Search Results for: Optimal Inventory Modeling Of Systems

Optimal Inventory Modeling of Systems

Optimal Inventory Modeling of Systems

Author: Craig C. Sherbrooke

Publisher: Springer Science & Business Media

ISBN: 9781402078491

Category: Business & Economics

Page: 350

View: 111

CONTENIDO: Single-site inventory model for repairable items - Metric: a multi-echelon model - Demand processes and demand prediction - Vari-metric: a multi-echelon, multi-indenture model - Multi-echelon, multi-indenture models with periodic supply and redundancy - Special topics in periodic supply - Modeling of cannibalization - Applications - Implementation issues.

Optimal Inventory Modeling of Systems

Optimal Inventory Modeling of Systems

Author: Craig C. Sherbrooke

Publisher: Springer Science & Business Media

ISBN: 9781402078651

Category: Business & Economics

Page: 392

View: 492

Most books on inventory theory use the item approach to determine stock levels, ignoring the impact of unit cost, echelon location, and hardware indenture. Optimal Inventory Modeling of Systems is the first book to take the system approach to inventory modeling. The result has been dramatic reductions in the resources to operate many systems - fleets of aircraft, ships, telecommunications networks, electric utilities, and the space station. Although only four chapters and appendices are totally new in this edition, extensive revisions have been made in all chapters, adding numerous worked-out examples. Many new applications have been added including commercial airlines, experience gained during Desert Storm, and adoption of the Windows interface as a standard for personal computer models.

Stochastic Modeling and Optimization of Manufacturing Systems and Supply Chains

Stochastic Modeling and Optimization of Manufacturing Systems and Supply Chains

Author: J. George Shanthikumar

Publisher: Springer Science & Business Media

ISBN: 9781461503736

Category: Business & Economics

Page: 413

View: 952

This volume originates from two workshops, both focusing on themes that are reflected in the title of the volume. The first workshop took place at Eindhoven University of Technology, April 24-26, 2001, on the occasion of the University granting a doctorate honoris causa to Profes sor John A. Buzacott. The second workshop was held on June 15, 2002 at Cornell University (preceding the annual INFORMSjMSOM Confer ence), honoring John's retirement and his lifetime contributions. Each of the two workshops consisted of about a dozen technical presentations. The objective of the volume, however, is not to simply publish the proceedings of the two workshops. Rather, our objective is to put to gether a select set of articles, each organized into a well-written chapter, focusing on a timely topic. Collected into a single volume, these chapters aim to serve as a useful reference for researchers and practitioners alike, and also as reading materials for graduate courses or seminars.

Decision Criteria and Optimal Inventory Processes

Decision Criteria and Optimal Inventory Processes

Author: Baoding Liu

Publisher: Springer Science & Business Media

ISBN: 9781461551515

Category: Business & Economics

Page: 210

View: 417

Decision Criteria and Optimal Inventory Processes provides a theoretical and practical introduction to decision criteria and inventory processes. Inventory theory is presented by focusing on the analysis and processes underlying decision criteria. Included are many state-of-the-art criterion models as background material. These models are extended to the authors' newly developed fuzzy criterion models which constitute a general framework for the study of stochastic inventory models with special focus on the real world inventory theoretic reservoir operations problems. The applications of fuzzy criterion dynamic programming models are illustrated by reservoir operations including the integrated network of reservoir operation and the open inventory network problems. An interesting feature of this book is the special attention it pays to the analysis of some theoretical and applied aspects of fuzzy criteria and dynamic fuzzy criterion models, thus opening up a new way of injecting the much-needed type of non-cost, intuitive, and easy-to-use methods into multi-stage inventory processes. This is accomplished by constructing and optimizing the fuzzy criterion models developed for inventory processes. Practitioners in operations research, management science, and engineering will find numerous new ideas and strategies for modeling real world multi- stage inventory problems, and researchers and applied mathematicians will find this work a stimulating and useful reference.

Optimal Inventory Control and Management Techniques

Optimal Inventory Control and Management Techniques

Author: Mittal, Mandeep

Publisher: IGI Global

ISBN: 9781466698895

Category: Business & Economics

Page: 406

View: 385

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. Optimal Inventory Control and Management Techniques explores emergent research in stock management and product control within organizations. Featuring diverse perspectives on the implementation of various optimization techniques, genetic algorithms, and datamining concepts, as well as research on big data applications for inventory management, this publication is a comprehensive reference source for practitioners, educators, and researchers in the fields of logistics, operations management, and retail management.

