Download or read book Dynamic Multi Product Procurement with Joint and Individual Setup Costs written by Xiangyin Kong and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In practice, it is common, especially for online retailers, to bundle different products together during procurement to save transportation and handling costs. It is important to understand and theorize how to manage dynamic procurement by taking advantage of joint ordering in the presence of joint and individual setup costs. We characterize the structure of optimal policy for a periodic review multi-product inventory system with multiple setup costs, including a joint setup cost and individual setup costs for each product. By proposing the notion of ($ mathcal K, bm eta$)-quasi-convexity, we show that an optimal procurement policy for such a system follows the so-called ($ sigma, omega, bm S$) policy when demands are stochastically increasing over time: order upto $ bm S$ for states in the region $ sigma$, do not order for states in the region $ omega$, and order certain quantities for states neither in $ sigma$ nor in $ omega$. We also obtain ordering monotonicity properties that characterize the structure of the optimal policy, and we provide some bounds for the parameters of the optimal policy. Our results can also accommodate inter-product demand correlation, such as customer choice for different products. Leveraging these operational insights, we propose three simple heuristic policies: the independent ($ bm s, bm S$) policy, vector($ bm s, bm S$) policy and linear interpolation ($ bm s, bm S$) policy. Extensive numerical experiments indicate that the linear interpolation ($ bm s, bm S$) policy outperforms the other two heuristics, with the performance gap being less than 3.5% on average and only 0.5% in some cases. Finally, we show that how our results can be extended to systems with more complex setup cost functions, such as time-varying, set-based, and quantity-dependent setup costs.
Download or read book Proceedings written by American Institute for Decision Sciences. Meeting and published by . This book was released on 1985 with total page 1018 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Transforming Management Using Artificial Intelligence Techniques written by Vikas Garg and published by CRC Press. This book was released on 2020-11-09 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transforming Management Using Artificial Intelligence Techniques redefines management practices using artificial intelligence (AI) by providing a new approach. It offers a detailed, well-illustrated treatment of each topic with examples and case studies, and brings the exciting field to life by presenting a substantial and robust introduction to AI in a clear and concise manner. It provides a deeper understanding of how the relevant aspects of AI impact each other’s efficacy for better output. It’s a reliable and accessible one-step resource that introduces AI; presents a full examination of applications; provides an understanding of the foundations; examines education powered by AI, entertainment, home and service robots, healthcare re-imagined, predictive policing, space exploration; and so much more, all within the realm of AI. This book will feature: Uncovering new and innovative features of AI and how it can help in raising economic efficiency at both micro- and macro levels Both the literature and practical aspects of AI and its uses This book summarizing key concepts at the end of each chapter to assist reader comprehension Case studies of tried and tested approaches to resolutions of typical problems Ideal for both teaching and general-knowledge purposes. This book will also simply provide the topic of AI for the readers, aspiring researchers and practitioners involved in management and computer science, so they can obtain a high-level of understanding of AI and managerial applications.
Download or read book Inventory and Production Management in Supply Chains written by Edward A. Silver and published by CRC Press. This book was released on 2016-12-19 with total page 810 pages. Available in PDF, EPUB and Kindle. Book excerpt: Authored by a team of experts, the new edition of this bestseller presents practical techniques for managing inventory and production throughout supply chains. It covers the current context of inventory and production management, replenishment systems for managing individual inventories within a firm, managing inventory in multiple locations and firms, and production management. The book presents sophisticated concepts and solutions with an eye towards today’s economy of global demand, cost-saving, and rapid cycles. It explains how to decrease working capital and how to deal with coordinating chains across boundaries.
Download or read book Naval Research Logistics written by and published by . This book was released on 1994 with total page 628 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Management Science written by and published by . This book was released on 2004-11 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issues for Feb. 1965-Aug. 1967 include Bulletin of the Institute of Management Sciences.
Download or read book Application of Optimization in Production Logistics Inventory Supply Chain Management and Block Chain written by Biswajit Sarkar and published by MDPI. This book was released on 2020-04-23 with total page 618 pages. Available in PDF, EPUB and Kindle. Book excerpt: The evolution of industrial development since the 18th century is now experiencing the fourth industrial revolution. The effect of the development has propagated into almost every sector of the industry. From inventory to the circular economy, the effectiveness of technology has been fruitful for industry. The recent trends in research, with new ideas and methodologies, are included in this book. Several new ideas and business strategies are developed in the area of the supply chain management, logistics, optimization, and forecasting for the improvement of the economy of the society and the environment. The proposed technologies and ideas are either novel or help modify several other new ideas. Different real life problems with different dimensions are discussed in the book so that readers may connect with the recent issues in society and industry. The collection of the articles provides a glimpse into the new research trends in technology, business, and the environment.
