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Imperfect Inventory Systems

Imperfect Inventory Systems PDF Author: Ata Allah Taleizadeh
Publisher: Springer Nature
ISBN: 3030569748
Category : Business & Economics
Languages : en
Pages : 595

Book Description
This book examines inventory and production strategies that can reduce unexpected breakdown costs. It highlights different EPQ models to deal with such problems, providing optimal value derivations for decision variables. It provides proofs for concavity or convexity of objective functions. The chapters also include numerical examples for all the developed mathematical models. Imperfect Inventory Systems: Inventory and Production Management and Breakdown should be useful for professionals working on supply chains, but also researchers in operations research and inventory management.

Imperfect Inventory Systems

Imperfect Inventory Systems PDF Author: Ata Allah Taleizadeh
Publisher: Springer Nature
ISBN: 3030569748
Category : Business & Economics
Languages : en
Pages : 595

Book Description
This book examines inventory and production strategies that can reduce unexpected breakdown costs. It highlights different EPQ models to deal with such problems, providing optimal value derivations for decision variables. It provides proofs for concavity or convexity of objective functions. The chapters also include numerical examples for all the developed mathematical models. Imperfect Inventory Systems: Inventory and Production Management and Breakdown should be useful for professionals working on supply chains, but also researchers in operations research and inventory management.

Data Analytics and Artificial Intelligence for Inventory and Supply Chain Management

Data Analytics and Artificial Intelligence for Inventory and Supply Chain Management PDF Author: Dinesh K. Sharma
Publisher: Springer Nature
ISBN: 9811963371
Category : Business & Economics
Languages : en
Pages : 293

Book Description
This book considers new analytics and AI approaches in the areas of inventory control, logistics, and supply chain management. It provides valuable insights for the retailers and managers to improve business operations and make more realistic and better decisions. It also offers a number of smartly designed strategies related to inventory control and supply chain management for the optimal ordering and delivery policies. The book further uses detailed models and AI computing approaches for demand forecasting to planning optimization and digital execution tracking. One of its key features is use of real-life examples, case studies, practical models to ensure adoption of new solutions, data analytics, and AI-lead automation methodologies are included.The book can be utilized by retailers and managers to improve business operations and make more accurate and realistic decisions. The AI-based solution, agnostic assessment, and strategy will support the companies for better alignment and inventory control and capabilities to create a strategic road map for supply chain and logistics. The book is also useful for postgraduate students, researchers, and corporate executives. It addresses novel solutions for inventory to real-world supply chain and logistics that retailers, practitioners, educators, and scholars will find useful. It provides the theoretical and applicable subject matters for the senior undergraduate and graduate students, researchers, practitioners, and professionals in the area of artificial intelligent computing and its applications in inventory and supply chain management, inventory control, and logistics.

Fuzzy Optimization, Decision-making and Operations Research

Fuzzy Optimization, Decision-making and Operations Research PDF Author: Chiranjibe Jana
Publisher: Springer Nature
ISBN: 3031356683
Category : Business & Economics
Languages : en
Pages : 753

Book Description
After developing fuzzy set theory, many contributors focused their research on the extension of fuzzy sets and their computational methodologies, strengthening modern science and technology. In some real-life phenomena, the conventional methods and traditional fuzzy sets cannot be explained, whereas the extension of fuzzy sets and effective new computing methods can explain it adequately. This edited book presents a new view of fuzzy set-measurement methods entitled "Fuzzy Optimization, Decision Making and Operations Research: Theory and Applications", which deals with different perspectives and areas of research. All chapters are divided into three parts: fuzzy optimization, fuzzy decision-making, and fuzzy operation research. The goal of this book is to provide a relevant methodological framework covering the core fields of fuzzy decision-making method, fuzzy optimization method, fuzzy graphics method, fuzzy operations research, fuzzy optimization using graph theory, fuzzy support systems and its real and industrial applications. For many people, fuzzy words' industrial engineering and scientific meanings are still an advanced system for improving modern science and technology. Although fuzzy logic can be applied to many different areas, people do not know how different fuzzy approaches can be applied to various products currently on the market. It is written for professionals who wish to share their expertise, improve their findings, and provide relevant information in the fields of fuzzy methods and their application in decision-making, optimization theory, graph theory and operations research. This book is aimed at experts and practitioners in the fields of fuzzy optimization, fuzzy decision-making, and fuzzy operation research.

Optimization and Inventory Management

Optimization and Inventory Management PDF Author: Nita H. Shah
Publisher: Springer Nature
ISBN: 9811396981
Category : Business & Economics
Languages : en
Pages : 466

Book Description
This book discusses inventory models for determining optimal ordering policies using various optimization techniques, genetic algorithms, and data mining concepts. It also provides sensitivity analyses for the models’ robustness. It presents a collection of mathematical models that deal with real industry scenarios. All mathematical model solutions are provided with the help of various optimization techniques to determine optimal ordering policy. The book offers a range of perspectives on the implementation of optimization techniques, inflation, trade credit financing, fuzzy systems, human error, learning in production, inspection, green supply chains, closed supply chains, reworks, game theory approaches, genetic algorithms, and data mining, as well as research on big data applications for inventory management and control. Starting from deterministic inventory models, the book moves towards advanced inventory models. The content is divided into eight major sections: inventory control and management – inventory models with trade credit financing for imperfect quality items; environmental impact on ordering policies; impact of learning on the supply chain models; EOQ models considering warehousing; optimal ordering policies with data mining and PSO techniques; supply chain models in fuzzy environments; optimal production models for multi-items and multi-retailers; and a marketing model to understand buying behaviour. Given its scope, the book offers a valuable resource for practitioners, instructors, students and researchers alike. It also offers essential insights to help retailers/managers improve business functions and make more accurate and realistic decisions.

