Control Policies For Queueing And Production Inventory Systems
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Control Policies For Queueing And Production Inventory Systems
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Author : Hyo Seong Lee
language : en
Publisher:
Release Date : 1988
Control Policies For Queueing And Production Inventory Systems written by Hyo Seong Lee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with categories.
For this system we develop an efficient procedure to find the optimal policy under a linear cost structure.
Control And Policies For An Integrated Production And Inventory System
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Author : Kenneth Robert Baker
language : en
Publisher:
Release Date : 1969
Control And Policies For An Integrated Production And Inventory System written by Kenneth Robert Baker and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1969 with Inventory control categories.
Control Mechanisms In Queueing Systems With Nonlinear Waiting Costs
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Author : Ata Ghareh Aghaji Zare
language : en
Publisher:
Release Date : 2017
Control Mechanisms In Queueing Systems With Nonlinear Waiting Costs written by Ata Ghareh Aghaji Zare and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Operations research categories.
In many queueing systems, customers have been observed to exhibit strategic behavior. Each customer gains a value when receiving a product or getting served and suffers when incurring a delay. We consider a nonlinear waiting cost function to capture the sensitivity of customers toward delay. We investigate customers' behavior and system manager's strategy in two different settings: (1) customers are served in a service system, or (2) they receive a product in a supply chain. In the first model, we study an unobservable queueing system. We consider that customers are impatient, and are faced with decision problems whether to join a service system upon arrival, and whether to remain or renege at a later time. The goal is to address two important elements of queueing analysis and control: (1) customer characteristics and behavior, and (2) queueing control. The literature on customer strategic behavior in queues predominately focuses on the effects of waiting time and largely ignores the mixed risk attitude of customer behavior. Empirical studies have found that customers' risk attitudes, their anticipated time, and their wait time affect their decision to join or abandon a queue. To explore this relationship, we analyze the mixed risk attitude together with a non-linear waiting cost function that includes the degree of risk aversion. Considering this behavior, we analyze individuals' joint balking and reneging strategy and characterize socially optimal strategy. To determine the optimal queue control policy from a revenue-maximizer perspective, which induces socially optimal behavior and eliminates customer externalities, we propose a joint entrance-fee/abandonment-threshold mechanism. We show that using a pricing policy without abandonment threshold is not sufficient to induce socially optimal behavior and in many cases results in a profit lower than the maximum social welfare the system can generate. Also, considering both customer characteristics and queue control policy, our findings suggest that customers with a moderate anticipation time provide higher expected revenue, acknowledging the importance of understanding customer behavior with respect to both wait time and risk attitude in the presence of anticipation time. In the second model, we consider a two-echelon production inventory system with a single manufacturer and a single distribution center (DC) where the manufacturer has a finite production capacity. There is a positive transportation time between the manufacturer and the DC. Each customer gains a value when receiving the product and suffers a waiting cost when incurring a delay. We assume that customers' waiting cost depends on their degree of impatience with respect to delay (delay sensitivity). We consider a nonlinear waiting cost function to show the degree of risk aversion (impatience intensity) of customers. We assume that customers follow the strategy p where they join the system and place an order with probability p. We analyze the inventory system with a base-stock policy in both the DC and the manufacturer. Since customers and supply chain holder are strategic, we study the Stackelberg equilibrium assuming that the DC acts as a Stackelberg leader and customers are the followers. We first obtain the total expected revenue and then derive the optimal base-stock level as well as the optimal price at the DC.
Handbook Of Industrial And Systems Engineering
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Author : Adedeji B. Badiru
language : en
Publisher: CRC Press
Release Date : 2013-10-11
Handbook Of Industrial And Systems Engineering written by Adedeji B. Badiru and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-11 with Technology & Engineering categories.
A new edition of the bestselling industrial and systems engineering text, this book provides students, researchers, and practitioners with easy access to a wide range of industrial engineering tools and techniques in a concise format. It expands the breadth and depth of coverage, emphasizing new systems engineering tools, techniques, and models. New coverage includes control charts, engineering economy, health operational efficiency, healthcare systems, human systems integration, lean systems, logistics transportation, manufacturing systems, material handling systems, process view of work, queuing systems, reliability systems and tools, and six sigma techniques.
