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Journal articles on the topic 'Inventory carrying costs'

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1

Gaither, Norman, Donald R. Fraser, and William G. Mister. "Accounting for Inventory Carrying Costs." Journal of Cost Analysis 5, no. 1 (1987): 1–6. http://dx.doi.org/10.1080/08823871.1987.10462359.

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2

Bondy, Harry. "Inventory carrying costs in government." Canadian Public Administration/Administration publique du Canada 34, no. 3 (1991): 527–30. http://dx.doi.org/10.1111/j.1754-7121.1991.tb01481.x.

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3

Gurtu, Amulya. "Optimization of Inventory Holding Cost Due to Price, Weight, and Volume of Items." Journal of Risk and Financial Management 14, no. 2 (2021): 65. http://dx.doi.org/10.3390/jrfm14020065.

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The inventory carrying cost has been assumed uniform for all products in an organization or a warehouse. This assumption is not valid for a diversified range of items in an organization or warehouse. This paper tested this hypothesis of variations in inventory holding costs in a warehouse in two industries based on the physical nature and the price of products. It is found that organizations with a wide variety of products need to calculate the inventory holding cost for each item (SKU) rather than using an average percentage cost of inventory. Inventory holding costs of items in two different
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Pope, Jennifer A., and James A. Pope. "Plant supply logistics: balancing delivery and stockout costs." Journal of Transportation Management 17, no. 1 (2006): 52–60. http://dx.doi.org/10.22237/jotm/1143849900.

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A manufacturer leases rail cars to transport raw material from the supplier to the factory. The manufacturer must balance the costs of leasing rail cars versus stockouts (leading to plant closings) and inventory carrying costs. Using a model of circular queues and a simulation, the cost implications of leasing different numbers of rail cars are analyzed. It is concluded that stockout costs exceed the cost of excess inventory and capacity in the logistics system.
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FAROOQUIE, PARVEEN, and M. NASIR KHAN. "RETURNING TO ROOTS FOR REDUCING INVENTORY COSTS IN SMEs: A CASE OF INDIAN LOCK INDUSTRY." Journal of Enterprising Culture 18, no. 03 (2010): 315–30. http://dx.doi.org/10.1142/s0218495810000562.

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Achieving uninterrupted production, increasing profitability and productivity, protection against stock-outs, and improving customer service levels have been the major benefits of holding inventory. Maintaining inventory levels beyond a certain limit is, however, an undesirable phenomenon. While practitioners and researchers are aiming at minimum possible cost of inventory, many small business owners in India still fail to appreciate fully the true costs of carrying inventory. In this context the present study examines a case of the lock manufacturing industry in the Aligarh district of the st
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NACHIAPPAN, SP, N. JAWAHAR, S. CALWIN PARTHIBARAJ, and B. BRUCELEE. "PERFORMANCE ANALYSIS OF FORECAST DRIVEN VENDOR MANAGED INVENTORY SYSTEM." Journal of Advanced Manufacturing Systems 04, no. 02 (2005): 209–26. http://dx.doi.org/10.1142/s0219686705000618.

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Vendor Managed Inventory (VMI) is a centralized link between suppliers and customers that enables faster, less complex transactions without creating individual lines of communication for every business relationship. The current scenario necessitates the effective integration of forecasting with VMI to maintain its efficient inventory level with less safety stock. Concerning the above, this paper proposes a Forecast Driven Vendor Managed Inventory Model (FDVMI) in which a suitable forecasting model, which has minimum error and which satisfies Tracking Signal, is selected to predict the demand.
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Federgruen, Awi, and Min Wang. "A CONTINUOUS REVIEW MODEL WITH GENERAL SHELF AGE AND DELAY-DEPENDENT INVENTORY COSTS." Probability in the Engineering and Informational Sciences 29, no. 4 (2015): 507–25. http://dx.doi.org/10.1017/s0269964815000169.

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We analyze a continuous review inventory model with the marginal carrying cost of a unit of inventory given by an increasing function of its shelf age and the marginal delay cost of a backlogged demand unit by an increasing function of its delay duration. We show that, under a minor restriction, an (r, q)-policy is optimal when the demand process is a renewal process, and a state dependent (r, q)-policy is optimal when the demand is a Markov-modulated renewal process. We also derive various monotonicity properties for the optimal policy parameters r* and r* + q*.
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Mojaveri, Hamidreza Salmani, and Vahid Moghimi. "Determination of Economic Order Quantity in a fuzzy EOQ Model using of GMIR Deffuzification." Indonesian Journal of Science and Technology 2, no. 1 (2017): 76. http://dx.doi.org/10.17509/ijost.v2i1.5990.

