Showing 1 - 10 of 123
Sequencing unit load retrieval requests has been studied extensively in literature for conventional single-deep automated warehousing systems. A proper sequence can greatly reduce the makespan when carrying out a group of such requests. Although the sequencing problem is NP-hard some very good...
Persistent link: https://www.econbiz.de/10013128047
In this paper, we consider a continuous review inventory system of a slow moving item for which the demand rate drops to a lower level at a pre-determined time. Inventory system is controlled according to one-for-one replenishment policy with fixed lead time. Adaptation to the lower demand rate...
Persistent link: https://www.econbiz.de/10013150326
In the past thirty years the full turnover-based storage policy as described by Hausman et al. (1976, Management Science 22(6)) has been widely claimed to outperform the commonly used ABC class-based storage policy, in terms of the resulting average storage and retrieval machine travel time. In...
Persistent link: https://www.econbiz.de/10013150659
Customer order response time and system throughput capacity are key performance measures in warehouses, which depend strongly on the storage strategies deployed. One popular strategy is to split inventory into a bulk storage and a pick stock, or forward-reserve (FR) storage. Managers often use a...
Persistent link: https://www.econbiz.de/10012898233
Many of the challenges in spare parts logistics emerge due to the combination of large service networks, and sporadic/slow-moving demand. Customer heterogeneity and stringent service deadlines entail further challenges. Meanwhile, high revenues rates in service operations motivate companies to...
Persistent link: https://www.econbiz.de/10012757980
Inventory policies for joint remanufacturing and manufacturing have recently received muchattention. Most efforts, though, were related to (optimal) policy structures and numericaloptimization, rather than closed form expressions for calculating near optimal policy parameters.The focus of this...
Persistent link: https://www.econbiz.de/10014067912
The past decade has seen a virtual explosion of information about customers and their preferences. This information potentially allows companies to increase their revenues, in particular since modern technology enables price changes to be effected at minimal cost. At the same time, companies...
Persistent link: https://www.econbiz.de/10014073574
In this note we present an efficient exact algorithm to solve the joint pricing and inventoryproblem for which Bhattacharjee and Ramesh (2000) proposed two heuristics. Our algorithmappears to be superior also in terms of computation time. Furthermore, we point out several mistakes in the paper...
Persistent link: https://www.econbiz.de/10014074724
This paper evaluates the impact of misinformation for inventory systems with product returns. Ifone could exactly know how much is going to be returned and when, one would certainly benefitfrom incorporating this perfect information a priori in the management of production, inventory,and...
Persistent link: https://www.econbiz.de/10014075209
We describe hybrid manufacturing/remanufacturing systems with a long lead time for manufacturing and a short lead time for remanufacturing. We review the classes of inventory strategies for hybrid systems in the literature. These are all based on equal lead times. For systems with slow...
Persistent link: https://www.econbiz.de/10014031452