Management Of Stochastic Demand In Make To Stock Manufacturing
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Management of Stochastic Demand in Make-to-Stock Manufacturing by Rainer Quante Pdf
Up to now, demand fulfillment in make-to-stock manufacturing is usually handled by advanced planning systems. Orders are fulfilled on the basis of simple rules or deterministic planning approaches not taking into account demand fluctuations. The consideration of different customer classes as it is often done today requires more sophisticated approaches explicitly considering stochastic influences. This book reviews current literature, presents a framework that addresses revenue management and demand fulfillment at once and introduces new stochastic approaches for demand fulfillment in make-to-stock manufacturing based on the ideas of the revenue management literature.
Demand Fulfillment in Multi-Stage Customer Hierarchies by Sebastian Vogel Pdf
This book extends the existing demand fulfillment research by considering multi-stage customer hierarchies. Basis is a two-step allocation and consumption planning procedure. In the existing literature, it is assumed that the customer segments are ‘flat’. This means they can be sorted easily during the allocation planning step by a single central planner in decreasing order of profitability. In the subsequent consumption planning phase, if order requests differ in terms of profit margins, companies can render prioritized service in real time to their most profitable customers by consuming the reserved quotas.
Capacity and Inventory Planning for Make-to-Order Production Systems by Klaus Altendorfer Pdf
The book presents different models for the simultaneous optimization problem of capacity investment and work release rule parameterization. The overall costs are minimized either including backorder costs or considering a service level constraint. The available literature is extended with the integration of a distributed customer required lead time in addition to the actual demand distribution. Furthermore, an endogenous production lead time is introduced. Different models for make-to-order production systems with one or multiple serial processing stages are developed. Capacity investment is linked to the processing rates of the machines or to the number of the machines. Results are equations for service level, tardiness, and FGI lead time in such a production system. For special cases with M/M/1 and M/M/s queues explicit solutions of the optimization problems or optimality conditions concerning capacity investment and work release rule parameterization are provided.
Supply Chain Management and Advanced Planning by Hartmut Stadtler,Christoph Kilger,Herbert Meyr Pdf
Supply Chain Management, Enterprise Resources Planning (ERP), and Advanced Planning Systems (APS) are important concepts in order to organize and optimize the flow of materials, information and financial funds. This book, already in its fifth edition, gives a broad and up-to-date overview of the concepts underlying APS. Special emphasis is given to modeling supply chains and implementing APS successfully in industry. Understanding is enhanced by several case studies covering APS from various software vendors. The fifth edition contains updated material, rewritten chapters and an additional case study.
Perspectives on Operations Research by Martin Morlock,Christoph Schwindt,Norbert Trautmann,Jürgen Zimmermann Pdf
This volume presents state-of-the-art models, algorithms, and applications of quantitative methods in management and economics. The papers are clustered into four parts, focusing on optimization issues, applications of Operations Research in production and service management, applications of Operations Research in logistics, and interdisciplinary approaches.
The goal of Inventory Management will be to explain the dynamics of inventory management's principles, concepts, and techniques as they relate to the entire supply chain (customer demand, distribution, and product transformation processes). The interrelationships of all functions will be defined. The book concentrates on understanding the many ramifications of inventory management. In today's competitive business environment, inventory management has proven to be most critical, and this book is directed to the management of inventory to assist in better understanding the body of knowledge required to operate in a competitive world. Almost all functions such as sales, engineering, and accounting have an impact and are impacted by inventory management. The book will assist in the training of students as well as APICS CPIM (Certified in Production and Inventory Management) candidates. As such it will not only be a textbook, but also a desk reference for those employees responsible for controlling inventories, and thereby assist in reducing cost, improving customer service, and maximizing capacity. Each chapter concludes with a case study and suggested solution. The case studies tell the story of a growing company, Smith Industries, and the related inventory management problems it had to address. The problems addressed relate to the subject matter of the chapter.