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Inappropriate inventory control policies and its incorrect implementation can cause improper operation and uncompetitive advantage of organization logistic operation in the market. Therefore, analysis inventory control policies are important to be understood, including carrying cost, ordering cost, warehouse renting cost, and buying cost. In this research, Economic Order Quantity (EOQ) problem in fuzzy condition is reviewed in two different situations. The first model concerned to costs (carrying cost, ordering cost, warehouse renting cost and buying cost), which is considered as triangular fu
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Hipkin, I. B. "A situational approach to the application of the inventory control theory to maintenance spares control." South African Journal of Business Management 22, no. 4 (1991): 101–6. http://dx.doi.org/10.4102/sajbm.v22i4.907.

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The management of maintenance spares has frequently been treated as part of the management of the total inventory in production-oriented organizations. In this article it is suggested that maintenance spares should be grouped into four categories: non-stock, usage stock, project stock and insurance stock. Rather than using a common inventory control approach to all spares, different techniques should be applied to each category. Developments in reliability-centred maintenance will result in less reliance on forecasting maintenance spares requirements, thereby permitting a higher service level
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10

Mitchell, Michael D., and Walter E. Beyeler. "Studying the Relationship between System-Level and Component-Level Resilience." Journal of Complex Systems 2015 (January 8, 2015): 1–9. http://dx.doi.org/10.1155/2015/875265.

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The capacity to maintain stability in a system relies on the components which make up the system. This study explores the relationship between component-level resilience and system-level resilience with the aim of identifying policies which foster system-level resilience in situations where existing incentives might undermine it. We use an abstract model of interacting specialized resource users and producers which can be parameterized to represent specific real systems. We want to understand how features, such as stockpiles, influence system versus component resilience. Systems are subject to
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11

Alessandria, George, Joseph P. Kaboski, and Virgiliu Midrigan. "Inventories, Lumpy Trade, and Large Devaluations." American Economic Review 100, no. 5 (2010): 2304–39. http://dx.doi.org/10.1257/aer.100.5.2304.

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We document that delivery lags and transaction-level economics of scale matter for international trade, leading importers to import infrequently and hold additional inventory. In a model with these frictions calibrated to empirical measures of inventory and trade lumpiness, these frictions have a large (20 percent) tariff equivalent, mostly due to inventory carrying costs. These frictions also alter the dynamics of imports and prices. Consistent with evidence from large devaluation episodes in six developing economies, following terms-of-trade and interest rate shocks, the model generates a sh
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12

Joglekar, Prafulla, Patrick Lee, and Alireza M. Farahani. "Continuously Increasing Price in an Inventory Cycle: An Optimal Strategy for E-Tailers." Journal of Applied Mathematics and Decision Sciences 2008 (May 25, 2008): 1–14. http://dx.doi.org/10.1155/2008/483267.

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Operations researchers have always assumed that when a product's unit cost is constant and its demand curve is known and stationary, a retailer of the product would find it optimal to replenish the inventory with a fixed quantity and to sell the product always at a fixed price. We present, with proof, a model that shows that, in such a case, an e-tailer is better off using a continuously increasing price strategy than using a fixed price strategy within each inventory cycle. Sensitivity analysis shows that this strategy is particularly profitable when demand is highly price sensitive and the i
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Somadi, Syah Rajendra Hari Septa, and Nila Dahlia Juita. "Penggunaan metode algoritma wagner within dalam upaya pengendalian persediaan scrap besi di PT XYZ." JURNAL NUSANTARA APLIKASI MANAJEMEN BISNIS 5, no. 1 (2020): 56–73. http://dx.doi.org/10.29407/nusamba.v5i1.14111.

