Inventory Optimization

Inventory Optimization PDF Book Detail Author: Nicolas Vandeput
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110673991
Category : Business & Economics
Languages : en
Pages : 318

Book Description
In this book . . . Nicolas Vandeput hacks his way through the maze of quantitative supply chain optimizations. This book illustrates how the quantitative optimization of 21st century supply chains should be crafted and executed. . . . Vandeput is at the forefront of a new and better way of doing supply chains, and thanks to a richly illustrated book, where every single situation gets its own illustrating code snippet, so could you. --Joannes Vermorel, CEO, Lokad Inventory Optimization argues that mathematical inventory models can only take us so far with supply chain management. In order to optimize inventory policies, we have to use probabilistic simulations. The book explains how to implement these models and simulations step-by-step, starting from simple deterministic ones to complex multi-echelon optimization. The first two parts of the book discuss classical mathematical models, their limitations and assumptions, and a quick but effective introduction to Python is provided. Part 3 contains more advanced models that will allow you to optimize your profits, estimate your lost sales and use advanced demand distributions. It also provides an explanation of how you can optimize a multi-echelon supply chain based on a simple—yet powerful—framework. Part 4 discusses inventory optimization thanks to simulations under custom discrete demand probability functions. Inventory managers, demand planners and academics interested in gaining cost-effective solutions will benefit from the "do-it-yourself" examples and Python programs included in each chapter.

Inventory Optimization

Inventory Optimization PDF Book Detail Author: Nicolas Vandeput
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110673940
Category : Business & Economics
Languages : en
Pages : 318

Book Description
In this book . . . Nicolas Vandeput hacks his way through the maze of quantitative supply chain optimizations. This book illustrates how the quantitative optimization of 21st century supply chains should be crafted and executed. . . . Vandeput is at the forefront of a new and better way of doing supply chains, and thanks to a richly illustrated book, where every single situation gets its own illustrating code snippet, so could you. --Joannes Vermorel, CEO, Lokad Inventory Optimization argues that mathematical inventory models can only take us so far with supply chain management. In order to optimize inventory policies, we have to use probabilistic simulations. The book explains how to implement these models and simulations step-by-step, starting from simple deterministic ones to complex multi-echelon optimization. The first two parts of the book discuss classical mathematical models, their limitations and assumptions, and a quick but effective introduction to Python is provided. Part 3 contains more advanced models that will allow you to optimize your profits, estimate your lost sales and use advanced demand distributions. It also provides an explanation of how you can optimize a multi-echelon supply chain based on a simple—yet powerful—framework. Part 4 discusses inventory optimization thanks to simulations under custom discrete demand probability functions. Inventory managers, demand planners and academics interested in gaining cost-effective solutions will benefit from the "do-it-yourself" examples and Python programs included in each chapter.

Project Optimization

Project Optimization PDF Book Detail Author: Reyolando M.L.R.F. Brasil
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110625628
Category : Technology & Engineering
Languages : en
Pages : 147

Book Description
A comprehensive and easy to understand introduction to a wide range of tools to help designers to optimize their projects. The authors are engineers and therefore many of the examples are on engineering applications, but the techniques presented are common to various areas of knowledge and pervade disciplinary divisions. The book describes the fundamental ideas, mathematical and graphic methods and shows how to use Matlab and EXCEL for optimization.

Data Science for Supply Chain Forecasting

Data Science for Supply Chain Forecasting PDF Book Detail Author: Nicolas Vandeput
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110671204
Category : Business & Economics
Languages : en
Pages : 310

Book Description
Using data science in order to solve a problem requires a scientific mindset more than coding skills. Data Science for Supply Chain Forecasting, Second Edition contends that a true scientific method which includes experimentation, observation, and constant questioning must be applied to supply chains to achieve excellence in demand forecasting. This second edition adds more than 45 percent extra content with four new chapters including an introduction to neural networks and the forecast value added framework. Part I focuses on statistical "traditional" models, Part II, on machine learning, and the all-new Part III discusses demand forecasting process management. The various chapters focus on both forecast models and new concepts such as metrics, underfitting, overfitting, outliers, feature optimization, and external demand drivers. The book is replete with do-it-yourself sections with implementations provided in Python (and Excel for the statistical models) to show the readers how to apply these models themselves. This hands-on book, covering the entire range of forecasting—from the basics all the way to leading-edge models—will benefit supply chain practitioners, forecasters, and analysts looking to go the extra mile with demand forecasting.

