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.
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.
This book introduces the reader to the hottest topics in current control sciences and robotics, as seen by scientists from Poland and other European countries. Volume 2 comprises 42 chapters, which specifically address topics connected to statistical and stochastic methods in control engineering applications, to optimization and quantum computing, to biological, medical, and ecological systems, to new applications of artificial intelligence and machine learning in automated and connected vehicles, to design and control of autonomous marine, robotics, and vehicles systems, and to other modern topics. The contributions were presented during XXI Polish Control Conference, held in Gliwice, Poland, from June 26 to 29, 2023. This book is extremely useful to all persons who want to know the latest trends in automation and robotics.
FCCS2012 is an integrated conference concentrating its focus on Future Computer and Control Systems. “Advances in Future Computer and Control Systems” presents the proceedings of the 2012 International Conference on Future Computer and Control Systems(FCCS2012) held April 21-22,2012, in Changsha, China including recent research results on Future Computer and Control Systems of researchers from all around the world.
In this book . . . Nicolas Vandeput hacks his way through the maze of quantitative supply chain optimizations. This book illustrates how the quantitative optimization of 21st century supply chains should be crafted and executed. . . . Vandeput is at the forefront of a new and better way of doing supply chains, and thanks to a richly illustrated book, where every single situation gets its own illustrating code snippet, so could you. --Joannes Vermorel, CEO, Lokad Inventory Optimization argues that mathematical inventory models can only take us so far with supply chain management. In order to optimize inventory policies, we have to use probabilistic simulations. The book explains how to implement these models and simulations step-by-step, starting from simple deterministic ones to complex multi-echelon optimization. The first two parts of the book discuss classical mathematical models, their limitations and assumptions, and a quick but effective introduction to Python is provided. Part 3 contains more advanced models that will allow you to optimize your profits, estimate your lost sales and use advanced demand distributions. It also provides an explanation of how you can optimize a multi-echelon supply chain based on a simple—yet powerful—framework. Part 4 discusses inventory optimization thanks to simulations under custom discrete demand probability functions. Inventory managers, demand planners and academics interested in gaining cost-effective solutions will benefit from the "do-it-yourself" examples and Python programs included in each chapter. Events around the book Link to a De Gruyter Online Event in which the author Nicolas Vandeput together with Stefan de Kok, supply chain innovator and CEO of Wahupa; Koen Cobbaert, Director in the S&O Industry practice of PwC Belgium; Bram Desmet, professor of operations & supply chain at the Vlerick Business School in Ghent; and Karl-Eric Devaux, Planning Consultant, Hatmill, discuss about models for inventory optimization. The event will be moderated by Eric Wilson, Director of Thought Leadership for Institute of Business Forecasting (IBF): https://youtu.be/565fDQMJEEg
In the last few years, logistics has become a strategic factor for development and competition. In fact, research and development activities have traditionally faced the management of supply chain and international transport focussing on two main aspects: speed and efficiency. However, several vulnerabilities have recently been highlighted under a safety and security viewpoint. The weakness of the logistic chains has become more evident with the beginning of the new millennium. Terrorist attacks, such as the 11th of September 2001 in the USA, have caused the introduction of new rules and procedures, which affect the overall logistics showing the vulnerability of the global economy. So, nowadays, it would appear anachronistic to carry out an exhaustive research activity on the supply chain with no relation to the various typologies of risk, which may affect it. This book aims to effectively represent the current status of research on dangerous goods transport.
The objective of the workshops held in conjunction with ER 2002, the 21st International Conference on Conceptual Modeling, was to give participants the opportunitytopresentanddiscussemerginghottopics,thusaddingnewpersp- tives to conceptual modeling. To meet this objective, we selected the following four workshops: – 2nd InternationalWorkshop on Evolution and Changein Data Management (ECDM 2002) – ER/IFIP8. 1 Workshop on Conceptual Modelling Approaches to Mobile - formation Systems Development (MobIMod 2002) – International Workshop on Conceptual Modeling Quality (IWCMQ 2002) – 3rd International Joint Workshop on Conceptual Modeling Approaches for E-business: a Web Service Perspective (eCOMO 2002) ER 2002 was organized so that there would be no overlap between the c- ference sessions and the workshops. This proceedings contains workshop papers that wererevisedby the authors following discussions during the conference. We are deeply indebted to the members of the organizing committees and program committees of these workshops for their hard work. July 2003 Antoni Oliv ́ e, Masatoshi Yoshikawa, and Eric S. K. Yu Workshop Co-chairs ER 2002 ECDM 2002 Change is a fundamental but sometimes neglected aspect of information and database systems. The management of evolution and change and the ability of database, information and knowledge-based systems to deal with change is an essential component in developing and maintaining truly useful systems. Many approachestohandlingevolutionandchangehavebeenproposedinvariousareas of data management, and this forum seeks to bring together researchers and practitioners from both more established areas and from emerging areas to look at this issue.