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The research objective is to determine the total size of the lot of iron scrap orders, and the total cost of the company's inventory before and after carrying out the method of controlling iron scrap inventory using the Wagner Within Algorithm method. Demand forecasting uses the Single Moving Averge, Weight Moving Average, and Exponential Smoothing methods. Based on the results of the study, the total lot size of iron scrap material orders is smaller than the size of previous lot orders without using the inventory control method, which is 15,362 tons per year. Total inventory of Rp. 105,076,12
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Zapata-Cortes, Julian Andres, Martín Dario Arango-Serna, and Conrado Augusto Serna-Uran. "Application of the joint replenishment problem in a collaborative Inventory approach to define resupply plans in urban goods distribution contexts." DYNA 85, no. 207 (2018): 174–82. http://dx.doi.org/10.15446/dyna.v85n207.72546.

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This article presents an application of the joint replenishment problem (JRP) as the basis for proposing a collaborative inventory model with joint orders, in which multiple customers share the required information to define their supply plans. This information is consolidated by the supplier and it is responsible for carrying out the collaborative joint replenishment process. The application of the model allows generating a replenishment process that reduces costs compared to carrying out the individual plans for each customers and also generates a reduction in the number of trips required, w
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15

Liu, Gia-Shie, and Kuo-Ping Lin. "A decision support system of green inventory-routing problem." Industrial Management & Data Systems 119, no. 1 (2019): 89–110. http://dx.doi.org/10.1108/imds-11-2017-0533.

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Purpose The purpose of this paper is to develop a decision support system to consider geographic information, logistics information and greenhouse gas (GHG) emission information to solve the proposed green inventory routing problem (GIRP) for a specific Taiwan publishing logistics firm. Design/methodology/approach A GIRP mathematical model is first constructed to help this specific publishing logistics firm to approximate to the optimal distribution system design. Next, two modified Heuristic-Tabu combination methods that combine savings approach, 2-opt and 1-1 λ-interchange heuristic approach
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16

Makarova, O. V. "Predictive method of inventory optimization in industrial manufacturer performance." E3S Web of Conferences 247 (2021): 01066. http://dx.doi.org/10.1051/e3sconf/202124701066.

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Strong collaboration in supply chain at B2B market may improve operational and financial performance of both suppliers and clients. Need for collaboration benefits realization is especially actual for supplying manufacturers with huge investments in inventory as well as high ordering and carrying costs. Traditional stock level optimization models rely on historic data which makes them inefficient when supply if influenced by changing customized demand of key B2B clients. Strong collaboration with key clients, synchronization of planning process through the whole supply chain up to the end user
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17

Chanda, Udayan, and Alok Kumar. "Optimization of EOQ Model for New Products Under Multi-Stage Adoption Process." International Journal of Innovation and Technology Management 16, no. 02 (2019): 1950015. http://dx.doi.org/10.1142/s0219877019500159.

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The available literature on new product sales growth models mostly ignores two important aspects of technology diffusion: diffusion of awareness and the actual adoption. This characteristic of technology adoption is extremely important from inventory management perspective as buying decision is often influenced due to time lag between information propagation and actual adoptions. As high-technology market is extremely unpredictable, interactions between technological evolutions and customer feedback effects play an important role in technology diffusion. The demand models mostly considered in
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18

Santi, Santi, A. I. Jaya, and A. Sahari. "OPTIMALISASI PERSEDIAAN BAHAN BAKAR MINYAK INDUSTRI (SOLAR) PADA PT. PRIMA SENTOSA ALAM LESTARI MENGGUNAKAN METODE ECONOMIC ORDER QUANTITY (EOQ)." JURNAL ILMIAH MATEMATIKA DAN TERAPAN 16, no. 1 (2019): 70–78. http://dx.doi.org/10.22487/2540766x.2019.v16.i1.12756.

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PT. Prima Alam Lestari Sentosa is a company engaged in six areas such as transporter fuel, industrial fuel agents pertamina, SPPBE, general construction services, mining contractor, and the procurement of goods and services. In carrying out its production activity is associated with supplies of fuel oil. Where inventory is one of management activities related to storage costs and reservations so that the necessary optimization of inventory. In this study the authors using Economic Order Quantity to optimize the inventory. This study aims is to determine the inventory optimization of fuel oil a
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19

Kiisler, Ain. "LOGISTICS IN ESTONIAN BUSINESS COMPANIES." TRANSPORT 23, no. 4 (2008): 356–62. http://dx.doi.org/10.3846/1648-4142.2008.23.356-362.

