Download or read book Network Methods for Inventory Management in Capacity Constrained Retail Stores written by Michael Reed Macmillan and published by . This book was released on 2016 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zara leads the fast-fashion industry introducing over 12,000 unique items per year [5], selling in over 2,000 stores and generating €11.6 Bn in yearly sales [8]. Critical to this success, Zara's Distribution Department continually focuses on improving the algorithms and programs which the company uses to move clothing through the supply chain. Demand variability and short product lifecycles make this task extremely challenging, especially when coupled with limited storage space in many Zara stores. This thesis helps stores which are challenged by low storage capacity and high consumer demand by testing three inventory management methods. The first method creates a virtual cost in the inventory redistribution algorithm, which decreases the likelihood that an over-capacity store will hold an item. This method decreased the amount of post transfer inventory by 15 % in capacity constrained stores while only experiencing a .1% loss of profits when compared to the current process. The second method opens new transfer routes for capacity constrained stores to move inventory into stores which benefit from the additional items, while reducing the non-performing stock at the capacity constrained store. These store to store routes quickly transfer items while reducing the stock of the origin store. The final method improves existing capacity returns, which automatically move inventory from capacity constrained stores back to the Distribution Center. The new method optimizes the selection of items to improve redistribution to other stores, resulting in additional full priced sales, while removing the same amount of items from the origin store. The implementation of these processes will reduce stock management problems experienced at Zara stores, while ensuring that other stores have the opportunity to sell at full price.
Download or read book Constrained Inventory Optimization on Complex Warehouse Networks written by Ioannis Spantidakis and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Online retailers increasingly face the problem of optimizing the inventory allocation of various products across a large network of warehouses. In most practical cases, the demand for these products is unknown, and product-level inventory available for distribution across the different warehouses is very limited. We first consider the problem of inventory allocation of multiple products, across a network of warehouses. This is a problem commonly faced by large fashion e-retailers. The objective is to minimize the overall shipment cost and to speed up deliveries to customers accounting for inventory constraints on the various products and capacity constraints of warehouses. We propose a multi-period, multi-product newsvendor formulation as well as an efficient solution algorithm that balances the tradeoff between overage and underage costs across time periods. We also establish the rate of convergence of the algorithm. Furthermore, and in collaboration with a fashion e-tailer, we perform a case study showing a reduction of 9% in inventory costs relative to the retailer's current method. We then turn our attention to inventory optimization across a network with cross-fulfillment. Optimizing this problem in such networks is an intractable problem. We resolve this by introducing a tractable algorithm. We introduce the concept of Fulfillment Rules in order to capture the fulfillment priorities of the retailer while at the same time allowing for a tractable approach to the inventory allocation problem that works for both continuous and discrete demand distributions. In the final chapter of the thesis, we tackle the issue of high dimensional data in the context of classification settings. We develop a new dimensionality reduction algorithm called Supervised Approach for Feature Engineering (SAFE), which is an alternative to Principal Component Analysis (PCA). SAFE finds uncorrelated, lower dimensional features in order to best explain differences among classes. This allows us to improve the speed and accuracy of the classification task.
Download or read book Networking and Telecommunications Concepts Methodologies Tools and Applications written by Management Association, Information Resources and published by IGI Global. This book was released on 2010-01-31 with total page 2130 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This multiple-volume publications exhibits the most up-to-date collection of research results and recent discoveries in the transfer of knowledge access across the globe"--Provided by publisher.
Download or read book Proceedings of the 17th International Conference on Industrial Engineering and Industrial Management ICIEIM XXVII Congreso de Ingenier a de Organizaci n CIO2023 written by Joaquín Bautista-Valhondo and published by Springer Nature. This book was released on with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Smart and Sustainable Supply Chain and Logistics Trends Challenges Methods and Best Practices written by Paulina Golinska-Dawson and published by Springer Nature. This book was released on 2020-12-12 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the critical contemporary issues of sustainability and integration of physical and information flow. It explores the digitalization of logistics processes and the need for a more integrated and a seamless cooperation in supply chain management, which are dominant trends in business practice. Moreover, it examines how the pressure for CO2 emission reductions and more resource- efficient business models influences the organization of logistics operations on both a local and global scale, demonstrating that integrating physical and cyber systems is necessary to achieve a more environmentally friendly, safe logistics and supply chain operations. In the individual chapters, the authors discuss the new qualitative and quantitative theoretical methods and models and also analyze case studies from business practice. This book provides valuable insights for academics, Ph.D. students and practitioners wishing to deepen their understanding of logistics operations and management.