Service Parts Management by Nezih Altay,Lewis A. Litteral Pdf
With the pressure of time-based competition increasing, and customers demanding faster service, availability of service parts becomes a critical component of manufacturing and servicing operations. Service Parts Management first focuses on intermittent demand forecasting and then on the management of service parts inventories. It guides researchers and practitioners in finding better management solutions to their problems and is both an excellent reference for key concepts and a leading resource for further research. Demand forecasting techniques are presented for parametric and nonparametric approaches, and multi echelon cases and inventory pooling are also considered. Inventory control is examined in the continuous and periodic review cases, while the following are all examined in the context of forecasting: • error measures, • distributional assumptions, and • decision trees. Service Parts Management provides the reader with an overview and a detailed treatment of the current state of the research available on the forecasting and inventory management of items with intermittent demand. It is a comprehensive review of service parts management and provides a starting point for researchers, postgraduate students, and anyone interested in forecasting or managing inventory.
Revenue Management in Manufacturing by Danilo Zatta Pdf
This book focuses on the application of revenue management in the manufacturing industry. Though previous books have extensively studied the application of revenue management in the service industry, little attention has been paid to its application in manufacturing, despite the fact that applying it in this context can be highly profitable and instrumental to corporate success. With this work, the author demonstrates that the manufacturing industry also fulfills the prerequisites for the application of revenue management. The book includes a summary of empirical studies that effectively illustrate how revenue management is currently being applied across Europe and North America, and what the profit potential is.
Principles of Inventory Management by John A. Muckstadt,Amar Sapra Pdf
Inventories are prevalent everywhere in the commercial world, whether it be in retail stores, manufacturing facilities, government stockpile material, Federal Reserve banks, or even your own household. This textbook examines basic mathematical techniques used to sufficiently manage inventories by using various computational methods and mathematical models. The text is presented in a way such that each section can be read independently, and so the order in which the reader approaches the book can be inconsequential. It contains both deterministic and stochastic models along with algorithms that can be employed to find solutions to a variety of inventory control problems. With exercises at the end of each chapter and a clear, systematic exposition, this textbook will appeal to advanced undergraduate and first-year graduate students in operations research, industrial engineering, and quantitative MBA programs. It also serves as a reference for professionals in both industry and government worlds. The prerequisite courses include introductory optimization methods, probability theory (non-measure theoretic), and stochastic processes.
Handbook of Stochastic Models and Analysis of Manufacturing System Operations by J. MacGregor Smith,Barış Tan Pdf
This handbook surveys important stochastic problems and models in manufacturing system operations and their stochastic analysis. Using analytical models to design and control manufacturing systems and their operations entail critical stochastic performance analysis as well as integrated optimization models of these systems. Topics deal with the areas of facilities planning, transportation, and material handling systems, logistics and supply chain management, and integrated productivity and quality models covering: • Stochastic modeling and analysis of manufacturing systems • Design, analysis, and optimization of manufacturing systems • Facilities planning, transportation, and material handling systems analysis • Production planning, scheduling systems, management, and control • Analytical approaches to logistics and supply chain management • Integrated productivity and quality models, and their analysis • Literature surveys of issues relevant in manufacturing systems • Case studies of manufacturing system operations and analysis Today’s manufacturing system operations are becoming increasingly complex. Advanced knowledge of best practices for treating these problems is not always well known. The purpose of the book is to create a foundation for the development of stochastic models and their analysis in manufacturing system operations. Given the handbook nature of the volume, introducing basic principles, concepts, and algorithms for treating these problems and their solutions is the main intent of this handbook. Readers unfamiliar with these research areas will be able to find a research foundation for studying these problems and systems.
