• Title/Summary/Keyword: inventory operation cost

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Internet Based for Computer Integration Manufacturing System

  • Suesut, T.;Hankarjonsook, C.;Tipsuwanporn, V.;Tammarugwattana, N.;Tirasesth, K.
    • 제어로봇시스템학회:학술대회논문집
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    • 2003.10a
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    • pp.260-263
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    • 2003
  • This paper has developed the computer integration manufacturing system and Internet based tele-operations. The functions of CIMS include production planing, material requirement planning, work order generation, process control, quality control, shipping planning, warehouse and inventory management and material cost accounting.[1] In this paper focuses on the automatic warehouse control and inventory management by developing the information system as well as the Internet-based integration. The system overview is divided into three parts, the mechanical system, the computer and developed software to control and manage the information and the communication system. The mechanical system consists of the warehouse machine and forklift mobile robot controlled by programmable logic controller (PLC). The computer works on many functions such as control station interfaces with PLC, managing database and inventory, and Internet server to broadcast the inventory database to users via World Wide Web and monitoring the operation on web camera. Our scheme the inventory database can be checked easily anywhere and anytime when the users connect to the Internet. In this article, the lead-time and inventory level can be reduced therefore the holding cost and operating time is also decreased.

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A Study on the Operation Strategy of Physical Distribution System of a Low Inventory Turnover Item (저회전 품목의 물적분배시스템 운용전략에 관한 연구)

  • Kim, Byeong-Chan;Yang, Hyo-Seok;Yang, Dae-Yong
    • Proceedings of the Korean Society of Computer Information Conference
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    • 2008.06a
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    • pp.99-103
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    • 2008
  • An operational strategy for inventory control on finished goods in the distribution system has been given attention to many enterprises and many studies regarding this field have been done and is also on-going currently. It handling large scale of smallness type are so the requisition of customer which is various that over it continues more full scale merit. therefore, It is a tendency that many of enterprise is handling small scale of smallness type for environment change confrontation. but It is not easy for the enterprise to In customer demand diversification suiting because too need many cost. In addition, at enterprise charge extra weight because remainder inventory is causes of defective stock for a inefficient problem solution. this paper is rationalization of stock cost decrease for comparison evaluation of small scale quantity handling of singleness type and small scale quantity handling of largeness type.

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A Study on the Operation of Distribution System for the Rationalization of Safety Stock under the Price Discount (가격할인하 안전재고 합리화를 위한 분배시스템 운영에 관한 연구)

  • Kim, Byeong-Chan;Kim, Hong-Ki
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.32 no.4
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    • pp.45-52
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    • 2009
  • The objective of this was to improve a transportation cost relation between Central Distribution Centers(CDCs) and Regional Distribution Centers(RDCs), to control inventory cost concerning safety stock for each service level, by reviewing distribution steps connecting CDCs and RDCs under the price discount. It was also to examine and compare operating costs for the following two alternative suggestions for setting the service standard as a counter measure for a stock-out of the distribution network system management. First, provision by dispersing the safety stock to the CDCs and RDCs; and second, exclusive provision of the safety stock only to the RDCs. The cost comparison analysis was made for each category of purchase costs, regular transportation costs, express transportation costs, and inventory holding costs.

Analysis of Financial Management Activities in Elementary School Foodservices (초등학교급식에서 수행되는 급식비 관련 재무관리 업무분석)

  • Choe, Eun-Hui;Lee, Jin-Mi;Gwak, Dong-Gyeong
    • Journal of the Korean Dietetic Association
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    • v.2 no.2
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    • pp.123-140
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    • 1996
  • The purpose of this study was to examine financial management practices in elementary school foodservices. Respondents were asked to provide information on demographics, operational characteristics, financial management activities(responsibility, importance and time demand). Data were collected from 106 elementary school foodservice using the mail questionnaire. The results were as follows 1. Time demand of 14 financial management activities was examined. The results of time-demand showed that most financial activities were performed about once per month. Reporting, inventory checking and production cost accounting were performed several times per week. 2. Major financial management activities performed by school dietitians were inventory checking, record keeping, production cost accounting, and foodservice operation planning. 3. Results of the importance rating of 14 financial management activities showed that the production cost accounting, budgeting, controlling meal costs, reporting the national treasury accounts, and inventory checking were rated as very important(4.00-4.49). Factor analysis was conducted on the importance ratings. Five activities were differentiated such as budgeting, record keeping, cost controlling, cost accounting, and reporting. The cost controlling task was identified at the most important one among them. 4. Important ratings for reporting were found to be significantly different by age, and years of experience. The younger and the less experienced were responded with higher scores on reporting. Analysis of variance for the importance scales by meal costs per one person, food cost percentage, labor cost percentage was conducted, but significant differences were not founded.

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A Case Study on the Aggregate Planning of Multi-product Small-batch Production Facilities: Focusing on System Dynamics Simulation Modeling (다품종 소량생산 설비의 총괄생산계획에 관한 사례 연구: 시스템다이내믹스 시뮬레이션 모델링을 중심으로)

  • Lee, Seungdoe;Kim, Sang Won
    • Journal of Korean Society for Quality Management
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    • v.50 no.1
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    • pp.153-167
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    • 2022
  • Purpose: The purpose of this study is to guide the operation managers who plan daily production of large mass-processing facility that services multi-customers with multi-product, small-batch item characteristics by providing the practical best production quantity and the inventory allowed to build. Methods: Close observation of a subcontract paint-shop operator captured the daily decision process which was reflected in the subcontractor-unique mathematical model and the system dynamics simulation model. Multiple simulations were run to find the practical best production quantity and the maximum allowable stock level of inventory that did not undermine the profit from practical best daily production. Actual data and a few constant values were obtained from the firm under study. Results: While the inventory holding cost for the customer-owned material harms the total profit of the subcontractor, the running cost of the processing facility hinders production in small batches. This balances the maximum possible productions and results in practical best daily production which can be found through simulation runs with actual data. The maximum level of stocked inventory is deduced from the practical best daily production. Conclusion: To build a large volume that enables economy-of-scale production, operators should deal with multi-product small-batch items from multiple customers. When the planned schedule of the time and amount of material in-flow tend not to be reliable, operators can find it practical to execute level production across the planning horizon instead of adjusting to day-to-day in-flow fluctuations.

