
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• pp.501-508
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• 2021

The largest source of revenue in Indonesia comes from the taxation sector. Taxes increase the state revenue, which the government utilizes for building public facilities and infrastructures, providing subsidies to the public, financing public interests, and so on. In addition to producing revenue, taxes may be used to promote economic stability. Thus, this study aims to examine and analyze the financial aspects of tax aggressiveness. The financial aspects include leverage, capital intensity, inventory intensity, and earning management. The population used in this study was manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2016-2019 period. Data analysis was carried out based on Eviews, with a selected sample of 32 companies of four observation years. Therefore, the number of samples was 128. The results of this study revealed that the best estimation model to use is the Fixed Effect Model (FEM). This study proved that leverage and earning management had a positive and significant effect on tax aggressiveness. In contrast, capital intensity and inventory intensity did not affect tax aggressiveness. In addition, the result of this study is still far from perfect. It is, therefore, hoped that further research can add other variables to find better results.

• Journal of the Korean Society of Combustion
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• 제7권4호
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• pp.10-20
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• 2002

This paper discusses effect of solid mass inventory on the hydrodynamic characteristics of circulating fluidized bed(CFB). Operating parameters of solid mass inventory and air flow rates were varied to understand their effects on fludization pattern. Experimental measurements were made in a CFB of which height and diameter are 3m and 0.05m respectively. Black SiC particles ranging from $100{\mu}m\;to\;500{\mu}m$ were employed as the bed material. Superficial gas velocity of riser and J-valve fluidizing velocity were in the ranges of $1.39{\sim}3.24m/s\;and\;0.139{\sim}0.232m/s$, respectively. The axial solid fraction and solid circulation rate of CFB were calculated based on the experimental data and compared with modellings through IEA-CFBC Model and commercial CFD code.

• Journal of the Korean Operations Research and Management Science Society
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• 제31권3호
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• pp.11-25
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• 2006

Space may be a scarce resource in manufacturing shops, warehouses, freight terminals, and container terminals. This Paper discusses how to locate temporary storage Inventories In limited storage areas. A typical inventory is delivered from the location of the preceding process to the storage area and stored In the storage area during the certain period of time. And it may be relocated from the storage position to another. Finally. it is delivered from the final storage area to the location of the next process. Because this logistic process for an inventory requires handling activities, transportation activities, and storage spaces, the limitation in capacities of handling equipment, transportation equipment, and storage space must be considered when allocating spaces to the inventory. This problem Is modeled as a multicommodity minimal cost flow problem. And a heuristic algorithm for the Problem is proposed. Numerical experiments are presented to validate the mathematical model and the heuristic algorithm.

• Journal of the Korean Operations Research and Management Science Society
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• 제12권1호
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• pp.27-33
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• 1987

A stochastic model for an inventory system in which depletion of stock takes place due to random demand as well as random loss of items is studied under the assumption that the intervals between cussessive unit demands as well as those between cussessive unit losses, are independently and identically distributed random variables having negative exponential distributions with respective parameters .mu. and .lambda. It is further assumed that leadtime for each order is an outstanding-order-dependent random variable. The steady state probability distribution of the net inventory level is derived under the continuous review (S -1, S) inventory policy, from which the total expected coast expression is formulated.