Queueing Control Problems For Production Inventory Systems
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Author : Michael H. Veatch
language : en
Publisher:
Release Date : 1992
Queueing Control Problems For Production Inventory Systems written by Michael H. Veatch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with categories.
The S S Policy For The Production Inventory System With Compound Poisson Demands
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Author : Hyo-Seong Lee, M.M. Srinivasan
language : en
Publisher:
Release Date : 1988
The S S Policy For The Production Inventory System With Compound Poisson Demands written by Hyo-Seong Lee, M.M. Srinivasan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with categories.
Production Inventory Systems
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Author : Elwood Spencer Buffa
language : en
Publisher: McGraw-Hill/Irwin
Release Date : 1979
Production Inventory Systems written by Elwood Spencer Buffa and has been published by McGraw-Hill/Irwin this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Business & Economics categories.
Applied Probability And Stochastic Processes
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Author : V. C. Joshua
language : en
Publisher: Springer Nature
Release Date : 2020-08-29
Applied Probability And Stochastic Processes written by V. C. Joshua and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-29 with Mathematics categories.
This book gathers selected papers presented at the International Conference on Advances in Applied Probability and Stochastic Processes, held at CMS College, Kerala, India, on 7–10 January 2019. It showcases high-quality research conducted in the field of applied probability and stochastic processes by focusing on techniques for the modelling and analysis of systems evolving with time. Further, it discusses the applications of stochastic modelling in queuing theory, reliability, inventory, financial mathematics, operations research, and more. This book is intended for a broad audience, ranging from researchers interested in applied probability, stochastic modelling with reference to queuing theory, inventory, and reliability, to those working in industries such as communication and computer networks, distributed information systems, next-generation communication systems, intelligent transportation networks, and financial markets.
Performance Analysis Of Manufacturing Systems
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Author : Tayfur Altiok
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Performance Analysis Of Manufacturing Systems written by Tayfur Altiok and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Manufacturing industries are devoted to producing high-quality products in the most economical and timely manner. Quality, economics, and time not only indicate the customer-satisfaction level, but also measure the manufacturing per formance of a company. Today's manufacturing environments are becoming more and more complex, flexible, and information-intensive. Companies invest into the information technologies such as computers, communication networks, sensors, actuators, and other equipment that give them an abundance of information about their materials and resources. In the face of global competition, a manufacturing company's survival is becoming more dependent on how best this influx of in formation is utilized. Consequently, there evolves a great need for sophisticated tools of performance analysis that use this information to help decision makers in choosing the right course of action. These tools will have the capability of data analysis, modeling, computer simulation, and optimization for use in designing products and processes. International competition also has had its impact on manufacturing education and the government's support of it in the US. We see more courses offered in this area in industrial engineering and manufacturing systems engineering departments, operations research programs, and business schools. In fact, we see an increasing number of manufacturing systems engineering departments and manufacturing research centers in universities not only in the US but also in Europe, Japan, and many developing countries.
Analysis Of Make To Stock Queues With General Production Times
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Author : Nima Sanajian
language : en
Publisher:
Release Date : 2006
Analysis Of Make To Stock Queues With General Production Times written by Nima Sanajian and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
In this thesis, we obtain the exact steady-state distribution of the number of customers in a GI/G/1 make-to-stock queue, therefore we observe the impact of production time variability on optimal inventory control policies. We also shed light on how system performance deteriorates more because of production stoppages and variability in repair times. We also analyze a production/inventory producing different products. We compare the performances of different scheduling policies in regard of the inventory control parameters and average system costs which are obtained by using the exact steady-state distribution of the number of customers for each static policy (first-come-first-served, preemptive and non-preemptive priority disciplines). We provide the inequalities indicating when it is optimal to switch from make-to-stock to make-to-order policy. We extend the application area of a well-known dynamic scheduling heuristic, Myopic(T), for systems with non-exponential service times. We additionally analyze inventory pooling problem in the M/G/1 make-to-stock queue.