Multi Unit Spares Inventory Control-Three Dimensional (MUSIC 3D) Approach to Inventory Management
نویسندگان
چکیده
منابع مشابه
Risk Based Optimisation of Spares Inventory Management
Spare parts inventories assist maintenance staff to keep equipment in operating condition. Thus the level of spares stocked has a direct bearing on machine availability. This paper presents an innovative risk based approach for spare parts inventory optimisation. Research presented here is in response to a real-life problem of developing a methodology for optimising the stocking of spare parts ...
متن کاملA Single-Unit Decomposition Approach to Multi-Echelon Inventory
We show the optimality of state dependent echelon base stock policies in uncapacitated serial inventory systems with Markov modulated demand and Markov modulated stochastic leadtimes in the absence of order crossing. Our results cover finite time horizon problems as well as infinite time horizon formulations, with either a discounted or an average cost criterion. We employ a novel approach, bas...
متن کاملRobust multi-echelon multi-period inventory control
We consider the problem of minimizing the overall cost of a supply chain, over a possibility long horizon, under demand uncertainly which is known only crudely. Under such circumstances, the method of choice is Robust Optimization, in particular the Affinely Adjustable Robust Counterpart (AARC) method which leads to tractable deterministic optimization problems. The latter is due to a recent re...
متن کاملA Simulation Model for Multi-Product Inventory Control Management
A simulation based-decision support system for multi-product inventory control management is developed. The system permits management to obtain an inventory system-wide view of the effect of changes in decision variables on the performance measures of a furniture manufacturing firm. The simulation model considers the effect of variations in demand, reorder point, stock-control level, time betwe...
متن کاملMulti-echelon inventory control in supply chain management (SCM)
Inventory is lifeblood in an organization. Multiechelon inventory of Olympia paper mill, Khyber Pakhtonkhwa is optimized by efficient management of the organizational supply chain (SC). A supply chain is designed starting from raw material receiving from supplier up to finished good delivered to the customer. The on-going setup of the selected organization is traditional based on the experience...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Jurnal Matematika "MANTIK"
سال: 2019
ISSN: 2527-3167,2527-3159
DOI: 10.15642/mantik.2019.5.1.19-27