Production and Inventory Management with Substitutions

Production and Inventory Management with Substitutions

Author: J. Christian Lang

Publisher: Springer

Published: 2009-12-10

Total Pages: 260

ISBN-13: 9783642042461

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Quantitativeapproachesforsolvingproductionplanningandinventorymanagement problems in industry have gained growing importance in the past years. Due to the increasinguse of AdvancedPlanningSystems, a widespreadpracticalapplicationof the sophisticated optimization models and algorithms developed by the Production Management and Operations Research community now seem within reach. The possibility that productscan be replaced by certain substitute productsexists in various application areas of production planning and inventory management. Substitutions can be useful for a number of reasons, among others to circ- vent production and supply bottlenecks and disruptions, increase the service level, reduce setup costs and times, and lower inventories and thereby decrease ca- tal lockup. Considering the current trend in industry towards shorter product life cycles and greater product variety, the importance of substitutions appears likely to grow. Closely related to substitutions are ?exible bills-of-materials and recipes in multi-level production systems. However, so far, the aspect of substitutions has not attracted much attention in academic literature. Existing lot-sizing models matching complex requirements of industrial optimization problems (e.g., constrained capacities, sequence-dependent setups, multiple resources) such as the Capacitated Lot-Sizing Problem with Sequence-Dependent Setups (CLSD) and the General Lot-Sizing and Scheduling Problem for Multiple Production Stages (GLSPMS) do not feature in substitution options.


Perspectives in Operations Management

Perspectives in Operations Management

Author: Rakesh K. Sarin

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 490

ISBN-13: 1461531667

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In the fall of 1992 a conference honoring Elwood S. Buffa was held at the Anderson Graduate School of Management of the University of California, Los Angeles. This book is a collection of the work presented at that conference. The scholars who gathered to honor El are the prominent researchers in the field of Operations Management. Their collective work published in this book represents the richness of the field and provides the reader with valuable insights into its important issues and problems. While any grouping of the articles by these distinguished scholars will be arbitrary, I have organized the book in four sections. In the first section the articles dealing with the strategic issues in Operations Management are compiled. The articles deal with continuous improvement, quality, services, supply chain management, and creating value through operations. The articles that explore the interface of Operations Management with other functional areas, e.g. engineering and marketing, are grouped in the second section. The third section of the book contains articles that attempt to model some important planning problems that arise in the management of production and operations. Some of the papers in this section provide state of the art reviews of selected topic areas. Finally, the fourth section contains articles that deal with future directions for Operations Management. The authors offer several insights into the future evolution of the field. The book begins with the keynote address given by El Buffa at the start of the conference on November 2, 1991.


Designing and Managing the Supply Chain 3e with Student CD

Designing and Managing the Supply Chain 3e with Student CD

Author: Philip Kaminsky

Publisher: McGraw-Hill Education

Published: 2007-07-23

Total Pages: 544

ISBN-13: 9780073341521

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Designing and Managing the Supply Chain, 3/e provides state-of-the-art models, concepts, and solution methods that are important for the design, control, operation, and management of supply chain systems. In particular, the authors attempt to convey the intuition behind many key supply chain concepts and to provide simple techniques that can be used to analyze various aspects of the supply chain. Topical coverage reflects the authors’ desire to introduce students to those aspects of supply chain management that are critical to the success of a business. Although many essential supply chain management issues are interrelated, the authors strive to make each chapter as self-contained as possible, so that the reader can refer directly to chapters covering topics of interest. Each chapter utilizes numerous case studies and examples, and mathematical and technical sections can be skipped without loss of continuity. The 3rd edition represents a substantial revision. While the structure and philosophy were kept intact, the authors placed an increasing importance on finding or developing effective frameworks that illustrate many important supply chain issues. At the same time, motivated by new developments in industry, they added material on a variety of topics new to the book while increasing the coverage of others.


Handbook of Research on Mathematical Modeling for Smart Healthcare Systems

Handbook of Research on Mathematical Modeling for Smart Healthcare Systems

Author: Samanta, Debabrata

Publisher: IGI Global

Published: 2022-06-24

Total Pages: 503

ISBN-13: 1668445824

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Advances in healthcare technologies have offered real-time guidance and technical assistance for diagnosis, monitoring, operation, and interventions. The development of artificial intelligence, machine learning, internet of things technology, and smart computing techniques are crucial in today’s healthcare environment as they provide frictionless and transparent financial transactions and improve the overall healthcare experience. This, in turn, has far-reaching effects on economic, psychological, educational, and organizational improvements in the way we work, teach, learn, and provide care. These advances must be studied further in order to ensure they are adapted and utilized appropriately. The Handbook of Research on Mathematical Modeling for Smart Healthcare Systems presents the latest research findings, ideas, innovations, developments, and applications in the field of modeling for healthcare systems. Furthermore, it presents the application of innovative techniques to complex problems in the case of healthcare. Covering a range of topics such as artificial intelligence, deep learning, and personalized healthcare services, this reference work is crucial for engineers, healthcare professionals, researchers, academicians, scholars, practitioners, instructors, and students.


