• Journal of Korean Institute of Industrial Engineers
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• v.41 no.5
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• pp.511-520
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• 2015

Inventory, cost, and the level of service are three interrelated key metrics that most supply chain organizations are striving to optimize. One way to achieve this goal is to create a simulation model to conduct sensitivity analysis and optimization on several different supply chain policies that can be implemented in actual operation. In this paper, a case of Xerox global supply chain modeling and analysis to assess several "what if" scenarios for the consumable policy safety stock is presented. The simulation model, combined with analytical cost model and optimization module, is used to optimize the policy safety stock level to achieve the lowest total value chain cost. It was shown quantitatively that the policy safety stock can be reduced, but it is offset by the inbound premium transportation cost to expedite supplies in shortage, and the outbound premium transportation cost to send supplies to customers via express shipment, requiring fine balance.

• Management Science and Financial Engineering
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• v.13 no.2
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• pp.117-139
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• 2007

This paper contributes by incorporating works addressing supply chain coordination and investing in setup reduction program. Consider a two-echelon, EOQ-like inventory system consisting of a supplier and a buyer. We assume that both the supplier and the buyer can invest in setup cost reduction programs in order to benefit from small order sizes. However, the costs of investing in setup cost reduction programs are different for the two parties, leading to mismatches in individually optimal setup costs and order cycle times. We propose a supply chain coordination contract that makes use of quantity discount as an incentive transfer scheme for supply chain coordination.

• Journal of Institute of Control, Robotics and Systems
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• v.22 no.12
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• pp.1040-1045
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• 2016

An inventory control system was developed for multiproduct batch plants with an arbitrary number of batch processes and storage units. Customer orders are received by the plant at intervals and in quantities that are subject to random fluctuations. The objective of the plant operation is to minimize the total cost while maintaining inventory levels within the storage or warehouse capacity by adjusting the startup times, the quantities of raw material orders, and production batch sizes. An adaptive model-based control algorithm was developed that uses a periodic square wave model to represent the flows of material between the processes and the storage units. The effectiveness of this approach was demonstrated by performing simulations.

• Journal of Korea Society of Digital Industry and Information Management
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• v.4 no.3
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• pp.115-126
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• 2008

This thesis is the research for methods to forecast of dynamic changes at retail stores in the ubiquitous era, and, through adopting RFID based technology, to minimize cost of operation of stores and bringing up better customer service. The core methods had been researched and studied are to build future-oriented stores by providing store system with better customer's convenience based on referring to case studies of future-oriented stores and efficient inventory management method enabling more profitable store, and adopting Smart Carts, Smart Shelf and e-POP and environment sensors as a method in order to provide more improved customer service.

• Journal of the Korea Safety Management & Science
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• v.4 no.4
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• pp.73-85
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• 2002

The supply chain not only includes the manufacturer and suppliers, but also transporters, warehouses, retailers, and customers themselves. Within each organization, such as manufacturer, the supply chain includes all functions involved in filling a customer request. these functions include, but are not limited to, new product development, marketing, operation, distribution, finance, and customer service. Lean Supply chain coordination improves if all supplier of chain take actions that together increase total supply chain profits. To design of Modularity by the grouping supplier, the proposed method is to develop the most appropriate production system models in the Supply Chain Management which is necessity of the times and its importance. The objects of this study is development of model and cost analysis to the modular production system in Lean SCM. Introduction of modular production system in Lean SCM is effective in reducing the cost in processing, manufacturing, inventory holding, ordering, etc.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2000.04a
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• pp.139-142
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• 2000

Excessive inventories result from poor scheduling, planning, and controls, and the converse is also same. With adequate inventories, supplies can transport products to customers in time without excessive delivering cost. So efficient inventory control is vital for successful logistics management operation. In terms of mass discount retailers such as Wal-Mart, Carrefour, E-Mart, and so on, they require the high-quality services such as a small-amount and a high-frequency delivery because of having small warehouse and wanting possess much more various goods. In the opposite, manufactures ask mass discount retailer to delivery more lots of goods because of reducing the number of deliveries. It goes without saying that both wish to prevent stockout(lack of inventories). Usually, mass discount retailers have the power more than manufactures. This paper proposed how to manage inventory and how many to order in view of the TPLC and supplier. We considered the economic order quantity models for multiple items so as to prevent urgent deliveries as possible as. And the tradeoff stockout costs and delivering costs.

• Journal of the Korea Society of Computer and Information
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• v.14 no.2
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• pp.211-219
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• 2009

The logistic environment of Korean companies faces very challenging circumstances due to lack of resources and tough price competitions. It is obvious that such a load of logistic cost becomes an obstacle to national or business competition advantages in the era of unlimited market competition. Prior studies concerning these issues sought to express a large-scale distribution network in a unified numerical formula using defined symbols and could take systematic approaches to distribution network. But inventory policy and operation in material distribution system have been limited to conventional methodology. so they are exposed to many questions in practical applications. This study analyzed distribution system cost and developed a relevant model for operation policy of distribution system for the efficeient treating of stockout. allowing practical applications, so that it will contribute to saving operational cost related to material distribution system.

• Journal of Wind Energy
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• v.14 no.3
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• pp.61-68
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• 2023

This paper aims to perform optimal operation and maintenance with an integrated monitoring system for offshore wind platforms. Based on the wind direction and wind speed data of existing wind farms, a monitoring system was established along with weather and weather data to maximize the operational efficiency of wind farms. Compared to wind power on land, offshore wind power is difficult to maintain due to weather, logistics and geographical limitations. Therefore, economic analysis of actual operation and maintenance is essential for large-scale offshore wind farms. In this paper, the availability of offshore wind farms was analyzed by using personnel resources, parts inventory, Crew Transfer Vessel (CTV) and Specialized service Operation Vessel (SOV) etc. before the actual operation and maintenance of wind farms. A comparative analysis was conducted to determine the optimum operating efficiency and economical maintenance costs.

• 한국정보통신설비학회:학술대회논문집
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• 2006.08a
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• pp.11-14
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• 2006

This paper reviews the optical link technologies which have been developed for gigabit-per-second wavelength-division-multiplexing passive optical networks (WDM-PONs). Similarly to the 100Mb/s WDM-PON systems which have been deployed for trial services by KT, the most important requirement for 1Gb/s WDM-PON is wavelength independence (colorless feature) of its ONU/ONTs, which makes possible convenient operation and cost-effective maintenance with minimum inventory cost. Among various methods to implement such colorless feature, four promising candidates for gigabit WDM-PON are analyzed with their own development issues and their expected performances are compared.

• Management Science and Financial Engineering
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• v.11 no.1
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• pp.63-78
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• 2005

Disassembly scheduling is the problem of determining the ordering and disassembly schedules of used or end-of-life products while satisfying the demand of their parts or components over a certain planning horizon. This paper considers the case of the assembly product structure for the cost-based objective of minimizing the sum of purchase, setup, inventory holding, and disassembly operation costs. To represent and solve the problem optimally, this paper presents an integer programming model, which is a reversed form of the multi-level lot sizing formulation. Computational experiments on an example derived from the literature and a number of randomly generated test problems are done and the results are reported.