• Title/Summary/Keyword: inventory model

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Learning Effects on a Joint Buyer/manufacturer Inventory Model (안전재고의 경제적 품질률 결정에 관한 연구 -철도차량부품을 중심으로-)

  • Ho Ki, Nam
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.11 no.17
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    • pp.25-37
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    • 1988
  • Joint inventory 방법을 다룬 기존의 연구는 생산비용이 일정하다는 조건만을 고려하였다. 본 논문은 기존의 연구에다 새로운 변수(learning curve ratio and learning retension)를 제조업자 측면에서 고려하여 보다 확장된 모델을 다룬다. Joint inventory 모델은 첫째 단일구매자와 둘째 학습곡선비율과 learning retention의 정도에 있어서 그 범위를 결합시키는데 이용되기 위해 개발되어 졌다. 구매자와 제조업자를 위한 로트 사이즈를 결정하기 위하여 증분비용접근방법 (Incremental Cost Approach, ICA)을 쓴다. 총결합비용은 기존모델보다 현저하게 적은데 그 이유는 학습과 learning retention 효과로 인한 제조업자의 생산비 절감과 재고유지 비용의 감소 때문이다. 학습과 learning retention이 현격한 경우, 총결합비용은 제조업자와 구매자의 개별적인 최적정책에서의 비용합(합)보다 적다. 소개된 모델의 효과를 보이기 위해 수치예제를 이용하였다.

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Development of 7 Learning Style Inventory Korean Version for IT Major Students

  • Park, Jong-Jin
    • International Journal of Advanced Culture Technology
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    • v.8 no.2
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    • pp.42-47
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    • 2020
  • This study is to develop Korean version of the 7 Learning Style Inventory(LSI) for IT major Students by systematic translation process and to test learning style of IT major University students. Translated and developed Korean version of LSI was verified of validity by comparing with existing V.A.K. learning style model. We can develop various tactics for 7 learning styles of students. Once the learning style of each student is confirmed, customized teaching for individual and team can be done more efficiently through teaching and learning strategies according to each learning style. Developed LSI was applied to the IT major students of two classes from Chungwoon University in Incheon. Results of LSI survey show that learning styles of 24 students out of 35 students from two classes are matched with V.A.K. learning styles of same students. It was 68.6% match in learning style, and shows that validity of 7 LSI. We need to elaborate Korean questionnaires of the LSI more, and extend and apply to the non-IT major students group.

Generalized Single Manufacturer and Multiple Retailers Supply Chain Model in JIT Purchasing (JIT구매를 고려한 단일 제조업자-다소매업자의 공급사슬에서 통합재고모형)

  • Kim, Dae-Hong
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.34 no.4
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    • pp.25-34
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    • 2011
  • In this paper, we investigate an inventory system where a single manufacturer purchases and processes raw materials in order to deliver finished goods to multiple retailers. Earlier study in this type of supply chain only consider a single raw material in order to produce finished goods, but we consider multi-raw materials in order to produce finished goods. Also, we develop an iterative solution procedure to find the order quantity for the finished goods and raw materials, and the number of shipments between manufacturer and retailers that minimizes the total cost per unit time of the raw materials ordering and holding, manufacture's setup and finished goods holding, the retailer's ordering and inventory holding. Numerical examples are presented to illustrate that jointly considering the total cost results in less total cost than that of considering them separately.

A Study on Determining the Optimal Number of Equipment Spares under Availability Consideration (가용도를 고려한 장비의 최적 예비부품수 결정에 관한 연구)

  • Park Beom-Chang;Gang Seong-Jin
    • Journal of the military operations research society of Korea
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    • v.16 no.2
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    • pp.83-95
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    • 1990
  • This paper addresses the problem of determining the optimal number of spares for a system consisting of multi-item parts. In commercial sector, the cost minimization is mainly considered as an objective functions in most inventory models. However, in the military inventory systems, it is more stressed on maximizing the system availability than minimizing the system cost because the field commander always wants the system to be in perfect working condition to prepare against an emergence case. In this point of view, this paper develops an inventory model which decides the optimal number of spares by minimizing units short and simultaneously achieving a certain level of system availability. Solution algorithms are derived using the generalized Lagrange multiplier approach and marginal analysis approach. Sample data and output results are provided and sensitivity analysis is performed as the level of system availability changes in order to decide the optimal number of spares and availability in terms of economic sense.

