A Stockastic Multi-item Inventory Model with Unequal Replenishment Intervals and Limited Warehouse Capacity PDF Download

Author: Joongkyu Choi
Publisher:
ISBN:
Category :
Languages : en
Pages : 56

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Book Description

Author: Dong-Ping Song
Publisher: Springer Science & Business Media
ISBN: 1447147243
Category : Technology & Engineering
Languages : en
Pages : 282

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Book Description
Optimal Control and Optimization of Stochastic Supply Chain Systems examines its subject the context of the presence of a variety of uncertainties. Numerous examples with intuitive illustrations and tables are provided, to demonstrate the structural characteristics of the optimal control policies in various stochastic supply chains and to show how to make use of these characteristics to construct easy-to-operate sub-optimal policies. In Part I, a general introduction to stochastic supply chain systems is provided. Analytical models for various stochastic supply chain systems are formulated and analysed in Part II. In Part III the structural knowledge of the optimal control policies obtained in Part II is utilized to construct easy-to-operate sub-optimal control policies for various stochastic supply chain systems accordingly. Finally, Part IV discusses the optimisation of threshold-type control policies and their robustness. A key feature of the book is its tying together of the complex analytical models produced by the requirements of operational practice, and the simple solutions needed for implementation. The analytical models and theoretical analysis propounded in this monograph will be of benefit to academic researchers and graduate students looking at logistics and supply chain management from standpoints in operations research or industrial, manufacturing, or control engineering. The practical tools and solutions and the qualitative insights into the ideas underlying functional supply chain systems will be of similar use to readers from more industrially-based backgrounds.

Author: Institute for Operations Research and the Management Sciences. National Meeting
Publisher:
ISBN:
Category : Industrial management
Languages : en
Pages : 284

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Book Description

Author: Leonard Barolli
Publisher: Springer
ISBN: 3030222632
Category : Technology & Engineering
Languages : en
Pages : 950

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Book Description
This book highlights the latest research findings, methods and techniques, as well as challenges and solutions related to Ubiquitous and Pervasive Computing (UPC). In this regard, it employs both theoretical and practical perspectives, and places special emphasis on innovative, mobile and internet services. With the proliferation of wireless technologies and electronic devices, there is a rapidly growing interest in Ubiquitous and Pervasive Computing (UPC). UPC makes it possible to create a human-oriented computing environment in which computer chips are embedded in everyday objects and interact with the physical world. Through UPC, people can remain online even while underway, thus enjoying nearly permanent access to their preferred services. Though it has a great potential to revolutionize our lives, UPC also poses a number of new research challenges.

Author: Éva Barancsi
Publisher: Springer
ISBN:
Category : Business & Economics
Languages : en
Pages : 440

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Author: Dirk Beyer
Publisher:
ISBN:
Category :
Languages : en
Pages : 34

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Book Description
This paper studies multiproduct inventory models with stochastic demands and a warehousing constraint. Finite horizon as well as stationary and nonstationary discounted-cost infinite-horizon problems are addressed. Existence of optimal feedback policies is established under fairly general assumptions. Furthermore, the structure of the optimal policies is analyzed when the ordering cost is linear and the inventory/backlog cost is convex. The optimal policies generalize the base-stock policies in the single-product case. Finally, in the stationary infinite-horizon case, a myopic policy is proved to be optimal if the product demands are independent and the cost functions are separable.

Author: Marc de Bodt
Publisher:
ISBN: 9781332256280
Category : Business & Economics
Languages : en
Pages : 58

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Book Description
Excerpt from Continuous-Review Policies for a Multi-Echelon Inventory Problem With Stochastic Demand Continuous-Review Policies for a Multi-Echelon Inventory Problem With Stochastic Demand was written by Marc de Bodt and Stephen C. Graves in 1982. This is a 58 page book, containing 5607 words and 5 pictures. Search Inside is enabled for this title. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 848

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Book Description

Author: Awi Federgruen
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
We analyze a periodic review stochastic inventory model with T periods and I items. At the beginning of each period, the inventory position of each item can be adjusted by placing an order or by salvaging some of the inventory. There is a limited capacity for the total inventory held at the end of each period. Orders arrive and salvage batches deplete the inventory after a given lead time. In addition to variable order and salvaging costs, there are linear or convex holding and backlogging costs. In every period, the probability of the aggregate inventory level exceeding the prevailing inventory capacity must be smaller than a given tolerance.In this paper we show that when demands are independent across items or when each item is correlated with at most O(1) other items, a simple structured policy can be found which is asymptotically optimal when the number of items I grows to infinity. We achieve these results by showing that the problem, specified with chance constraints on the overflow probability in each period, can be sandwiched in between two problems with sets of expected value constraints.

Author:
Publisher:
ISBN:
Category : Engineering
Languages : en
Pages : 2264

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Book Description
Since its creation in 1884, Engineering Index has covered virtually every major engineering innovation from around the world. It serves as the historical record of virtually every major engineering innovation of the 20th century. Recent content is a vital resource for current awareness, new production information, technological forecasting and competitive intelligence. The world?s most comprehensive interdisciplinary engineering database, Engineering Index contains over 10.7 million records. Each year, over 500,000 new abstracts are added from over 5,000 scholarly journals, trade magazines, and conference proceedings. Coverage spans over 175 engineering disciplines from over 80 countries. Updated weekly.