Download or read book Operations Research and Management Science Handbook written by A. Ravi Ravindran and published by CRC Press. This book was released on 2016-04-19 with total page 900 pages. Available in PDF, EPUB and Kindle. Book excerpt: Operations Research (OR) began as an interdisciplinary activity to solve complex military problems during World War II. Utilizing principles from mathematics, engineering, business, computer science, economics, and statistics, OR has developed into a full fledged academic discipline with practical application in business, industry, government and m
Download or read book Artificial Intelligence Techniques for Networked Manufacturing Enterprises Management written by Lyes Benyoucef and published by Springer Science & Business Media. This book was released on 2010-05-10 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: Artificial Intelligence Techniques for Networked Manufacturing Enterprises Management addresses prominent concepts and applications of AI technologies in the management of networked manufacturing enterprises. The aim of this book is to align latest practices, innovation and case studies with academic frameworks and theories, where AI techniques are used efficiently for networked manufacturing enterprises. More specifically, it includes the latest research results and projects at different levels addressing quick-response system, theoretical performance analysis, performance and capability demonstration. The role of emerging AI technologies in the modelling, evaluation and optimisation of networked enterprises’ activities at different decision levels is also covered. Artificial Intelligence Techniques for Networked Manufacturing Enterprises Management is a valuable guide for postgraduates and researchers in industrial engineering, computer science, automation and operations research.
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 Computational Methods in Decision Making Economics and Finance written by Erricos John Kontoghiorghes and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 626 pages. Available in PDF, EPUB and Kindle. Book excerpt: Computing has become essential for the modeling, analysis, and optimization of systems. This book is devoted to algorithms, computational analysis, and decision models. The chapters are organized in two parts: optimization models of decisions and models of pricing and equilibria.
Download or read book Supply Chain Optimization Management and Integration Emerging Applications written by Wang, John and published by IGI Global. This book was released on 2010-11-30 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our rapidly changing world has forced business practitioners, in corporation with academic researchers, to respond quickly and develop effective solution methodologies and techniques to handle new challenges in supply chain systems. Supply Chain Optimization, Management and Integration: Emerging Applications presents readers with a rich collection of ideas from researchers who are bridging the gap between the latest in information technology and supply chain management. This book includes theoretical, analytical, and empirical research, comprehensive reviews of relevant research, and case studies of effective applications in the field of SCM. The use of new technologies, methods, and techniques are emphasized by those who have worked with supply chain management across the world for those in the field of information systems.
Download or read book Quantitative Methods written by Paolo Brandimarte and published by John Wiley & Sons. This book was released on 2012-01-03 with total page 812 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible introduction to the essential quantitative methods for making valuable business decisions Quantitative methods-research techniques used to analyze quantitative data-enable professionals to organize and understand numbers and, in turn, to make good decisions. Quantitative Methods: An Introduction for Business Management presents the application of quantitative mathematical modeling to decision making in a business management context and emphasizes not only the role of data in drawing conclusions, but also the pitfalls of undiscerning reliance of software packages that implement standard statistical procedures. With hands-on applications and explanations that are accessible to readers at various levels, the book successfully outlines the necessary tools to make smart and successful business decisions. Progressing from beginner to more advanced material at an easy-to-follow pace, the author utilizes motivating examples throughout to aid readers interested in decision making and also provides critical remarks, intuitive traps, and counterexamples when appropriate. The book begins with a discussion of motivations and foundations related to the topic, with introductory presentations of concepts from calculus to linear algebra. Next, the core ideas of quantitative methods are presented in chapters that explore introductory topics in probability, descriptive and inferential statistics, linear regression, and a discussion of time series that includes both classical topics and more challenging models. The author also discusses linear programming models and decision making under risk as well as less standard topics in the field such as game theory and Bayesian statistics. Finally, the book concludes with a focus on selected tools from multivariate statistics, including advanced regression models and data reduction methods such as principal component analysis, factor analysis, and cluster analysis. The book promotes the importance of an analytical approach, particularly when dealing with a complex system where multiple individuals are involved and have conflicting incentives. A related website features Microsoft Excel® workbooks and MATLAB® scripts to illustrate concepts as well as additional exercises with solutions. Quantitative Methods is an excellent book for courses on the topic at the graduate level. The book also serves as an authoritative reference and self-study guide for financial and business professionals, as well as readers looking to reinforce their analytical skills.