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The article describes logistics survey in Estonia carried out in 2007 as a part of the LogOnBaltic project. The level of logistics in Estonian manufacturing, trading and logistics companies is explored through logistics costs, performance indicators, outsourcing, ICT use and logistics self‐estimation of the companies responded. Responses from 186 Estonian companies were gathered through a web‐based survey (38% of manufacturing, 38% of trading and 24% of logistics sector). Logistics costs as the percentage of turnover make in average 13.8% in manufacturing and 13.3% in trading. Transportation a
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20

LEE, SHINE-DER, SHU-CHUAN LAN, and CHIN-MING YANG. "ECONOMIC PRODUCTION LOT SIZING MODEL WITH STOCHASTIC DEMAND." Asia-Pacific Journal of Operational Research 31, no. 03 (2014): 1450015. http://dx.doi.org/10.1142/s0217595914500158.

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We consider the extended economic production quantity (EPQ) problem when demand follows a Poisson process in a production system. A fixed lot sizing policy is implemented to minimize fluctuation of workload, and to smooth production planning and inventory control. The considered costs include setup cost, inventory carrying cost, and shortage cost when demand cannot be satisfied from stock. The main contributions of this paper are two folds. We develop and analyze the extended EPQ model. Under some mild conditions, the expected cost per unit time can be shown to be convex. Via computational exp
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21

Kart, Firat, Louise E. Moser, and P. M. Melliar-Smith. "An Automated Supply Chain Management System and Its Performance Evaluation." International Journal of Information Systems and Supply Chain Management 3, no. 2 (2010): 84–107. http://dx.doi.org/10.4018/jisscm.2010040105.

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The MIDAS system is an automated supply chain management system that enables customers, manufacturers, and suppliers to cooperate over the Internet. MIDAS aims to achieve high customer satisfaction by supporting the build-to-order customization model and to reduce inventory carrying costs and logistics administration costs at the manufacturer by supporting the just-in-time manufacturing model. It allows a manufacturer to choose from the MIDAS Registry, suppliers of components, and negotiate based on the prices, availability, and delivery times of those components. The manufacturer can use one
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22

Grigor'eva, E. A. "Specifics of determining the discount rate in the machine-building enterprise valuation." Financial Analytics: Science and Experience 13, no. 2 (2020): 167–82. http://dx.doi.org/10.24891/fa.13.2.167.

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Subject. Currently, there is an increasing need to determine the market value of organizations. Machine-building enterprises have a number of special features that must be taken into account when evaluating the business. Objectives. The focus is on developing certain provisions of methodology and practice for evaluating engineering organizations, namely, the assessment of additional risk of inventory items’ marketability when calculating the discount rate. Methods. The study employs the dialectical method of cognition, the systems approach, economic and analytical research methods. Results. I
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Vílchez Torres, Mylena Karen, Jimy Frank Oblitas Cruz, and Wilson Castro Silupu. "Optimization of the replacement time for critical repairable components." DYNA 87, no. 214 (2020): 93–99. http://dx.doi.org/10.15446/dyna.v87n214.84509.

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Equipment-intensive industries must manage critical components due to their impact on the availability and high inventory carrying costs. In this context, this study seeks to assess mean times between interventions (MTBI) and mean times between failures (MTBF) to determine optimal replacement times for critical repairable components used in six EX5500 hydraulic excavators operating at an open-pit mining site. For these purposes, the authors compared a base policy using the MTBF values provided by the equipment manufacturer, against the proposed policy using the MTBI values obtained from equipm
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S.S., Turapin, Savushkin S.S., and Kashtanov V.V. "The operation of hydraulic structures of reclamation complex of the Ministry of agriculture of Russia." Ekologiya i stroitelstvo 2 (2018): 19–26. http://dx.doi.org/10.35688/2413-8452-2018-02-003.

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The article deals with the operation of hydraulic structures (GTS) under the jurisdiction of the Department of land reclamation of the Ministry of agriculture of Russia, designed to provide water reclamation systems. Costs necessary for the maintenance of GTS, ensuring their operability and safe operation, carrying out repair work and other measures are considered. The study is based on information about more than 160 objects. According to the inventory of 2010–2011, the water management complex of Federal property under the jurisdiction of the Ministry of agriculture of the Russian Federation
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LEE, FANG-CHUAN, and UE-PYNG WEN. "A HEURISTIC APPROACH FOR SOLVING SERIALLY DISTRIBUTED STORAGE DEPOTS UNDER GENERAL-INTEGER POLICY." Asia-Pacific Journal of Operational Research 24, no. 04 (2007): 479–97. http://dx.doi.org/10.1142/s0217595907001346.

