Open AccessBook
Decision Systems for Inventory Management and Production Planning
Graham K. Rand
- 01 Jan 1979
TL;DR: In this article, an in-depth discussion of the major decisions in production planning, scheduling, and inventory management faced by organizations, both private and public, is presented, as well as the latest systems used to make decisions, including Just-in-Time Manufacturing, KANBAN, Distribution Requirements Planning and PUSH Control.
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Abstract: An in-depth discussion of the major decisions in production planning, scheduling, and inventory management faced by organizations, both private and public. Strategic and operational issues are covered, as well as the latest systems used to make decisions, including Just-in-Time Manufacturing, KANBAN, Distribution Requirements Planning, and PUSH Control. A series of cases focusing on one organization complement the text's discussion, and several problem sets are also included. An extensive list of references allows the advanced student to pursue topics of interest in more detail.
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Citations
The EOQ model – A dynamical system
TL;DR: An inventory model to determine the retailer's optimal order quantity for similar products to maximize the profit function by trading off inventory costs, purchasing costs, cost of the effort of sales staff considering the effect of inflation and time value of money by Pontryagin’s Maximal Principles is dealt with.
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Patent
Method to provide sensitivity information for lost-sale (R, s,S) inventory systems
Sanjay Elathur Ramaswamy,Ying Tat Leung,Dinah W. Cheng +2 more
- 03 Sep 1997
TL;DR: In this paper, the sensitivity information about average lost sales and inventory levels of a lost-sale (s,S) inventory system with respect to the two decision variables s and S is used for "what-if" analysis and optimization of the decision variables.
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DYNAMIC LOT-SIZING PROBLEMS: A Review on Model and Efficient Algorithm
Endy Suwondo,Henry Yuliando +1 more
- 02 Oct 2012
TL;DR: Both algorithmics and heuristics solution in the research of dynamic lot sizing are considered, followed by an illustration to provide an efficient algorithm.
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Optimal ordering policies in inventory systems with random demand and random deal offerings
TL;DR: In this article, the optimal order policies for a firm facing random demand and random deal offerings were determined for a periodic review setting, where a firm may first place an order at the regular price later in the period, if a price promotion is offered by the supplier (with a certain probability), the firm may decide to place another order if the promotion is successful.
18
Operations research techniques in manufacturing planning and control systems
Jan Olhager,Birger Rapp +1 more
TL;DR: In this paper, the possible uses for OR models and techniques in manufacturing planning and control (MPC) systems are investigated. But, the use of OR techniques in current standard MPC packages is rather restricted, and there is a potential for utilizing more OR-related techniques in computer-aided MPC systems, at least in theory.
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