28 research outputs found

    Comprehensive Analysis and Review of Particle Swarm Optimization Techniques and Inventory System

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    The main aim of this study work is to discuss the applications of Particle Swarm Optimization (PSO) Techniques and inventory system in engineering and science. Holding and dealing with of a stock item is one of the crucial work for minimum cost and the control running of any commercial enterprise corporation to be it a five-star hotel, a publication house, a production enterprise or a hospital. PSO has numerous application in the area of commercial enterprise and industries. Inventories constitute a huge part of the entire belongings of a corporation, and enormous attempt is needed to manipulate the inventories. In the provision of very restrained assets in nations like India, Sri Lanka, Nepal, Bhutan, Bangladesh, Pakistan, etc., then an obligation of usage of assets with the most efficient way need to be prioritized. Therefore, the control of the substances and stock manipulate play an essential position with the control of productivity. It is hoped that this discussion would be important for researchers using PSO with inventory control

    Imperfect quality items in inventory and supply chain management

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    The assumption that all items are of good quality is technologically unattainable in most supply chain applications. Moreover, inventory theories are often built upon the assumption that the rates of demand, screening, deterioration and defectiveness are constant and known, even though this is rarely the case in practice. In addition, the classical formulation of a two-warehouse inventory model is often based on the Last-In-First-Out (LIFO) or First-In-First-Out (FIFO) dispatching policy. The LIFO policy relies upon inventory stored in a rented warehouse (RW), with an ample capacity, being consumed first, before depleting inventory of an owned warehouse (OW) that has a limited capacity. Consumption works the other way around for the FIFO policy. This PhD research aims to advance the current state of knowledge in the field of inventory mathematical modelling and management by means of providing theoretically valid and empirically viable generalised inventory frameworks to assist inventory managers towards the determination of optimum order/production quantities that minimise the total system cost. The aim is reflected on the following six objectives: 1) to explore the implications of the inspection process in inventory decision-making and link such process with the management of perishable inventories; 2) to derive a general, step-by-step solution procedure for continuous intra-cycle periodic review applications; 3) to demonstrate how the terms “deterioration”, “perishability” and “obsolescence” may collectively apply to an item; 4) to develop a new dispatching policy that is associated with simultaneous consumption fractions from an owned warehouse (OW) and a rented warehouse (RW). The policy developed is entitled “Allocation-In-Fraction-Out (AIFO)”; 5) to relax the inherent determinism related to the maximum fulfilment of the capacity of OW to maximising net revenue; and 6) to assess the impact of learning on the operational and financial performance of an inventory system with a two-level storage. Four general Economic Order Quantity (EOQ) models for items with imperfect quality are presented. The first model underlies an inventory system with a singlelevel storage (OW) and the other three models relate to an inventory system with a two-level storage (OW and RW). The three models with a two-level storage underlie, respectively, the LIFO, FIFO and AIFO dispatching policies. Unlike LIFO and FIFO, AIFO implies simultaneous consumption fractions associated with RW and OW. That said, the goods at both warehouses are depleted by the end of the same cycle. This necessitates the introduction of a key performance indicator to trade-off the costs associated with AIFO, LIFO and FIFO. Each lot that is delivered to the sorting facility undergoes a 100 per cent screening and the percentage of defective items per lot reduces according to a learning curve. The mathematical formulation reflects a diverse range of time-varying forms. The behaviour of time-varying demand, screening and deterioration rates, defectiveness, and value of information (VOI) are tested. Special cases that demonstrate application of the theoretical models in different settings lead to the generation of interesting managerial insights. For perishable products, we demonstrate that LIFO and FIFO may not be the right dispatching policies. Further, relaxing the inherent determinism of the maximum capacity associated with OW, not only produces better results and implies comprehensive learning,but may also suggest outsourcing the inventory holding through vendor managed inventory