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In this study, we present the problems of shipping a single product from a single supply origin, through a serial system of storage depots, to a single demand destination by trucks or ships, and aim to minimize the sum of ordering, inventory and transportation costs over an infinite time horizon. We formulate the problem consisting of general-integer (GI), stationary and nested replenishment policies for the multistage inventory/distribution system. This paper presents the near-optimal cost-curve structure analysis for this serially distributed storage depot problem (SDSDP) and show that the o
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Makkar, Sandhya. "Two Stage Supply Chain Optimization for Perishable Products Under Fuzzy Environment." International Journal of Risk and Contingency Management 8, no. 3 (2019): 31–48. http://dx.doi.org/10.4018/ijrcm.2019070103.

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In the changing market scenario, supply chain management is getting phenomenal importance amongst researchers. Studies on supply chain management have emphasized the vitality of a long-term strategic relationship between the supplier, distributor and retailer. In this article, the authors have studied a two-stage supply chain coordination problem under uncertain costs and demand information when integrated procurement and distribution decisions of supply chain has to be employed. The model incorporates a single supplier transporting its products to multiple destinations of a retailer. This pro
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Guimarães, Fernando Silva, Chazele Barbosa dos Santos, Letycia Barros Gonçalves, Leandro Leitzke Thurow, and Marysabel Pinto Telis Silveira. "Tools for inventory control of dental supplies of a municipal health department." Brazilian Journal of Oral Sciences 18 (April 8, 2019): e191313. http://dx.doi.org/10.20396/bjos.v18i0.8655144.

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Aim: Carry out a descriptive and organizational analysis of the Oral Health warehouse of the Municipal Health Department in a city in the South of Brazil in order to assist in its management. Methods: This case study is a descriptive and organizational analysis of the Oral Health warehouse of the Municipal Health Department. The Always Better Control (ABC) curve, and Vital Essential Desirable (VED) analysis and ABC-VED matrix was performed, in order to assist the warehouse’s management. The first stage was a descriptive situational analysis. In the second stage, the supplies were classified by
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Nobil, Amir Hossein, Abolfazl Kazemi, and Ata Allah Taleizadeh. "Single-machine lot scheduling problem for deteriorating items with negative exponential deterioration rate." RAIRO - Operations Research 53, no. 4 (2019): 1297–307. http://dx.doi.org/10.1051/ro/2018037.

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Determining production-inventory level is one of the most important and challenging problems in a manufacturing system.Economic Batch Quantity(EBQ) is the simplest and the most employed inventory model in this field. Here, a single-source production lot-sizing model for deteriorating products with negative exponential deterioration rate is developed. In this manufacturing system, we assume that all items are manufactured using a single source. In this paper the optimal values for cycle length and lot size are derived in a way that the total cost (consists of machine setup cost, manufacturing c
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Adams, Teresa M., Emil Juni, Mohsin Khalid Siddiqui, and James E. Dzienkowski. "Integrated Field and Office Tools for Bridge Management." Transportation Research Record: Journal of the Transportation Research Board 1933, no. 1 (2005): 35–43. http://dx.doi.org/10.1177/0361198105193300105.

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The Wisconsin Department of Transportation's (WisDOT) Bureau of Structures Data Consolidation Project brings together all bridge-related data into a single data warehouse, the Highway Structures Information System (HSIS), which includes inventory, inspection and maintenance records, and maintenance costs. With the new HSIS, WisDOT's interactive bridge inspection forms and data procedures became incompatible. This conflict presented a timely opportunity to investigate alternative data collection tools that would be practicable in the field. This paper investigates the use of alternative field d
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Li, Shi. "Constant Approximation Algorithm for Nonuniform Capacitated Multi-Item Lot Sizing via Strong Covering Inequalities." Mathematics of Operations Research 45, no. 3 (2020): 947–65. http://dx.doi.org/10.1287/moor.2019.1018.

