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Inventory management systems: Control and information issues
- Research Group: Operations Research
- Econometrics and Operations Research
Research output : Thesis › Doctoral Thesis
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- control system Earth & Environmental Sciences 100%
- information system Earth & Environmental Sciences 98%
- demand Earth & Environmental Sciences 66%
- thesis Earth & Environmental Sciences 27%
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- product Earth & Environmental Sciences 12%
T1 - Inventory management systems
T2 - Control and information issues
AU - Janssen, F.B.S.L.P.
N2 - This dissertation addresses the management of inventory systems. The thesis starts with an exposition on mathematical models that can be used in inventory theory. Then we deal with some information issues related to the demand process. Namely, how to control products that have intermittent demand. Moreover, we investigated the impact of data collection on the customer performance. Next, we investigated to what extend multiple-sourcing can lead to improvements of the inventory system. Finally two demand management strategies are investigated for smoothing demand. The first re-routes large customer orders to alternative stockpoint, whereas the second strategy splits a customer order in a time-phased delivery scheme.
AB - This dissertation addresses the management of inventory systems. The thesis starts with an exposition on mathematical models that can be used in inventory theory. Then we deal with some information issues related to the demand process. Namely, how to control products that have intermittent demand. Moreover, we investigated the impact of data collection on the customer performance. Next, we investigated to what extend multiple-sourcing can lead to improvements of the inventory system. Finally two demand management strategies are investigated for smoothing demand. The first re-routes large customer orders to alternative stockpoint, whereas the second strategy splits a customer order in a time-phased delivery scheme.
M3 - Doctoral Thesis
SN - 9056680412
T3 - CentER Dissertation Series
PB - CentER, Center for Economic Research
CY - Tilburg
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- Advances in Inventory Management Dynamic Models
Advances in Inventory Management Dynamic Models Defended on Thursday, 24 June 2010
In this study, we develop and analyze models incorporating some of the dynamic aspects of inventory systems. In particular, we focus on two major themes to be analyzed separately: nonstationarity in demand rate and unfixed purchasing prices.
In the first part of the study, we consider an inventory system with a nonstationary demand rate. In particular, we consider critical service parts subject to obsolescence. Inventory management of such items is notoriously difficult due to their slow moving character and the high risks involved when they are not available or no more needed.
In practice, there is a need for policies tailored for service parts taking these aspects into account and easy to implement. We propose an obsolescence based control policy and investigate its performance and impact on costs. We find that ignoring obsolescence in the control policy increases costs significantly and early adaptation of base stock levels can lead to important savings.
In the second part of the study, we consider an inventory system where the supplier offers price discounts at random points in time. We extend the literature by assuming a more general backordering structure. That is, when the system is out of stock, an arriving customer either decides to be backlogged with a certain probability or leaves the system and becomes a lost sale. We derive equations to calculate optimal policy parameters and demonstrate that allowing backorders in face of random deal offerings can result in considerable savings.
inventory management, nonstationary demand, obsolescence, service parts, base stock policy, advance policy change, excess stock, installed base, random deal offerings, price discounts, partial backorders
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Supply Chain Management of Blood Banks
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- William P. Pierskalla 5
Part of the book series: International Series in Operations Research & Management Science ((ISOR,volume 70))
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The chapter starts with a strategic overview of the blood banking supply chain. We then proceed to ask and answer questions concerning (i) the blood banking functions that should be performed and at what locations, (ii) which donor areas and transfusion services should be assigned to which community blood centers, (iii) how many community blood centers should be in a region, (iv) where they should be located and (v) how supply and demand should be coordinated. Then the many tactical operational issues involved in collecting blood, producing multiple products, setting and controlling inventory levels, allocating blood to hospitals, delivery to multiple sites, and making optimal decisions about issuing, crossmatching, and crossmatch releasing blood and blood products are presented. The chapter concludes with areas for future research.
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Inventory Management in Blood Banks
Operational Risk Management in the Supply Chain of Blood Products
Blood Supply Chain Management and Future Research Opportunities
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Pierskalla, W.P. (2005). Supply Chain Management of Blood Banks. In: Brandeau, M.L., Sainfort, F., Pierskalla, W.P. (eds) Operations Research and Health Care. International Series in Operations Research & Management Science, vol 70. Springer, Boston, MA. https://doi.org/10.1007/1-4020-8066-2_5
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List of Latest Inventory Management Research Topics from Experts
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Optimization Models in Inventory Management
Complex numerical and computational systems are required for stock administration improvement models. These models seek the most cost-effective strategies to minimize expenses while maintaining adequate supply levels. Analysts examine numerous streamlining procedures such as powerful programming, straight programming, and stochastic models to plan solid structures for associations. It is fundamental for common sense application to evaluate the usefulness and cutoff thresholds of these models.
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The combination of specialized progressions and inventory management opens up new opportunities for businesses looking to expand their inventory network duties. Scientists are investigating how cutting-edge arrangements like the Web of Things (IoT), Radio-Recurrence Recognizable proof (RFID), and Man-made brainpower (computer-based intelligence) might upend traditional stock control techniques as innovation advances.
