Author : Stanford University. Department of Operations Research
Publisher :
Page : 52 pages
File Size : 28,30 MB
Release : 1967
Category :
ISBN :
Author : Arthur F. Veinott (Jr.)
Publisher :
Page : 46 pages
File Size : 46,15 MB
Release : 1965
Category : Inventories
ISBN :
A multiperiod single product nonstationary inventory problem is studied in which the system is reviewed at the beginning of each of a sequence of periods of equal length. The model has the following features. There are several classes of demand for the product in each period. The demands in different periods are independent but not necessarily identically distributed. The cost structure is nonstationary with the ordering cost being proportional to the amount ordered. Conditions are given that ensure that the base stock ordering policy is optimal and that the base stock levels in each period are easy to calculate. The results are based on earlier work of the author and on properties of stochastically ordered distributions that are developed in the paper. The case of a linear holding cost and a linear storage cost is studied in detail. (Author).
Author : Philip Melchiors
Publisher :
Page : 20 pages
File Size : 13,56 MB
Release : 1999
Category :
ISBN :
Author : Karin Möllering
Publisher : Springer
Page : 172 pages
File Size : 49,32 MB
Release : 2019-03-01
Category : Business & Economics
ISBN : 3658242558
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.
Author : Dong-Ping Song
Publisher : Springer Science & Business Media
Page : 282 pages
File Size : 41,32 MB
Release : 2012-11-29
Category : Technology & Engineering
ISBN : 1447147243
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 : Xiaoying Liang
Publisher : Springer
Page : 110 pages
File Size : 36,71 MB
Release : 2016-11-24
Category : Business & Economics
ISBN : 3319486357
This book develops a modeling framework to analyze the problem of inventory management with alternative delivery times. The general context considered here is that a seller replenishes its inventory in fixed intervals and, between replenishments, allocates the limited inventory to satisfy customers who are both price and delivery-time sensitive. On the demand side, customers have heterogeneous delivery-time requirements and choose either spot or late delivery. This theoretical modeling captures the essence of real-world business practices such as the delivery time market segmentation strategy adopted by automobile dealerships in China and many other similar examples. The book focuses on the seller’s optimal inventory replenishment and demand fulfillment policies, and our results provide managerial insights into the merits of flexible delivery-time options. Similar applications such as the group-buying mechanism are also examined. The main mathematical tool used in theoretical analysis is dynamic programming. This book is written for students, researchers, and practitioners in the areas of operations management and industrial engineering who are interested in understanding the rationale of flexible delivery times and designing successful applications.
Author : Felix Papier
Publisher : Springer
Page : 145 pages
File Size : 12,44 MB
Release : 2019-03-09
Category : Business & Economics
ISBN : 3658243139
Logistics providers typically own large fleets of transportation vehicles such as rail cars or trucks. These fleets do not only determine to a large extent the service level the company can offer, but also make up a large part of total costs. Proper management of the fleet is therefore a crucial factor for these companies. In this book the author presents planning approaches that address the optimal management of vehicle fleets. Firstly, methods for determining the mixture of vehicle types and the optimal size of a fleet are developed. Secondly, approaches for supporting new service models such as customer segmentation are derived. Potential readership includes scholars and graduate students who are interested in the field of fleet planning and practitioners from logistics companies looking for new planning approaches.
Author : Qiufen Ni
Publisher : Springer Nature
Page : 482 pages
File Size : 11,64 MB
Release : 2022-09-18
Category : Computers
ISBN : 3031160819
This book constitutes the proceedings of the 16th International Conference on Algorithmic Aspects in Information and Management, AAIM 2022, which was held online during August 13-14, 2022. The conference was originally planned to take place in Guangzhou, China, but changed to a virtual event due to the COVID-19 pandemic. The 41 regular papers included in this book were carefully reviewed and selected from 59 submissions.
Author : Jing-Sheng J. Song
Publisher : Edward Elgar Publishing
Page : 565 pages
File Size : 20,73 MB
Release : 2023-08-14
Category : Technology & Engineering
ISBN : 180037710X
This comprehensive Handbook provides an overview of state-of-the-art research on quantitative models for inventory management. Despite over half a century’s progress, inventory management remains a challenge, as evidenced by the recent Covid-19 pandemic. With an expanse of world-renowned inventory scholars from major international research universities, this Handbook explores key areas including mathematical modelling, the interplay of inventory decisions and other business decisions and the unique challenges posed to multiple industries.
Author : Zhenji Zhang
Publisher : Springer Science & Business Media
Page : 1416 pages
File Size : 12,43 MB
Release : 2013-03-19
Category : Business & Economics
ISBN : 3642320546
Information and communication technology has helped to provide a more effective network infrastructure and development platform for logistics and service operations. In order to meet the needs of consumers, and particularly to promote low-carbon development processes, new types of services will also emerge. LISS 2012 is a prime international forum for both researchers and industry practitioners to exchange the latest fundamental advances in the state of the art and practice of logistics, informatics, service operations and service science. Experts and researchers from related fields will discuss current issues and future development opportunities, discuss and analyze developing trends and exchange the latest research and academic thought. The theme of the conference is Logistics and Service Science based on the Internet of Things.