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We study the nonuniform capacitated multi-item lot-sizing problem. In this problem, there is a set of demands over a planning horizon of T discrete time periods, and all demands must be satisfied on time. We can place an order at the beginning of each period s, incurring an ordering cost Ks. In this order, we can order up to Cs units of products. On the other hand, carrying inventory from time to time incurs an inventory holding cost. The goal of the problem is to find a feasible solution that minimizes the sum of ordering and holding costs. Levi et al. [Levi R, Lodi A, Sviridenko M (2008) App
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Meirizha, St Nova, Ari Andriyas Puji, and Ardi Adrian. "PENERAPAN METODE CROSSDOCKING UNTUK MEMINIMUMKAN BIAYA DISTRIBUSI DAN PERSEDIAAN PADA PT. XYZ." Jurnal Surya Teknika 7, no. 2 (2020): 202–8. http://dx.doi.org/10.37859/jst.v7i2.2389.

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Rapid technological development changes the form of competition between profit-oriented companies. The presence of new methods of company management is getting more intense due to the demands of a competitive advantage with other companies. One of the areas that can create competitive advantage is the operational sector. Furthermore, Supply Chain Management has become one of the main components as a competitive strategy to develop the productivity and profitability capabilities of a company. Meanwhile, crossdocking systems have been found for a long time, but the application is often not too s
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Anurogo, Wenang, Muhammad Zainuddin Lubis, and Mir'atul Khusna Mufida. "Modified Soil-Adjusted Vegetation Index In Multispectral Remote Sensing Data for Estimating Tree Canopy Cover Density at Rubber Plantation." Journal of Geoscience, Engineering, Environment, and Technology 3, no. 1 (2018): 15. http://dx.doi.org/10.24273/jgeet.2018.3.01.1003.

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Forest inventories such as tree canopy density information require a long time and high costs, especially on extensive forest coverage. Remote sensing technology that directly captures the surface vegetation character with extensive recording coverage can be used as an alternative to carrying out such inventory activities. This research aims to determine the level of vegetation canopy cover density on rubber plants that became the location of the research and know the accuracy of the resulting data. The method used in this research is a combination of remote sensing image interpretation, geogr
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Sharma, Pankaj, and Makarand S. Kulkarni. "Framework for a dynamic and responsive." International Journal of Productivity and Performance Management 65, no. 2 (2016): 207–22. http://dx.doi.org/10.1108/ijppm-07-2014-0113.

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Purpose – Armies around the world face the dilemma of reaching the right size of the logistics chain, without compromising the effectiveness of it. The stocking of spares for maintaining the equipment and the vehicles of the army is done with just in case philosophy which results in huge inventories that have associated holding and carrying costs. Material managers of the army must learn lessons from the industry about rightsizing their inventories. Concepts like lean and agile must find place in managing spares of army. Both these concepts have their inherent positives which must be exploited
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Majidov, Abdullo Sh, and Yury P. Gusev. "METHOD OF ASYNCHRONOUS ENGINES EQUIVALENCY FOR CALCULATING SHORT CIRCUIT CURRENT IN A SYSTEM OF BALANCE-OF-PLANT NEEDS." Vestnik Chuvashskogo universiteta, no. 3 (August 25, 2020): 102–15. http://dx.doi.org/10.47026/1810-1909-2020-3-102-115.

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In short-circuiting in power plants of balance-of-power plant needs three-phase asynchronous motors with a short-closed rotor have a significant influence on the nature of the process and the magnitude of the short circuit current. In the system of balance-of-plant needs it is necessary to take into account the components of short circuit current from asynchronous motors when selecting and checking switches, as well as when selecting and checking current-carrying parts (cables, complete current wires, etc.) not only at the initial moment of the short circuit, but at the time of its shutdown as
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Zagorodnov, S. Yu, and I. V. May. "Methodical and organizational aspects in designing sanitary protection zones for a group of enterprises or industrial centers as a toll for complex atmospheric air quality assessment." Russian Journal of Occupational Health and Industrial Ecology, no. 11 (December 4, 2019): 940–44. http://dx.doi.org/10.31089/1026-9428-2019-59-11-940-944.