Download or read book CIMA E1 written by BPP Learning Media and published by BPP Learning Media. This book was released on 2013-01-01 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Enterprise Operations Practice & Revision Kit allows you to apply your knowledge by putting theory in to practice. It contains two complete mock exams, exam standard test questions and covers all the main syllabus areas including global business environment, information systems, operations management, marketing and managing human capital and provides plenty of advice on how to approach each. Through practice, you are equipped with the best techniques to face the exam and earn the maximum number of marks.
Download or read book New Perspectives in Healthcare written by Emerald Group Publishing Limited and published by Emerald Group Publishing. This book was released on 2015-10-30 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: A mixture of original research and thought leadership pieces combine to examine the changing landscape of the US healthcare system. This book provides researchers, professionals, managers and policy makers with a summary of how the US healthcare system has evolved and provides food for thought on how to prepare for the challenges of the future.
Download or read book Intelligent Computational Optimization in Engineering written by Mario Koeppen and published by Springer Science & Business Media. This book was released on 2011-07-15 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: We often come across computational optimization virtually in all branches of engineering and industry. Many engineering problems involve heuristic search and optimization, and, once discretized, may become combinatorial in nature, which gives rise to certain difficulties in terms of solution procedure. Some of these problems have enormous search spaces, are NP-hard and hence require heuristic solution techniques. Another difficulty is the lack of ability of classical solution techniques to determine appropriate optima of non-convex problems. Under these conditions, recent advances in computational optimization techniques have been shown to be advantageous and successful compared to classical approaches. This Volume presents some of the latest developments with a focus on the design of algorithms for computational optimization and their applications in practice. Through the chapters of this book, researchers and practitioners share their experience and newest methodologies with regard to intelligent optimization and provide various case studies of the application of intelligent optimization techniques in real-world applications.This book can serve as an excellent reference for researchers and graduate students in computer science, various engineering disciplines and the industry.
Download or read book Supply Chain Analytics written by Işık Biçer and published by Springer Nature. This book was released on 2023-06-27 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook offers a detailed account of analytical models used to solve complex supply chain problems. It introduces a unique risk analysis framework that helps the reader understand the sources of uncertainties and use appropriate models to improve decisions in supply chains. This framework illustrates the complete supply chain for a product and demonstrates the supply chain's exposure to demand, supply, inventory, and financial risks. Step by step, this book provides a detailed examination of analytical methods that optimize operational decisions under different types of uncertainty. It discusses stochastic inventory models, introduces uncertainty modeling methods, and explains methods for managing uncertainty. To help readers deepen their understanding, it includes access to various supplementary material including an online interactive tool in Python. This book is intended for undergraduate and graduate students of supply chain management with a focus on supply chain analytics. It also prepares practitioners to make better decisions in this field.
Download or read book The Definitive Guide to Supply Chain Best Practices written by Robert M. Frankel and published by Pearson Education. This book was released on 2014 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demand management in the supply chain. Supply chain network design and analysis. Risk and uncertainty in the supply chain.
Download or read book DATA ANALYTICS written by Dr. Manish Kumar and published by Archers & Elevators Publishing House. This book was released on with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:
