Inventory redistribution for fashion products under demand parameter update

Demand for fashion products is usually highly uncertain. Often, there is only one possibility for procurement before the selling season. In order to improve the traditional newsvendor-type overage-underage trade-off we study a network of two expected profit maximizing retailers selling a fashion product where there is an additional opportunity for redistribution of stock during the selling season. We distinguish between the situation where redistribution is done at the moment when one of the retailers is running out of stock and the situation where the redistribution time is already determined and fixed before the selling season. We model the demand process at a retailer by a Poisson Process with an uncertain mean and use a Bayesian approach to update the distribution parameters before transshipments are done. In a numerical study we compare the different policies and show that timing flexibility and updating are especially beneficial in situations with low profit margins and high parameter uncertainty. Further, we show that depending on the instance, an optimal predetermined transshipment timing depends on the problem parameters and may be between the middle and the end of the selling season

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http://archive.org/details/combininglevelof00watrNAN

Sensor data-based decision making

Increasing globalization and growing industrial system complexity has amplified the interest in the use of information provided by sensors as a means of improving overall manufacturing system performance and maintainability. However, utilization of sensors can only be effective if the real-time data can be integrated into the necessary business processes, such as production planning, scheduling and execution systems. This integration requires the development of intelligent decision making models that can effectively process the sensor data into information and suggest appropriate actions. To be able to improve the performance of a system, the health of the system also needs to be maintained. In many cases a single sensor type cannot provide sufficient information for complex decision making including diagnostics and prognostics of a system. Therefore, a combination of sensors should be used in an integrated manner in order to achieve desired performance levels. Sensor generated data need to be processed into information through the use of appropriate decision making models in order to improve overall performance. In this dissertation, which is presented as a collection of five journal papers, several reactive and proactive decision making models that utilize data from single and multi-sensor environments are developed. The first paper presents a testbed architecture for Auto-ID systems. An adaptive inventory management model which utilizes real-time RFID data is developed in the second paper. In the third paper, a complete hardware and inventory management solution, which involves the integration of RFID sensors into an extremely low temperature industrial freezer, is presented. The last two papers in the dissertation deal with diagnostic and prognostic decision making models in order to assure the healthy operation of a manufacturing system and its components. In the fourth paper a Mahalanobis-Taguchi System (MTS) based prognostics tool is developed and it is used to estimate the remaining useful life of rolling element bearings using data acquired from vibration sensors. In the final paper, an MTS based prognostics tool is developed for a centrifugal water pump, which fuses information from multiple types of sensors in order to take diagnostic and prognostics decisions for the pump and its components --Abstract, page iv

Extending the Aircraft Availability Model to a Constrained Depot Environment Using Activity-Based Costing and the Theory of Constraints

The Aircraft Availability Model (AAM) assists managers in the selection of an optimal list of items to repair in order to attain the best aircraft availability rate. The model considers procurement or repair costs for the components as if the costs were unit variable as a price, instead of a repair cost representing a mix of both fixed and variable cost. This research used the AAM in conjunction with Activity Based-Costing (ABC) and The Theory of Constraints (TOC) methodologies to investigate the relationships between price, product mix, Aircraft Availability (AA) and total cost. This approach explicitly recognizes that the Air Force Material Command uses its own resources in repairing components, and that it is always operating in a constrained environment in which resources practical capacities are exceeded by requirements that limit the attainable AA. The results of this investigation shows that the choice of the optimal mix of reparable items is sensitive to the pricing method used as well as environmental factors like repair cycle time, fleet size, and the intensity and balanced of shop resource load. In addition, the research found that the performance of the repair center should be evaluated under the metric Aircraft Availability per System Total Cost, following the rationale under the TOC methodology that considers labor costs as operational expenses, fixed in the period, and only raw materials as variable costs

Department of Defense Dictionary of Military and Associated Terms

The Joint Publication 1-02, Department of Defense Dictionary of Military and Associated Terms sets forth standard US military and associated terminology to encompass the joint activity of the Armed Forces of the United States. These military and associated terms, together with their definitions, constitute approved Department of Defense (DOD) terminology for general use by all DOD components