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Introduction. Sanitary legislation of the Russian Federation provides for the organization of sanitary protection zones of industrial enterprises located in the industrial hub. However, the justification procedure, establishing and monitoring boundaries of a single sanitary zones not fully resolved. This determines the practice of organization by economic entities of individual zones separating production from residential development. This situation complicates the adequate assessment of real pollution, as well as the reasonable development of programs (plans) of environmental measures. Identi
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Snidvongs, Saowarat, Rod S. Taylor, Alia Ahmad, et al. "Facet-joint injections for non-specific low back pain: a feasibility RCT." Health Technology Assessment 21, no. 74 (2017): 1–130. http://dx.doi.org/10.3310/hta21740.

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BackgroundPain of lumbar facet-joint origin is a common cause of low back pain in adults and may lead to chronic pain and disability, with associated health and socioeconomic implications. The socioeconomic burden includes an inability to return to work resulting in loss of productivity in addition to direct and indirect health-care utilisation costs. Lumbar facet-joints are paired synovial joints between the superior and inferior articular processes of consecutive lumbar vertebrae and between the fifth lumbar vertebra and the sacrum. Facet-joint pain is defined as pain that arises from any st
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Gromysz, Krzysztof, Łukasz Szoblik, Ewa Cyrulik, Agnieszka Tanistra-Różanowska, Zofia Drabczyk, and Szymon Jancia. "Analysis of stabilisation method of gable walls of a barrack located at the section BI of the former KL Auschwitz II-Birkenau." MATEC Web of Conferences 284 (2019): 08004. http://dx.doi.org/10.1051/matecconf/201928408004.

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The subject of the article is an analysis of the stabilisation method of the western gable walls of a barrack with the inventory number B-123, situated at the section BI of the former German Nazi concentration and extermination camp Auschwitz II-Birkenau. The barracks of the former Birkenau have a documentary and historical value and are subject to protective conservation. A barrack with inv. no. B-123 had been erected in the last months of 1941 as a residential barrack, then it was used as a hospital facility. The barrack walls are characterised by low stiffness, because with the building’s p
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38

Castellano, Davide, and Christoph H. Glock. "The average-cost formulation of lot sizing models and inventory carrying charges: a technical note." Operations Management Research, April 14, 2021. http://dx.doi.org/10.1007/s12063-021-00191-2.

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AbstractIt is generally recognised that the present-value criterion should be preferred to the average-cost formulation in developing lot sizing models. Despite the advantages of the present-value measure, average-cost lot sizing models are far more widely applied. Because of the nature of the average-cost formulation, inventory carrying costs are evaluated according to a look-back approach, relying on historical values. In this regard, a general misconception in the inventory management literature concerned with average-cost models is that the unit stockholding cost rate should be established
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39

B, Ganesh Narkhede, Ganesh Narkhede B, and Neela Rajhans. "Optimizing Inventory Carrying Cost Using Rank Order Clustering Approach for Small and Medium Enterprises (SMES)." Journal of University of Shanghai for Science and Technology 23, no. 1 (2021). http://dx.doi.org/10.51201/jusst12550.

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For any company, whether big enterprises or small and medium-sized enterprises (SMEs), inventory is one of the key assets. Therefore, inventory-related decisions directly influence the revenue generated by the firm. This work aims to find a sufficient degree of control over each inventory item and to mitigate the inventory management problems of SMEs. Rank Order Clustering (ROC) algorithm is used in this study for multi-item inventory item aggregation. The proposed framework is tested on a medium-sized gearmanufacturing firm that manufactures 40 different types of planetary and customized gear
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Fitriadi, Fitriadi. "OPTIMASI SISTEM PERSEDIAAN PRODUK AKHIR AIR MINUM DALAM KEMASAN (AMDK) DENGAN MENGGUNAKAN KONSEP LEAN MANUFACTURING." Jurnal Optimalisasi 3, no. 4 (2018). http://dx.doi.org/10.35308/jopt.v3i4.264.

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and eliminate waste. CV. Hidup Baru is a company that manufactures Bottled Drinking Water (bottled water) systems make to stock. The company set a number of production based on rough estimates of consumer demand in the previous periods. This causes the total production exceeds the amount of consumer demand for 6 periods within the range of the last 12 periods derived from historical data of the company. According to these data, too, can be seen an average of the final product inventory in the warehouse at 280% of the final product in each period. Stacking sizable inventory of this course will
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41

Farris, Ted, and Ila Manuj. "Innovative Distribution Company: A Total Cost Approach to Understanding Supply Chain Risk." Council of Supply Chain Management Professionals Cases, November 1, 2018, 1–9. http://dx.doi.org/10.1108/case.cscmp.2018.000014.

