• Journal of Institute of Control, Robotics and Systems
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• v.16 no.5
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• pp.476-480
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• 2010

This study deals with stockout costs in the supply chain optimization model under the framework of batch-storage network. Stockout is very popular in chemical industries. Estimating stockout cost involves an understanding of customer reactions to a seller being out of stock at the time the customer wants to buy an item. This involves massively non-trivial work such as direct customer interviews and extensive mail survey. In this study, we will introduce a new interpretation of stockout costs combined with batchstorage network optimization model and thus suggest an easy way of estimating stockout costs. Optimization model suggest that optimal process and storage sizes considering stockout cost are smaller than those that do not consider stockout cost. An illustrative example support the analytical results.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.10 no.16
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• pp.113-119
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• 1987

A Multistage production-inventory model is developed for deteriorating items. The model is developed deterministic but time-varing demand pattern and instantaneous delivery. Deterioration rates are assumed to vary from period to period. Discrete version of Pontryagin's maximum principle is used to present the efficient alogrithm to solve this model easily. A numerical example is given to illustrate the derived results.

• The Sea:JOURNAL OF THE KOREAN SOCIETY OF OCEANOGRAPHY
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• v.27 no.4
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• pp.194-210
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• 2022

The monthly inventory of dissolved inorganic carbon (C_T) and its fluxes were simulated using a box-model for the southeastern Yellow Sea, bordering the northern East China Sea. The monthly C_T data was constructed by combining the observed data representing four seasons with the data adopted from the recent publications. A 2-box-model of the surface and deep layers was used, assuming that the annual C_T inventory was at the steady state and its fluctuations due to the advection in the surface box were negligible. Results of the simulation point out that the monthly C_T inventory variation between the surface and deep box was driven primarily by the mixing flux due to the variation of the mixed layer depth, on the scale of -40~35 mol C m^-2 month^-1. The air to sea CO₂ flux was about 2 mol C m^-2 yr^-1 and was lower than 1/100 of the mixing flux. The biological pump flux estimated magnitude, in the range of 4-5 mol C m^-2 yr^-1, is about half the in situ measurement value reported. The C_T inventory of the water column was maximum in April, when mixing by cooling ceases, and decreases slightly throughout the stratified period. Therefore, the total C_T inventory is larger in the stratified period than that of the mixing period. In order to maintain a steady state, 18 mol C m^-2 yr^-1 (= 216 g C m^-2 yr^-1), the difference between the maximum and minimum monthly CT inventory, should be transported out to the East China Sea. Extrapolating this flux over the entire southern Yellow Sea boundary yields 4 × 10⁹ g C yr^-1. Conceptually this flux is equivalent to the proposed continental shelf pump. Since this flux must go through the vast shelf area of the East China Sea before it joins the open Pacific waters the actual contribution as a continental shelf pump would be significantly lower than reported value. Although errors accompanied the simple box model simulation imposed by the paucity of data and assumptions are considerably large, nevertheless it was possible to constrain the relative contribution among the major fluxes and their range that caused the C_T inventory variations, and was able to suggest recommendations for the future studies.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.7
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• pp.151-160
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• 2021

The purposes of this research were: 1) to analyze the confirmatory factors with the business operational model of entrepreneurs of small and medium enterprises (SMEs) in the textile and clothing industry, and 2) to verify the congruence of the model with the operational ways of the entrepreneurs of SMEs in the textile and clothing industry. The sample consisted of 500 small and medium enterprise entrepreneurs in the textile and clothing industry. This study was quantitative research and the instrument used to collect the data was a questionnaire. The data was analyzed using 1^st order and 2^nd order of confirmatory analysis (CFA). The findings of this research revealed that the model of SMEs in the textile and clothing industry was overall at a high level. Four main factors were used for the model of SMEs in the textile and clothing industry by their importance in descending order as follows: marketing mix (MM), collaboration network (CN), production inventory management (PIM), and creativity (CT). The results of verification of model congruence revealed the model of SMEs in the textile and clothing industry was fit and in accordance with the empirical data.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 1992.04b
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• pp.331-331
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• 1992

• Proceedings of the Korean Operations and Management Science Society Conference
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• 1999.04a
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• pp.167-168
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• 1999

• Kyungpook Mathematical Journal
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• v.31 no.2
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• pp.143-150
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• 1991

• Journal of Institute of Control, Robotics and Systems
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• v.7 no.10
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• pp.867-873
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• 2001

The purpose of this study is to find analytic solution of determining the optimal capacity (lot-size) of multiproduct acyclic multistage production and inventory system to meet the finished product demand under the constraint of finite intermediate storage. Intermediate storage is a practical way to mitigate the material flow imbalance through the line of supply and demand chain. However, the cost of constructing and operating storage facilities is becoming substantial because of increasing land value, environmental and safety concern. Therefore, reasonable decision-making about the capacity of processes and storage units is an important subject for industries. The industrial solution for this subject is to use the classical economic lot sizing method, EOQ/EPQ(Economic Order Quantity/Economic Production Quantity) model, incorporated with practical experience. But EOQ/EPQ model is not suitable for the chemical plant design with highly interlinked processes and storage units because it is developed based on single product and single stage. This study overcomes the limitation of the classical lot sizing method. The superstructure of the plant consists of the network of serially and/or parallelly interlinked non-continuous processes and storage units. The processes transform a set of feedstock materials into another set of products with constant conversion factors. A novel production and inventory analysis method, PSW(Periodic Square Wave) model, is applied to describe the detail material flows among equipments. The objective function of this study is minimizing the total cost composed of setup and inventory holding cost. The advantage of PSW model comes from the fact that the model provides a set of simple analytic solutions in spite of realistic description of the material flows between processes and storage units. the resulting simple analytic solution can greatly enhance the proper and quick investment decision for the preliminary plant design problem confronted with economic situation.

• Journal of the Korea Society for Simulation
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• v.22 no.1
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• pp.31-40
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• 2013

Recent development in science and technology has modernized the weapon systems of ROKN (Republic Of Korea Navy). Although the cost of purchasing, operating, and maintaining the cutting-edge weapon systems has been increased significantly, the national defense expenditure is under a tight budget constraint. In order to maintain the availability of ships with low cost, we need an efficient and scientific method for managing repairable parts. In this study, we propose a simulation model that computes the availability of ship's repairable parts. Our model is based on the METRIC (Multi Echelon Technique Repairable Item Control) model and extends to five sub-models to reflect the realistic situations that arise in the navy, such as planned maintenance, condemnation, lateral transshipment, and cannibalization. We have performed simulations to compute the availability of repairable parts while setting the part-level consistent throughout the five models and carried out two sensitivity analyses. The simulation results show the differences in the part availability in different models. The experiments confirm our claim that ROKN needs an inventory management system that captures the operational characteristics of the navy.

• Proceedings of the Safety Management and Science Conference
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• 2001.05a
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• pp.199-203
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• 2001

In today's business transactions, it is more and more common to see that the buyers are allowed some grace period before they settle the account with the supplier. In this regard, we analyze the problem of determining the buyer's EOQ when the supplier allows day-terms credit. For the analysis, it is assumed that the buyer's demand rate is a function of the on -hand inventory level and the relevant mathematical model is developed.