Author : Edward A. Silver,David F. Pyke,Douglas J. Thomas Publisher : CRC Press Page : 810 pages File Size : 53,8 Mb Release : 2016-12-19 Category : Business & Economics ISBN : 9781466558625
Inventory and Production Management in Supply Chains by Edward A. Silver,David F. Pyke,Douglas J. Thomas Pdf
Authored by a team of experts, the new edition of this bestseller presents practical techniques for managing inventory and production throughout supply chains. It covers the current context of inventory and production management, replenishment systems for managing individual inventories within a firm, managing inventory in multiple locations and firms, and production management. The book presents sophisticated concepts and solutions with an eye towards today’s economy of global demand, cost-saving, and rapid cycles. It explains how to decrease working capital and how to deal with coordinating chains across boundaries.
Best Practice in Inventory Management by Antony Wild Pdf
Covering both the principles and practice of stock control, Antony Wild's guide presents practical ideas for businesses that need to improve their control and reduce their excessive inventories.
In 2012, a Forestry Special Interest Group (FSIG) was founded within the Canadian Operational Research Society (CORS). Besides a general commitment to promoting the application of operational research (OR) to forest management and forest products industry problems, the FSIG has two concrete mandates: organizing the forestry cluster at the annual CORS conference, and managing the editorial process for forestry-themed special issues of INFOR. The FSIG has been very successful in the first of these two mandates, with record attendance at the forestry cluster over the last four years, hosting of several special sessions, financial and in-kind support from the NSERC Strategic Network on Value Chain Optimization (VCO), and the inauguration of the David Martell Student Paper Prize in Forestry (DMSPPF). This is the first compilation of forestry-themed papers since the inauguration of the CORS FSIG. The six pieces selected for the special issue, now published as a book, feature applications of OR to a wide range of forest management and forest products industry contexts, including supply-chain planning, lumber production planning, demand-driven harvest and transportation planning, and fire-aware wood supply planning. This book was originally published as a special issue of the INFOR: Information Systems and Operational Research journal.
Manufacturing Planning and Control for Supply Chain Management by F. Robert Jacobs,William Lee Berry,D. Clay Whybark,Thomas E. Vollmann Pdf
The definitive guide to manufacturing planning and control--FULLY REVISED AND UPDATED FOR THE CPIM EXAM Improve supply chain effectiveness, productivity, customer satisfaction, and profitability with help from this authoritative resource. Completely up-to-date, Manufacturing Planning and Control for Supply Chain Management: APICS/CPIM Certification Edition offers comprehensive preparation for the challenging CPIM exam with hundreds of practice exam questions and detailed case studies. In-depth coverage of manufacturing planning and control (MPC) best practices and the latest research gives you the competitive advantage in today's global manufacturing environment, and helps you to obtain the coveted CPIM designation. Covers the state of the art in manufacturing, including: Manufacturing planning and control Enterprise resource planning Demand management Forecasting Sales and operations planning Master production scheduling Material requirements planning Capacity planning and management Production activity control Advanced scheduling Just-in-time Distribution requirements planning Management of supply chain logistics Order point inventory control methods Strategy and MPC system design
World Class Production and Inventory Management by Darryl V. Landvater Pdf
The definitive guide to the latest tools & techniques forachieving performance excellence in manufacturing, distribution,and planning Now completely revised and expanded, World ClassProduction and Inventory Management presents the latest informationon the unique tools and techniques needed to manage the planningand production of a manufacturing enterprise. Including acompletely new chapter on Efficient Consumer Response (ECR),updated case studies, and additional information on manufacturingintegration, this comprehensive reference includes: * Step-by-step implementation techniques in each key area ofproduction and inventory management * Fresh perspectives on manufacturing integration and multipledemand stream management * Best-in-class examples from companies such as AbbottLaboratories, Boeing, and Martin Marietta * Proven guidelines for avoiding the most common problems and forachieving continually higher levels of performance * Self-assessment questions helpful in measuring the performance ofyour company in each operating area Comprehensive and accessible, World Class Production and InventoryManagement is an invaluable resource for APICS members seeking CPIMcertification, as well as for all those in charge of managing asuccessful manufacturing enterprise.