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This case illustrates the use of the total cost of ownership concept to analyse and compare two supply chains – one international and one domestic. The case provides an opportunity to calculate economic order quantity and safety stock quantities and then combine purchase price, shipping costs, and inventory carrying costs to quantify the differences between the two supply chains.
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42

"Optimization of a Five-Echelon Supply Chain Network using Particle Swarm Intelligence Algorithms." International Journal of Innovative Technology and Exploring Engineering 8, no. 9 (2019): 2015–22. http://dx.doi.org/10.35940/ijitee.i8594.078919.

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Technology has shrunk the global markets and information is accessible very quickly and effortlessly. Business organizations world over concentrate on their production systems to improve the quality of the end product, well distribute the product and optimize cost of resources. Transportation cost, inventory carrying cost and shortage costs constitute the major costs in cost of distribution. A competent supply chain always strives to manufacture the right quantity of end products and hold a minimum inventory across the entire supply chain. In thecurrent paper, a five echelon supply chain model
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43

Farris, Ted. "Silo Manufacturing Corporation (SMC) Managing with Economic Order Quantity." Council of Supply Chain Management Professionals Cases, November 1, 2018, 1–8. http://dx.doi.org/10.1108/case.cscmp.2018.000020.

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This two-part case illustrates the use of economic order quantity to manage conflicting performance measures across different siloed functions in an organization. Part A requires students to assess the costs of various order quantities and quantify the concept of “robustness.“ Part B emphasizes managing the variables of annual demand, ordering cost, inventory carrying cost, and unit price to achieve strategic goals. The student must determine how to lower ordering costs to compensate for increases in the other variables as well as to help guide Just-In-Time implementation efforts.
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44

Mohebban-Azad, Ehsan, Amir-Reza Abtahi, and Reza Yousefi-Zenouz. "A reliable location-inventory-routing three-echelon supply chain network under disruption risks." Journal of Modelling in Management ahead-of-print, ahead-of-print (2021). http://dx.doi.org/10.1108/jm2-02-2020-0052.

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Purpose This study aims to design a reliable multi-level, multi-product and multi-period location-inventory-routing three-echelon supply chain network, which considers disruption risks and uncertainty in the inventory system. Design/methodology/approach A robust optimization approach is used to deal with the effects of uncertainty, and a mixed-integer nonlinear programming multi-objective model is proposed. The first objective function seeks to minimize inventory costs, such as ordering costs, holding costs and carrying costs. It also helps to choose one of the two modes of bearing the expense
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Kay, Michael G., Kenan Karagul, Yusuf Şahin, and Gurhan Gunduz. "Minimizing Total Logistics Cost for Long-Haul Multi-Stop Truck Transportation." Transportation Research Record: Journal of the Transportation Research Board, September 23, 2021, 036119812110415. http://dx.doi.org/10.1177/03611981211041596.

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Whenever there is sufficient demand, companies generally prefer the full truckload (TL) option for long-distance transport, resulting in large and less frequent shipment operations that can be costly if inventory carrying costs are high. Less than truckload (LTL) is another option for transport when carrying costs are high and/or there is insufficient demand. Shipment consolidation provides another option that combines many of the benefits of both TL and LTL. Shipment consolidation is a cost-effective transport solution that combines different size shipments into a single truckload. Combining
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E. Oguntade, Adegboyega, and Taiwo E. Mafimisebi. "PRICING AND OPERATIONAL EFFICIENCIES IN THE LIVESTOCK FEED MARKET IN ONDO STATE, NIGERIA." Revista de Economia e Agronegócio 8, no. 2 (2015). http://dx.doi.org/10.25070/rea.v8i2.169.

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The Nigerian commercial poultry sector is dependent on commercial feeds.Evaluation of the operational and pricing efficiencies of poultry feed marketing isessential for improving efficiencies in the feed industry and lowering the price ofpoultry products. A multistage sampling technique was used to select the firms studied.Tools used to analyze data collected included index of pricing and operational efficiencies;and regression analysis. The firms studied handled about N251,870,000 of feed perannum, had an annual Inventory Carrying Cost (ICC) of N4,587,762 and an averageICC of N114,694 per fir
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