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A Single-Line Multi-Product Planning Problem Considering Inventory Interest Based on the Business Custom (상습관(商習慣)에 의한 재고금리(在庫金利)를 고려한 단일제조(單一製造)라인의 복수제품(複數製品) 생산계획(生産計劃))

  • Park, Seung-Heon
    • Journal of Korean Institute of Industrial Engineers
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    • v.13 no.1
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    • pp.1-10
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    • 1987
  • This paper deals with a single-facility multiproduct lot-size model requiring consideration of setup costs. Each product is demanded at the constant rate per unit time in the next particular period. Due to the limitation of the production capacity, some productions of total demand requirement in that period must be pre-produced. The aim of this project is to determine when and how much of each product to make in order to minimize the total setup costs and inventory carrying-costs of all products. Also this paper contains the further realistic treatment of inventory carrying-costs.

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A Synchronous System Design of an Intelligent-Integrated Production & Logistics Systems (지능형 통합 생산 물류 시스템의 동기화된 시스템 설계)

  • Bae, Jae-Ho;Wang, Gi-Nam
    • IE interfaces
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    • v.12 no.2
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    • pp.222-236
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    • 1999
  • This paper presents a design and implementation of an intelligent-integrated production-logistics systems. The situation considered here is that there are multiple manufacturing plants and multiple distribution centers. Effective distribution resource and production planning are required to reduce inventory cost and to avoid inventory shortage. We propose an intelligent forecasting scheme of each distribution centers, adaptive inventory replenishment planning, distribution resource planning, and integrated production planning system. In forecasting a huge number of on-line model identification is performed using neural network approximation capability. An efficient adaptive replenishment planning and distribution resource planning are also presented in connection with forecasting scheme. An appropriate production is also requested based on production lead-time and the results of distribution planning. Experimental simulations are presented to verify the proposed approach using real data.

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Impact of Maintenance Time of Anti-Ship Missile Harpoon on Operational Availability with Field Data (야전데이터 기반 하푼 유도탄 정비 소요시간이 가동률에 미치는 영향 연구)

  • Choi, Youngjae;Ma, Jungmok
    • Journal of the Korea Institute of Military Science and Technology
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    • v.23 no.4
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    • pp.426-434
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    • 2020
  • This paper studies the impact of the maintenance time of anti-ship missile Harpoon on operational availability with real field data. The Harpoon maintenance simulation model is developed as a testbed for identifying the optimal inventory levels on operational availability. Using multiple linear regression analysis and integer programming, the optimal inventory levels of essential assemblies are suggested. Finally, the result of sensitivity analysis shows the quantitative impact of maintenance time on operational availability and inventory costs. The authors believe that this quantitative analysis can support policy decisions to decrease maintenance time of missiles.

A Study on Multi-Period Inventory Clearance Pricing in Consideration of Consumer's Reference Price Effect

  • Koide, Takeshi;Sandoh, Hiroaki
    • Industrial Engineering and Management Systems
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    • v.12 no.2
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    • pp.95-102
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    • 2013
  • It is difficult to determine an appropriate discount price for daily perishable products to increase profit from a long-term standpoint. Even if the discount pricing is efficient to increase profit of the day, consumers memorize the sales price and they might hesitate to purchase the product at a regular price the following day. The authors discussed the inventory clearance pricing for a single period in our previous study by constructing a mathematical model to derive an optimal sales price to maximize the expected profit by considering the reference price effect of demand. This paper extends the discussion to handle the discount pricing for multiple periods. A mathematical analysis is first conducted to reveal the properties on an objective function, which is the present value of total expected profits for multiple periods. An algorithm is then proposed to derive an optimal price for asymmetric consumers. Numerical experiments investigate the characteristics of the objective function and optimal pricings.

The Research on the Managing Method for Reasonable Amount of Inventory in Construction Site Using Inventory Model and BIM Data. (재고모형과 BIM 데이터를 활용한 건설현장의 적정 재고 관리방안에 대한 연구)

  • Kim, Ban-Seok;Park, Byung Joo;Park, Jung-Lo;Kim, Joo-Hyung;Kim, Jae-Jun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2012.05a
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    • pp.119-120
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    • 2012
  • The management for materials and inventory is one of the factors which are considered the most for profits of a business in almost all industrial fields. Resource procurement which occupies more than 40% of an overall construction cost has a strong relationship with profits of a business but it is regarded as a work for a manager rather than for a technician. It makes the importance of resource procurement relatively low and slows down the development of workings. As the construction project becomes more larger and complicated, effective management for materials are directly affecting the profits of a business. Therefore, this research works on finding an economical managing method for materials according to a characteristic of construction project based on accurately forecasted BIM data. Finding a reorder point by using BIM data which contains an accurate data for schedule and material enables a better management for materials and provides more accurate data on matters which were used to be determined by an intuition of a manager.

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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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