    Efficient inventory control for imperfect quality items

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    In this paper, we present a general EOQ model for items that are subject to inspection for imperfect quality. Each lot that is delivered to the sorting facility undertakes a 100 per cent screening and the percentage of defective items per lot reduces according to a learning curve. The generality of the model is viewed as important both from an academic and practitioner perspective. The mathematical formulation considers arbitrary functions of time that allow the decision maker to assess the consequences of a diverse range of strategies by employing a single inventory model. A rigorous methodology is utilised to show that the solution is a unique and global optimal and a general step-by-step solution procedure is presented for continuous intra-cycle periodic review applications. The value of the temperature history and flow time through the supply chain is also used to determine an efficient policy. Furthermore, coordination mechanisms that may affect the supplier and the retailer are explored to improve inventory control at both echelons. The paper provides illustrative examples that demonstrate the application of the theoretical model in different settings and lead to the generation of interesting managerial insights

    Sviluppo di modelli decisionali per la supply chain di prodotti deperibili mediante l’applicazione di tecnologie innovative

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    The supply chain of perishable products, as fruits and vegetables is affected by environmental abuses from harvest to the final destination which are responsible the uncontrolled deterioration of food. In order to reduce such phenomena the supply chain members should control and monitor the conditions of goods in order to ensure their quality for consumers and to comply with all legal requirements (Garcia Ruiz, 2008). The most important factor influencing the food quality is the temperature able to prolonging the shelf life of the products. Since the temperature can inhibit or promote the maturation and deterioration process, this parameter is involved both in the growing process of fruits and vegetables and in the transport and storage stages. Given this the aim of the present thesis is to show that the monitoring of such parameter during the pre and post harvest stages allows to improve the decision making process. In the context of temperature monitoring the introduction of emerging information technologies such as the Wireless Sensors Networks and the Radio Frequency Identification can now provide real-time status knowing of product managed. The real time monitoring can be of great help in the definition of the actual maturation level of products both in the field and during the cold chain. The suitability of such an approach is evaluated by means of case studies. The first case study concerns the monitoring of grapes growth directly in the vineyard. The suitability of Wireless Sensors Networks in the monitoring of the grapes growth process is evaluated in terms of the possibility to determine the date of starting or ending of phenological phases. This information allows to make faster decisions about the vineyard operations which must be performed during the grape growth and finally allows to predict the maturation date in order to optimize the harvest operations. In the next case study the possibility to apply the Radio Frequency Identification technology to the monitoring of the fresh fruits along the cold chain has been faced and the quality of the products at any stage of the supply chain has been determined through a mathematical model. The knowing of the current quality level allows to make decisions about the destination of products. In this case those products having a shorter shelf life can be distributed to a local market while those with longer shelf life can be distributed to more distant location. In the next case study the information about the current deterioration state of perishable products has been translated into a warehouse management system in order to determine the operational parameters able to optimize the quality of products stored. Even in this case the goal of the study was to provide a decision making tool for the proper management of the perishable products stored. However besides the advantages achievable by the real time evaluation of environmental conditions the costs involved with the implementation of innovative technologies must be determined in order to establish the suitability of the investment in such innovative technologies. The present thesis also faces this question by determining the optimal number of devices to apply to the stock keeping unit in order to minimize the total cost associated to the transferring batch from the producer to the distributor. In this case the methodology employed is that of a mathematical model including all costs associated to the product management. Finally the study conducted through the present thesis shows that in all of the cases treated the use of the innovative technologies allows to support the decision making process in the pre and post harvest phases thus improving the perishables management

    Mathematical Methods and Operation Research in Logistics, Project Planning, and Scheduling

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    In the last decade, the Industrial Revolution 4.0 brought flexible supply chains and flexible design projects to the forefront. Nevertheless, the recent pandemic, the accompanying economic problems, and the resulting supply problems have further increased the role of logistics and supply chains. Therefore, planning and scheduling procedures that can respond flexibly to changed circumstances have become more valuable both in logistics and projects. There are already several competing criteria of project and logistic process planning and scheduling that need to be reconciled. At the same time, the COVID-19 pandemic has shown that even more emphasis needs to be placed on taking potential risks into account. Flexibility and resilience are emphasized in all decision-making processes, including the scheduling of logistic processes, activities, and projects

    Application of Optimization in Production, Logistics, Inventory, Supply Chain Management and Block Chain

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    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

    Integrated Production and Distribution planning of perishable goods

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    Tese de doutoramento. Programa Doutoral em Engenharia Industrial e GestĂŁo. Faculdade de Engenharia. Universidade do Porto. 201
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