Applying Genetic Algorithm for Can-Order Policies in the Joint Replenishment Problem

  • Nagasawa, Keisuke;Irohara, Takashi;Matoba, Yosuke;Liu, Shuling
    • Industrial Engineering and Management Systems
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    • v.14 no.1
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    • pp.1-10
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    • 2015
  • In this paper, we consider multi-item inventory management. When managing a multi-item inventory, we coordinate replenishment orders of items supplied by the same supplier. The associated problem is called the joint replenishment problem (JRP). One often-used approach to the JRP is to apply a can-order policy. Under a can-order policy, some items are re-ordered when their inventory level drops to or below their re-order level, and any other item with an inventory level at or below its can-order level can be included in this order. In the present paper, we propose a method for finding the optimal parameter of a can-order policy, the can-order level, for each item in a lost-sales model. The main objectives in our model are minimizing the number of ordering, inventory, and shortage (i.e., lost-sales) respectively, compared with the conventional JRP, in which the objective is to minimize total cost. In order to solve this multi-objective optimization problem, we apply a genetic algorithm. In a numerical experiment using actual shipment data, we simulate the proposed model and compare the results with those of other methods.

Classification of Water Facility Inventories for the Construction of Water Supply Asset Management System (상수도 자산관리 시스템 구축을 위한 정수시설 인벤토리 분류)

  • Kim, Jinkeun;Lee, Junghoon
    • Journal of Korean Society of Water and Wastewater
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    • v.29 no.6
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    • pp.651-657
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    • 2015
  • Recently, the need for asset management(AM) plan introduction to reduce increasing O&M cost with aging water facilities is on the rise. Therefore, asset inventory classification is necessary as the first step for AM plan construction. In this study, all assets of YW water treatment plant(WTP) were classified as 5 steps. In addition, specific code name was given to each asset which can increase compatibility in constructing the AM programs among WTPs. In the future, codes for attribute and status of asset will be allocated, which can facilitate proper AM operation.

A Study of Determining the Economical Shortage Ratio for Safety Stock - With Emphasis on the Rolling Stock Part - (안전재고의 경제적 품질률 결정에 관한 연구 철도차량부품을 중심으로)

  • 이근희;이승구
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.11 no.17
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    • pp.47-54
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    • 1988
  • Korean National Railroad(K.N.R) playing a important role in land transportation gives us many problems to solve considering proper management of National Budget and development of the state of operation by maintaining train parts rationally as public services. According this study is to show inventory provision system for deciding the safety inventory level as the better rational method. Bibliography for this study is limited to only three kinds of seven brakes-shoe which is produced by T workshop in Korean National Railroad. To reduce the holding cost coming from the want of the stock and shortage cost of the stock expected. This study is to present a ratio of shortage on the stock permitted for the last definite period and the demand result forecast per month.

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Warehouse Inventory Control System Using Periodic Square Wave Model (다제품 저장창고의 재고관리를 위한 적응 모형예측 제어기)

  • Yi, Gyeongbeom
    • Journal of Institute of Control, Robotics and Systems
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    • v.21 no.11
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    • pp.1076-1080
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    • 2015
  • An inventory control system was developed for a distribution system consisting of a single multiproduct warehouse serving a set of customers and purchasing products from multiple vendors. Purchase orders requesting multiple products are delivered to the warehouse in a process. The receipt of customer orders by the warehouse proceeded in order intervals and in order quantities that are subject to random fluctuations. The objective of warehouse operation is to minimize the total cost while maintaining inventory levels within the warehouse capacity by adjusting the purchase order intervals and quantities. An adaptive model predictive control algorithm was developed using a periodic square wave model to represent the material flows. The adaptive concept incorporated a stabilized minimum variance control-type input calculation coupled with input/output stream parameter predictions. The effectiveness of the scheme was demonstrated using simulations.

A Genetic Algorithm for Integrated Inventory and Routing Problems in Two-echelon VMI Supply Chains (2단계 VMI 공급사슬에서 통합 재고/차량경로 문제를 위한 유전알고리듬 해법)

  • Park, Yang-Byung;Park, Hae-Soo
    • Journal of Korean Institute of Industrial Engineers
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    • v.34 no.3
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    • pp.362-372
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    • 2008
  • Manufacturers, or vendors, and their customers continue to adopt vendor-managed inventory(VMI) program to improve supply chain performance through collaboration achieved by consolidating replenishment responsibility upstream with vendors. In this paper, we construct a mixed integer linear programming model and propose a genetic algorithm for the integrated inventory and routing problems with lost sales maximizing the total profit in the VMI supply chains which comprise of a single manufacturer and multi-retailer. The proposed GA is compared with the mathematical model on the various sized test problems with respect to the solution quality and computation time. As a result, the GA demonstrates the capability of reaching solutions that are very close to those obtained by the mathematical model for small problems and stay within 3.2% from those obtained by the mathematical model for larger problems, with a much shorter computation time. Finally, we investigate the effects of the cost and operation variables on the total profit of the problem as well as the GA performance through the sensitivity analyses.