Capacity and Inventory Planning for Make-to-Order Production Systems

Capacity and Inventory Planning for Make-to-Order Production Systems

Author: Klaus Altendorfer

Publisher: Springer Science & Business Media

Published: 2013-07-31

Total Pages: 150

ISBN-13: 3319008439

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​The book presents different models for the simultaneous optimization problem of capacity investment and work release rule parameterization. The overall costs are minimized either including backorder costs or considering a service level constraint. The available literature is extended with the integration of a distributed customer required lead time in addition to the actual demand distribution. Furthermore, an endogenous production lead time is introduced. Different models for make-to-order production systems with one or multiple serial processing stages are developed. Capacity investment is linked to the processing rates of the machines or to the number of the machines. Results are equations for service level, tardiness, and FGI lead time in such a production system. For special cases with M/M/1 and M/M/s queues explicit solutions of the optimization problems or optimality conditions concerning capacity investment and work release rule parameterization are provided.


Soft Computing in Inventory Management

Soft Computing in Inventory Management

Author: Nita H. Shah

Publisher: Springer Nature

Published: 2021-08-21

Total Pages: 228

ISBN-13: 981162156X

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This book presents a collection of mathematical models that deals with the real scenario in the industries. The primary objective of this book is to explore various effective methods for inventory control and management using soft computing techniques. Inventory control and management is a very tedious task faced by all the organizations in any sector of the economy. It makes decisions for policies, activities, and procedures in order to make sure that the right amount of each item is held in stock at any time. Many industries suffer from indiscipline while ordering and production mismatch. It is essential to provide best ordering policy to control such kind of mismatch in the industries. All the mathematical model solutions are provided with the help of various soft computing optimization techniques to determine optimal ordering policy. This book is beneficial for practitioners, educators, and researchers. It is also helpful for retailers/managers for improving business functions and making more accurate and realistic decisions.


Leading-edge Applied Mathematical Modeling Research

Leading-edge Applied Mathematical Modeling Research

Author: Matías P. Álvarez

Publisher: Nova Publishers

Published: 2008

Total Pages: 404

ISBN-13: 9781600219771

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This book covers new and significant research related to the mathematical modelling of engineering and environmental processes, manufacturing, and industrial systems. It includes heat transfer, fluid mechanics, CFD, and transport phenomena; solid mechanics and mechanics of metals; electromagnets and MHD; reliability modelling and system optimisation; finite volume, finite element, and boundary element procedures; decision sciences in an industrial and manufacturing context; civil engineering systems and structures; mineral and energy resources; relevant software engineering issues associated with CAD and CAE; and materials and metallurgical engineering.


Mathematical Modeling Of Productioninventory Systems

Mathematical Modeling Of Productioninventory Systems

Author: Sanjay Sharma

Publisher:

Published: 2004-01-01

Total Pages: 134

ISBN-13: 9788186299708

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A Production-Inventory Deals With The Procurement Of Input Items And The Production Of Finished Items At A Desired Quality Level. This Book Is Focused On The Mathematical Modeling Of Such Systems Considering Deterministic Situations. In Most Of The Cases, Total Relevant Cost Is Minimized After Formulating The Problem. In Addition To A Traditional Production-Inventory System, The Discussed Models Are Also Useful For The Following Manufacturing Environment :# Mrp# Jit# Supply Chain Emphasis Is On Incorporating Realistic Situations And Therefore An Exposure To These Models Will Also Help In Generating Different Projects At Ug/Pg Level. The Book Is A Reference Source For Reasearchers/Practitioners In This Area And P.G. Students Of Engineering And Management Disciplines Including Operations Reasearch, Inventory/Production Planning Etc. Content Highlights : - Preface # Introduction # Economic Lot Sizing # Lot Sizing Relevant To Jit Concept # Optimal Policies For Temporary Price Discount And Price Increase # Mrp Lot Sizing # Multi-Item Production Environment # References