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Abstract Title: Inventory management: a high-level analysis of selected process elements, and factors impacting plan performance - A case study at Alfa Laval Purpose: The purpose of this thesis is to increase the effectiveness of the case company, Alfa Laval's, inventory management by finding challenges, opportunities, and gaps within their current inventory management practices.
addition, it provides an outline of the thesis chapters, offering a roadmap for the reader to better understand the key components and results of this academic work. 1.1. Motivation Effective inventory management is critical to organizations operating in today's complex and competitive global supply chains. Striking a balance between
eters in the demand model. In particular, we combine inventory management and parameter estimation into a single task to balance the costs of under- and overes-timation of the optimal inventory target. In the third study, we focus on nding a probabilistic guarantee on the near-optimality of an inventory-target estimator in the
Keywords: Inventory management, inventory improvements, inventory turnover ratio, safety stock, safety stock determination This master's thesis develops a mathematical model to determine safety stock and inventory target levels in a realistic environment. In the selection of an appropriate formula
While the metrics above are encouraging, developing an inventory management system is only a first step toward improving inventory management and increasing profitability. Chapter 5 describes a number of preliminary insights available to ShopSabre through the data generated by inFlow.
Figure 25. Purchases, demand and inventory level of item 2 in 2015 Figure 26. Purchases, demand and inventory level of item 3 in 2015 Figure 27. Purchases, demand and inventory level of item 4 in 2015 Figure 28. Item 1 numbers used for calculating ROP, SS and EOQ. Figure 29. Potential improvement in inventory level for item 1 compared to 2015 ...
inventory management practice is a must for a company ' s inventory management performance. Gill, Biger, and Mathur ( 2010 ) argue that excess inventory is an operational liability, because it
Abstract. This dissertation addresses the management of inventory systems. The thesis starts with an exposition on mathematical models that can be used in inventory theory. Then we deal with some information issues related to the demand process. Namely, how to control products that have intermittent demand.
Video (online) Consult the top 50 dissertations / theses for your research on the topic 'Inventory management.'. Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA ...
In this study, we develop and analyze models incorporating some of the dynamic aspects of inventory systems. In particular, we focus on two major themes to be analyzed separately: nonstationarity in demand rate and unfixed purchasing prices. In the first part of the study, we consider an inventory system with a nonstationary demand rate. In particular, we consider critical service parts ...
The first chapter gives an introduction of the background of this study. Furthermore it gives an explanation of company's problems. Then the research questions and purpose of this thesis are presented. The chapter ends with the delimitation of this study and the outline of following chapters.
Inventory management is very crucial to any organization that is improving on its performance and attaining high levels of customer satisfaction. ... Ethiopia. Now he is a PhD candidate at Punjab University in the Department of Business Studies, India. References. Adeyemi, S. L. (2010). Inventory management: A tool of optimizing resources in a ...
SCM is the process of managing the components of the supply chain to ensure efficient delivery of goods and services to customers. (Kirovska et al., 2016). SCM strategies encompass a broad spectrum of topics including. (a) customer demand, (b) supplier lead time, and (c) inventory management (Kirovska et. al., 2016).
2.2 Objective of Inventory Management 12 2.3 Need of Holding Inventory 13 2.4 Evils for Excess Inventory 14 2.5 Factors affecting Inventory Management 14 2.6 Inventory Cost 15 2.7 Technical Framework 18 2.7.1 Inventory Model 19 2.7.2 Economic Order Quantity 20 2.7.2.1 Purchasing 25 2.7.2.2 Store Keeping 26 2.7.2.3 Issuing and Pricing 28
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understanding and strategy about inventory management. Inventory management has significance for an enterprise in an inventory intensive manufacturing industry (Rajeev, 2008). In this research, the researcher aimed to know the relationship between inventory management and organizational performance of manufacturing company in Melaka.
The primary objective of the present research, which investigated consumer behavior regarding the storage of clothing items no longer worn, was to develop a model that describes and explains the process of consumer clothing inventory management. Data were collected via in-depth interviews of twenty-two adult female and male informants.
Consult the top 50 dissertations / theses for your research on the topic 'Inventory management model.' Next to every source in the list of references, there is an 'Add to bibliography' button.
The purpose of this thesis was to investigate the possibilities for an integrated inventory management system. The inventory management system should be possible to integrate with existing systems while offering features that can be expected of such systems today.
A Case Study on "Inventory Management" of Unilever Ltd. and its Impact on Profitability and found the thesis to be the original work of the student written according to the prescribed format. We recommend the thesis to be accepted as partial fulfillment for Master's Degree in Business Studies (M.B .S.) Viva-Voce Committee
Inventory Management for a Perishable Product Multi-Echelon System. PhD Dissertation, Department of Industrial Engineering and Management Science, Northwestern University, Evanston, IL. Google Scholar Elston, R.C. and J.C. Pickrel (1963). A statistical approach to ordering and usage policies for a hospital blood bank.
PhD. Game Hypothesis Applications in Production network Stock. PhD. Manageability in Stock Administration: A Thorough Report. PhD. Mental Registering and Man-made brainpower in Stock Advancement. PhD. Cross-disciplinary Points of view on Stock Control. Choose the best inventory management research topics and ideas curated by industry experts!
If you want to write a world-class dissertation topic that instantly gets approved, you can take advantage of our list of the best 2020 dissertation topics. TYPE. SUBJECT. BA. The effects of inventory management on the inventory turnover ratio of organizations. BA.