Recent Advances in Intelligent Information Systems and Applied Mathematics

Recent Advances in Intelligent Information Systems and Applied Mathematics PDF Author: Oscar Castillo
Publisher: Springer Nature
ISBN: 3030341526
Category : Technology & Engineering
Languages : en
Pages : 923

Book Description
This book describes the latest advances in intelligent techniques such as fuzzy logic, neural networks, and optimization algorithms, and their relevance in building intelligent information systems in combination with applied mathematics. The authors also outline the applications of these systems in areas like intelligent control and robotics, pattern recognition, medical diagnosis, time series prediction, and optimization of complex problems. By sharing fresh ideas and identifying new targets/problems it offers young researchers and students new directions for their future research. The book is intended for readers from mathematics and computer science, in particular professors and students working on theory and applications of intelligent systems for real-world applications.

Application of Renewable Energy in Production and Supply Chain Management

Application of Renewable Energy in Production and Supply Chain Management PDF Author: Biswajit Sarkar
Publisher: MDPI
ISBN: 3039286722
Category : Technology & Engineering
Languages : en
Pages : 176

Book Description
The use of the energy and its resources have changed dramatically in last few decades. The increasing use of technology and electrification increases the demand for energy, with impacts natural energy resources. At present, industries are trying to reduce the direct use of traditional energy by utilizing renewable energy as an alternative energy resource. Recent studies have attempted to optimize consumed energies for entire systems by using alternative energies. These alternatives are different kinds of renewable energies which provide numerous new possibilities to survive without using non-renewable energies. The production industry is moving toward smart production using the technology of the fourth industrial revolution. In this book, energy consumption for production and supply chain management are explained through presentation of some the latest major research advances. These studies collectively contribute new ideas and strategies in enriching the literature.

Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques

Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques PDF Author: Shah, Nita H.
Publisher: IGI Global
ISBN: 1522532331
Category : Business & Economics
Languages : en
Pages : 672

Book Description
Stock management and control is a critical element to the success and overall financial well-being of an organization. Through the application of innovative practices and technology, businesses are now able to effectively monitor their operations and manage their inventory by evaluating sales patterns and customer preferences. The Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques is a critical scholarly resource that examines optimization techniques, data mining concepts, and genetic algorithms to manage inventory control. Featuring coverage on a broad range of topics such as logistics and supply chain management, stochastic inventory modelling, and inventory management in healthcare, this book is geared towards academicians, practitioners, and researchers seeking various research methods to get optimal ordering policy.

Advances in Interdisciplinary Research in Engineering and Business Management

Advances in Interdisciplinary Research in Engineering and Business Management PDF Author: P. K. Kapur
Publisher: Springer Nature
ISBN: 9811600376
Category : Computers
Languages : en
Pages : 493

Book Description
The volume contains latest research on software reliability assessment, testing, quality management, inventory management, mathematical modeling, analysis using soft computing techniques and management analytics. It links researcher and practitioner perspectives from different branches of engineering and management, and from around the world for a bird's eye view on the topics. The interdisciplinarity of engineering and management research is widely recognized and considered to be the most appropriate and significant in the fast changing dynamics of today's times. With insights from the volume, companies looking to drive decision making are provided actionable insight on each level and for every role using key indicators, to generate mobile-enabled scorecards, time-series based analysis using charts, and dashboards. At the same time, the book provides scholars with a platform to derive maximum utility in the area by subscribing to the idea of managing business through performance and business analytics.

Application of Optimization in Production, Logistics, Inventory, Supply Chain Management and Block Chain

Application of Optimization in Production, Logistics, Inventory, Supply Chain Management and Block Chain PDF Author: Biswajit Sarkar
Publisher: MDPI
ISBN: 303928522X
Category : Technology & Engineering
Languages : en
Pages : 618

Book Description
The evolution of industrial development since the 18th century is now experiencing the fourth industrial revolution. The effect of the development has propagated into almost every sector of the industry. From inventory to the circular economy, the effectiveness of technology has been fruitful for industry. The recent trends in research, with new ideas and methodologies, are included in this book. Several new ideas and business strategies are developed in the area of the supply chain management, logistics, optimization, and forecasting for the improvement of the economy of the society and the environment. The proposed technologies and ideas are either novel or help modify several other new ideas. Different real life problems with different dimensions are discussed in the book so that readers may connect with the recent issues in society and industry. The collection of the articles provides a glimpse into the new research trends in technology, business, and the environment.

Planning Production and Inventories in the Extended Enterprise

Planning Production and Inventories in the Extended Enterprise PDF Author: Karl G. Kempf
Publisher: Springer Science & Business Media
ISBN: 1441964851
Category : Business & Economics
Languages : en
Pages : 652

Book Description
In two volumes, Planning Production and Inventories in the Extended Enterprise: A State of the Art Handbook examines production planning across the extended enterprise against a backdrop of important gaps between theory and practice. The early chapters describe the multifaceted nature of production planning problems and reveal many of the core complexities. The middle chapters describe recent research on theoretical techniques to manage these complexities. Accounts of production planning system currently in use in various industries are included in the later chapters. Throughout the two volumes there are suggestions on promising directions for future work focused on closing the gaps.