Author: Oguzhan VicilPublisher:
ISBN:
Category :
Languages : en
Pages : 402
Book Description
Threshold Inventory Rationing Model Analysis and Optimization
Author: Oguzhan VicilInventory Rationing
Author: Karin MölleringPublisher: Springer
ISBN: 3658242558
Category : Business & Economics
Languages : en
Pages : 172
Book Description
The last decades have seen an increasing diversity of customer expectations and growing competitive pressure for a wide variety of industries. Customer segmentation and subsequent inventory rationing provide a way to cope with those customer demands while maintaining a competitive offer. The general idea resembles the yield management practised in the airline or hotel industries: Demand fulfilment for low priority customers might be refused or delayed in order to reserve stock for more important clients. This dissertation thesis from Karin Möllering provides a comprehensive introduction to inventory rationing. It gives an overview of the different approaches studied and identifies state-of-the-art rules. In a second step, the book particularly focuses on an easy-to-implement but highly efficient rationing strategy. For this strategy, a mathematical model is developed that allows for optimization under different objectives. Potential readership includes scholars of inventory control and management science, students interested in these areas as well as practitioners involved in formulating and implementing rationing strategies.
Optimal Control and Optimization of Stochastic Supply Chain Systems
Author: Dong-Ping SongPublisher: Springer Science & Business Media
ISBN: 1447147243
Category : Technology & Engineering
Languages : en
Pages : 282
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.
Simple and Optimal Rationing Policies for an Inventory Model with Several Demand Classes
Author: Philip MelchiorsOptimal Ordering and Rationing Policies in a Nonstationary Dynamic Inventory Model with N Demand Classes
Author: Stanford University. Department of Operations ResearchPublisher:
ISBN:
Category :
Languages : en
Pages : 52
Book Description
Spare Parts Inventory Control under System Availability Constraints
Author: Geert-Jan van HoutumPublisher: Springer
ISBN: 1489976094
Category : Business & Economics
Languages : en
Pages : 227
Book Description
This book focuses on the tactical planning level for spare parts management. It describes a series of multi-item inventory models and presents exact and heuristic optimization methods, including greedy heuristics that work well for real, life-sized problems. The intended audience consists of graduate students, starting scholars in the field of spare parts inventory control, and spare parts planning specialists in the industry. In individual chapters the authors consider topics including: a basic single-location model; single-location models with multiple machine types and/or machine groups; the multi-location model with lateral transshipments; the classical METRIC model and its generalization to multi-indenture systems; and a single-location model with an explicit modeling of the repair capacity for failed parts and the priorities that one can set there. Various chapters of the book are used in a master course at Eindhoven University of Technology and in a PhD course of the Graduate Program Operations Management and Logistics (a Dutch network that organizes PhD courses in the field of OM&L). The required pre-knowledge consists of probability theory and basic knowledge of Markov processes and queuing theory. End-of-chapter problems appear for all chapters, with some answers appearing in an appendix.
Manufacturing & Service Operations Management
Author: Inventory Rationing in an (s,Q) Inventory Model with Lost Sales and Two Demand Classes
Author: Philip MelchiorsAlgorithmic Aspects in Information and Management
Author: Weili WuPublisher: Springer Nature
ISBN: 3030931765
Category : Computers
Languages : en
Pages : 456
Book Description
This book constitutes the proceedings of the 15th International Conference on Algorithmic Aspects in Information and Management, AAIM 2021, which was held online during December 20-22, 2021. The conference was originally planned to take place in Dallas, Texas, USA, but changed to a virtual event due to the COVID-19 pandemic. The 38 regular papers included in this book were carefully reviewed and selected from 62 submissions. They were organized in the following topical sections: approximation algorithms; scheduling; nonlinear combinatorial optimization; network problems; blockchain, logic, complexity and reliability; and miscellaneous.
The New Palgrave Dictionary of Economics
Author: Publisher: Springer
ISBN: 1349588024
Category : Law
Languages : en
Pages : 7493
Book Description
The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.