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A two-stage inventory system is considered where Poisson demand occurs at Stage 1, and Stage 1 replenishes its inventory from Stage 2, which in turn orders from an outside supplier with unlimited stock. Each shipment, either to Stage 2 or to Stage 1, incurs a fixed setup cost. Under the...
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Purpose: The purpose of this paper is to show the improvements obtained through the application of IoT in a company of the metal-mechanical sector. Design/methodology/approach: The methodology used has been the collection of data before and after the application of the IoT in the process to...
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