Inventory Model Design by Implementing New Parameters into the Deterministic Model Objective Function to Streamline Effectiveness Indicators of the Inventory Management

Stopková, Mária; Stopka, Ondřej; Ľupták, Vladimír

doi:10.3390/su11154175

Cited by 16 publications

(12 citation statements)

References 39 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Significant progress is currently being made in the field of autonomous transport. In the area of warehouse logistics, the question is whether higher capital expenditures will also be associated with the necessity of higher wage costs for skilled labour [38]. At the same time, this is a question of changes in production in relation to automation of operation or possible savings (e.g.…”

Section: Resultsmentioning

confidence: 99%

Proposal of Methodology to Calculate Necessary Number of Autonomous Trucks for Trolleys and Efficiency Evaluation

2020

View full text Add to dashboard Cite

AbstractThe introduction of the paper highlights best practice in the area of deploying autonomous trucks in warehouses and the automotive industry, including the current technical possibilities of selected autonomous trucks. The next chapter presents the selected outputs of the scientific project “Center of Excellence for Intelligent Transport Systems” focused on a proposal of the methodology for calculating the necessary number of autonomous trucks and trolleys deployed in logistics warehouses. The methodology is based on the requirement that autonomous trucks do not have downtime. This represents a model solution with possible application in warehouse logistics but also in the automotive industry. The follow-up chapter proposes a methodological procedure to evaluate the efficiency of introducing autonomous trucks to pull trolleys in a logistics warehouse compared to conventional trucks operated by trained personnel. Autonomous trucks can theoretically be operated 365 days and 24 hours depending on the technology of their operation, battery charging, etc. On the other hand, there is generally a shortage of logistics personnel in the European Union as well as reliability and performance have been declining in recent years. The conclusion of the paper includes a discussion of the research results obtained and possibilities for future research.

show abstract

Section: Resultsmentioning

confidence: 99%

Proposal of Methodology to Calculate Necessary Number of Autonomous Trucks for Trolleys and Efficiency Evaluation

2020

View full text Add to dashboard Cite

show abstract

“…In the research on carbon inventory management, the focus has been on newsvendor models and EOQ (economic order quantity) models [13][14][15]. Song et al [16] analyzed a newsvendor model and demonstrated that it is possible to achieve multiple targets, including carbon emission reduction, cost saving, and profit improvement at the same time by applying a suitable order policy.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Lead Time Uncertainty on Supply Chain Performance Considering Carbon Cost

Fei

Er-min

et al. 2019

Sustainability

View full text Add to dashboard Cite

In supply chain operation practices, lead time uncertainty is a common management issue. Uncertain lead time can lead to increased inventory costs and unstable service levels, which will directly affect the overall operation performance of the supply chain. While considering environmental performance in supply chain, it is important to understand how an uncertain lead time will affect sustainable performance. In this paper, we constructed a supply chain model with stochastic lead time and explored the relationship between uncertain lead time and supply chain performance. We considered carbon cost, inventory cost, and service level as a supply chain performance. System dynamics methodology was employed to observe and explore the dynamic change trend of the overall performance in the complicated supply chain model. This was done under both different levels of lead time standard deviation and different order policies. The results demonstrate how stochastic lead times can significantly increase inventory costs and carbon costs. Therefore, we propose appropriate ordering policies which mitigate the negative impacts of stochastic lead times.

show abstract

“…This inventory model contemplates three different growth functions: linear, split and linear, and logistic. Stopková et al [38] proposed to change the parameters and the objective function of the EOQ, taking into account other significant characteristics that impact the inventory management. Mashud et al [39] introduced a sustainable inventory model for imperfect items, considering deterioration and carbon emissions.…”

Section: Introductionmentioning

confidence: 99%

An Inventory Model for Imperfect Quality Products with Rework, Distinct Holding Costs, and Nonlinear Demand Dependent on Price

et al. 2021

View full text Add to dashboard Cite

Traditionally, the inventory models available in the literature assume that all articles in the purchased lot are perfect and the demand is constant. However, there are many causes that provoke the presence of defective goods and the demand is dependent on some factors. In this direction, this paper develops an economic order quantity (EOQ) inventory model for imperfect and perfect quality items, taking into account that the imperfect ones are sent as a single lot to a repair shop for reworking. After reparation, the items return to the inventory system and are inspected again. Depending on the moment at which the reworked lot arrives to the inventory system, two scenarios can occur: Case 1: The reworked lot enters when there still exists inventory; and Case 2: The reworked lot comes into when the inventory level is zero. Furthermore, it is considered that the holding costs of perfect and imperfect items are distinct. The demand of the products is nonlinear and dependent on price, which follows a polynomial function. The main goal is to optimize jointly the lot size and the selling price such that the expected total profit per unit of time is maximized. Some theoretic results are derived and algorithms are developed for determining the optimal solution for each modeled case. It is worth mentioning that the proposed inventory model is a general model due to the fact that this contains some published inventory models as particular cases. With the aim to illustrate the use of the proposed inventory model, some numerical examples are solved.

show abstract

Inventory Model Design by Implementing New Parameters into the Deterministic Model Objective Function to Streamline Effectiveness Indicators of the Inventory Management

Cited by 16 publications

References 39 publications

Proposal of Methodology to Calculate Necessary Number of Autonomous Trucks for Trolleys and Efficiency Evaluation

Proposal of Methodology to Calculate Necessary Number of Autonomous Trucks for Trolleys and Efficiency Evaluation

The Impact of Lead Time Uncertainty on Supply Chain Performance Considering Carbon Cost

An Inventory Model for Imperfect Quality Products with Rework, Distinct Holding Costs, and Nonlinear Demand Dependent on Price

Contact Info

Product

Resources

About