Download or read book Combinatorial Optimization and Applications written by Weili Wu and published by Springer Nature. This book was released on 2024-01-09 with total page 505 pages. Available in PDF, EPUB and Kindle. Book excerpt: The two-volume set LNCS 14461 and LNCS 14462 constitutes the refereed proceedings of the 17th International Conference on Combinatorial Optimization and Applications, COCOA 2023, held in Hawaii, HI, USA, during December 15–17, 2023. The 73 full papers included in the proceedings were carefully reviewed and selected from 117 submissions. They were organized in topical sections as follows: Part I: Optimization in graphs; scheduling; set-related optimization; applied optimization and algorithm; Graph planer and others; Part II: Modeling and algorithms; complexity and approximation; combinatorics and computing; optimization and algorithms; extreme graph and others; machine learning, blockchain and others.
Download or read book TIMS ORSA Bulletin written by Institute of Management Sciences and published by . This book was released on 1988 with total page 694 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains abstracts of papers presented at the ORSA/TIMS Joint National Meetings.
Download or read book Joint Public Procurement and Innovation written by Gabriella Margherita Racca and published by Bruylant. This book was released on 2020-02-12 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation in public procurement is essential for sustainable and inclusive growth in an increasingly globalized economy. To achieve that potential, both the promises and the perils of innovation must be investigated, including the risks and opportunities of joint procurement across borders in the European Union and the United States. This in-depth research investigates innovation in public procurement from three different perspectives. First, leading academics and practitioners assess the purchase of innovation, with a particular focus on urban public contracting in smart cities involving meta-infrastructures, public-private partnership arrangements and smart contracts. A second line of inquiry looks for ways to encourage innovative suppliers. Here, the collected authors draw on emerging lessons from the US and Europe, to explore both the costs and the benefits of spurring innovation through procurement. A third perspective looks to various innovations in the procurement process itself, with a focus on the effects of joint and cross-border procurement in the EU and US landscapes. The chapters review new technologies and platforms, the increasingly automated means of selecting suppliers, and the related efficiencies that “big data” can bring to public procurement. Expanding on research in the editors’ prior volume, Integrity and Efficiency in Sustainable Public Contracts: Balancing Corruption Concerns in Public Procurement Internationally (Bruylant 2014), this volume builds on a series of academic conferences and exchanges to address these issues from sophisticated academic, institutional and practical perspectives, and to point the way to future research on the contractual models that are emerging from new procurement technologies.
Download or read book Annual Department of Defense Bibliography of Logistics Studies and Related Documents written by United States. Defense Logistics Studies Information Exchange and published by . This book was released on 1972 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Optimization of Logistics written by Alice Yalaoui and published by John Wiley & Sons. This book was released on 2012-12-13 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to help engineers, Masters students and young researchers to understand and gain a general knowledge of logistic systems optimization problems and techniques, such as system design, layout, stock management, quality management, lot-sizing or scheduling. It summarizes the evaluation and optimization methods used to solve the most frequent problems. In particular, the authors also emphasize some recent and interesting scientific developments, as well as presenting some industrial applications and some solved instances from real-life cases. Performance evaluation tools (Petri nets, the Markov process, discrete event simulation, etc.) and optimization techniques (branch-and-bound, dynamic programming, genetic algorithms, ant colony optimization, etc.) are presented first. Then, new optimization methods are presented to solve systems design problems, layout problems and buffer-sizing optimization. Forecasting methods, inventory optimization, packing problems, lot-sizing quality management and scheduling are presented with examples in the final chapters.
Download or read book The Engineering Index Annual written by and published by . This book was released on 1992 with total page 2264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since its creation in 1884, Engineering Index has covered virtually every major engineering innovation from around the world. It serves as the historical record of virtually every major engineering innovation of the 20th century. Recent content is a vital resource for current awareness, new production information, technological forecasting and competitive intelligence. The world?s most comprehensive interdisciplinary engineering database, Engineering Index contains over 10.7 million records. Each year, over 500,000 new abstracts are added from over 5,000 scholarly journals, trade magazines, and conference proceedings. Coverage spans over 175 engineering disciplines from over 80 countries. Updated weekly.
Download or read book Key to Economic Science and Managerial Sciences written by and published by . This book was released on 1984 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: Semi-monthly review (with annual indexes) of abstracts on economics, finance, trade, industry, foreign aid, management, marketing, labour.
Download or read book Managing Business Interfaces written by Amiya K. Chakravarty and published by Springer Science & Business Media. This book was released on 2006-03-03 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amiya Chakravarty is a big name in production manufacturing and Josh Eliashberg is a huge name in marketing. This is one of the first books that examines the interface of Marketing and Production, with the chapters written by well-known people in the field. Hardcover version published in December 2003.
Download or read book Strategy and Strategists written by James Cunningham and published by Oxford University Press, USA. This book was released on 2012-03-29 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt: Importantly, this stimulating text:
Download or read book Supply Chain written by Vedran Kordic and published by BoD – Books on Demand. This book was released on 2008-02-01 with total page 582 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