Run-time Models for Self-managing Systems and Applications

Run-time Models for Self-managing Systems and Applications

Author: Danilo Ardagna

Publisher: Springer Science & Business Media

ISBN: 9783034604338

Category: Computers

Page: 185

View: 449

The complexity of Information Technology (IT) systems has been steadily incre- ing in the past decades. In October 2001, IBM released the “Autonomic Computing Manifesto” observing that current applications have reached the size of millions of lines of code, while physical infrastructures include thousands of heterogeneous servers requiring skilled IT professionals to install, con?gure, tune, and maintain. System complexity has been recognized as the main obstacle to the further advan- ment of IT technology. The basic idea of Autonomic Computing is to develop IT systems that are able to manage themselves, as the human autonomic nervous system governs basic body functions such as heart rate or body temperature, thus freeing the conscious brain— IT administrators—from the burden of dealing with low-level vital functions. Autonomic Computing systems can be implemented by introducing autonomic controllers which continuously monitor, analyze, plan, and execute (the famous MAPE cycle) recon?guration actions on the system components. Monitoring acti- ties are deployed to measure the workload and performance metrics of each running component so as to identify system faults. The goal of the analysis activities is to determine the status of components from the monitoring data, and to forecast - ture conditions based on historical observations. Finally, plan and execute activities aim at deciding and actuating the next system con?guration, for example, deciding whether to accept or reject new requests, determining the best application to servers assignment, in order to the achieve the self-optimization goals.

Optimization and Inventory Management

Optimization and Inventory Management

Author: Nita H. Shah

Publisher: Springer Nature

ISBN: 9789811396984

Category: Business & Economics

Page: 470

View: 148

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.

Encyclopedia of Business Analytics and Optimization

Encyclopedia of Business Analytics and Optimization

Author: Wang, John

Publisher: IGI Global

ISBN: 9781466652033

Category: Business & Economics

Page: 2754

View: 432

As the age of Big Data emerges, it becomes necessary to take the five dimensions of Big Data- volume, variety, velocity, volatility, and veracity- and focus these dimensions towards one critical emphasis - value. The Encyclopedia of Business Analytics and Optimization confronts the challenges of information retrieval in the age of Big Data by exploring recent advances in the areas of knowledge management, data visualization, interdisciplinary communication, and others. Through its critical approach and practical application, this book will be a must-have reference for any professional, leader, analyst, or manager interested in making the most of the knowledge resources at their disposal.

Supply Chain

Supply Chain

Author: Vedran Kordic

Publisher: BoD – Books on Demand

ISBN: 9783902613226

Category: Business & Economics

Page: 582

View: 236

Traditionally supply chain management has meant factories, assembly lines, warehouses, transportation vehicles, and time sheets. Modern supply chain management is a highly complex, multidimensional problem set with virtually endless number of variables for optimization. An Internet enabled supply chain may have just-in-time delivery, precise inventory visibility, and up-to-the-minute distribution-tracking capabilities. Technology advances have enabled supply chains to become strategic weapons that can help avoid disasters, lower costs, and make money. From internal enterprise processes to external business transactions with suppliers, transporters, channels and end-users marks the wide range of challenges researchers have to handle. The aim of this book is at revealing and illustrating this diversity in terms of scientific and theoretical fundamentals, prevailing concepts as well as current practical applications.

Computational Optimization, Methods and Algorithms

Computational Optimization, Methods and Algorithms

Author: Slawomir Koziel

Publisher: Springer

ISBN: 9783642208591

Category: Technology & Engineering

Page: 283

View: 384

Computational optimization is an important paradigm with a wide range of applications. In virtually all branches of engineering and industry, we almost always try to optimize something - whether to minimize the cost and energy consumption, or to maximize profits, outputs, performance and efficiency. In many cases, this search for optimality is challenging, either because of the high computational cost of evaluating objectives and constraints, or because of the nonlinearity, multimodality, discontinuity and uncertainty of the problem functions in the real-world systems. Another complication is that most problems are often NP-hard, that is, the solution time for finding the optimum increases exponentially with the problem size. The development of efficient algorithms and specialized techniques that address these difficulties is of primary importance for contemporary engineering, science and industry. This book consists of 12 self-contained chapters, contributed from worldwide experts who are working in these exciting areas. The book strives to review and discuss the latest developments concerning optimization and modelling with a focus on methods and algorithms for computational optimization. It also covers well-chosen, real-world applications in science, engineering and industry. Main topics include derivative-free optimization, multi-objective evolutionary algorithms, surrogate-based methods, maximum simulated likelihood estimation, support vector machines, and metaheuristic algorithms. Application case studies include aerodynamic shape optimization, microwave engineering, black-box optimization, classification, economics, inventory optimization and structural optimization. This graduate level book can serve as an excellent reference for lecturers, researchers and students in computational science, engineering and industry.

Applied Computer Sciences in Engineering

Applied Computer Sciences in Engineering

Author: Juan Carlos Figueroa-García

Publisher: Springer

ISBN: 9783030003531

Category: Computers

Page: 478

View: 173

This two-volume set (CCIS 915 and CCIS 916) constitutes the refereed proceedings of the 5th Workshop on Engineering Applications, WEA 2018, held in Medellín, Colombia, in October 2018. The 41 revised full papers presented in this volume were carefully reviewed and selected from 101 submissions. The papers are organized in topical sections such as green logistics and optimization, Internet of Things (IoT), digital signal processing (DSP), network applications, miscellaneous applications.