کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5079041 | 1477515 | 2017 | 36 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Integrated multi-period dynamic inventory classification and control
ترجمه فارسی عنوان
طبقه بندی و کنترل موجودی پویا چند دوره ای مجتمع شده
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کلمات کلیدی
طبقه بندی موجودی حداکثر سود، مدیریت موجودی، تقاضای ناپایدار، برنامه ریزی عدد صحیح مختلط،
موضوعات مرتبط
مهندسی و علوم پایه
سایر رشته های مهندسی
مهندسی صنعتی و تولید
چکیده انگلیسی
This paper investigates the dynamic integration and optimization of inventory classification and inventory control decisions to maximize the net present value (NPV) of profit over a planning horizon. A mixed-integer linear programming model is developed by explicitly accounting for various real-world complexities, such as nonstationary demand, arbitrary review period, and limited inventory budget. We apply the model to a 900-SKU experiment and observe an average 7.5% improvement in profit over the traditional ABC approach. A real-world application for a cheese manufacturer provides a nearly 3% improvement in company's profit with a 13% reduction in inventory capital compared to its current eight-class multi-criteria inventory classification scheme. Comprehensive computational experiments are performed to examine the individual and interactive effects of various parameters on the inventory performance. Results show that it is critical for a company to manage its inventory both dynamically in the face of nonstationary demand and holistically by integrating SKU classification and policy setting. Our work provides a practical decision-support tool that simultaneously optimizes multi-period inventory classification and control decisions under nonstationary demand. It contributes to the inventory management literature by bridging two distinct streams of inventory research, inventory classification and inventory optimization, within a practical inventory modeling framework. Our study also offers several managerial implications for manufacturers and distributors managing finished goods inventory.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Journal of Production Economics - Volume 189, July 2017, Pages 86-96
Journal: International Journal of Production Economics - Volume 189, July 2017, Pages 86-96
نویسندگان
Liu Yang, Haitao Li, James F. Campbell, Donald C. Sweeney,