Emerging Frontiers in Operations and Supply Chain Management

Emerging Frontiers in Operations and Supply Chain Management PDF Book Detail Author: B. Vipin
Publisher: Springer Nature
ISBN: 9811627746
Category : Business & Economics
Languages : en
Pages : 272

Book Description
This edited book addresses the challenges in managing the operations and supply chain of organizations in the era of internet of things and Industry 4.0. It presents cutting edge research on real world operations related problems, in-depth analyses, and relevant managerial implications. Wide variety of solution approaches such as quantitative, quantitative, and simulations are presented in the context of managing the operations and supply chains. Consisting of selected papers from the XXIII Annual International Conference of Society of Operations Management, this volume is part of a two volume series with the other book consisting of chapters on quantitative decision making. This edited book covers various quantitative models on operations and supply chain management such as inventory optimization, machine learning-operations research integrated model for healthcare systems, game-theoretic analysis of review strategies in truthful information sharing, design of contracts in supply chains, supply chain optimization, inventory routing, and shop floor scheduling. In addition to the quantitative models, several innovative heuristics are proposed for different problems. This book explores qualitative models on improving the performance of small and medium enterprises and petroleum industries and a simulation model for staff allocation in the information technology industry. Finally, this book provides review articles on vaccine supply chains and behavioral operations management. The book throws light on the emerging trends in the use of analytics, optimization, and simulation tools and empirical analysis to improve the performance of operations and supply chains of organizations. It will serve as an essential resource for practitioners, students, faculty members and scholars in operations management and related areas to gain knowledge and pursue high quality research on developments in areas such as managing the resource management and the solution methodology---innovative tools employed in addressing the real world problems and the different optimization techniques.

Supply Chain Management on Demand

Supply Chain Management on Demand PDF Book Detail Author: Chae An
Publisher: Springer Science & Business Media
ISBN: 3540273549
Category : Computers
Languages : en
Pages : 332

Book Description
Written by supply chain researchers, consultants, and practitioners, this book explains the newly emerging techniques and practices for highly efficient supply chain management, made possible by the rapid progress in information and communication technologies.

Computational Optimization Methods and Algorithms

Computational Optimization  Methods and Algorithms PDF Book Detail Author: Slawomir Koziel
Publisher: Springer
ISBN: 3642208592
Category : Technology & Engineering
Languages : en
Pages : 283

Book Description
Computational optimization is an important paradigm with a wide range of applications. In virtually all branches of engineering and industry, we almost always try to optimize something - whether to minimize the cost and energy consumption, or to maximize profits, outputs, performance and efficiency. In many cases, this search for optimality is challenging, either because of the high computational cost of evaluating objectives and constraints, or because of the nonlinearity, multimodality, discontinuity and uncertainty of the problem functions in the real-world systems. Another complication is that most problems are often NP-hard, that is, the solution time for finding the optimum increases exponentially with the problem size. The development of efficient algorithms and specialized techniques that address these difficulties is of primary importance for contemporary engineering, science and industry. This book consists of 12 self-contained chapters, contributed from worldwide experts who are working in these exciting areas. The book strives to review and discuss the latest developments concerning optimization and modelling with a focus on methods and algorithms for computational optimization. It also covers well-chosen, real-world applications in science, engineering and industry. Main topics include derivative-free optimization, multi-objective evolutionary algorithms, surrogate-based methods, maximum simulated likelihood estimation, support vector machines, and metaheuristic algorithms. Application case studies include aerodynamic shape optimization, microwave engineering, black-box optimization, classification, economics, inventory optimization and structural optimization. This graduate level book can serve as an excellent reference for lecturers, researchers and students in computational science, engineering and industry.

Mathematics Applied to Engineering and Management

Mathematics Applied to Engineering and Management PDF Book Detail Author: Mangey Ram
Publisher: CRC Press
ISBN: 1351123289
Category : Mathematics
Languages : en
Pages : 302

Book Description
This book offers the latest research advances in the field of mathematics applications in engineering sciences and provides a reference with a theoretical and sound background, along with case studies. In recent years, mathematics has had an amazing growth in engineering sciences. It forms the common foundation of all engineering disciplines. This new book provides a comprehensive range of mathematics applied to various fields of engineering for different tasks in fields such as civil engineering, structural engineering, computer science, electrical engineering, among others. It offers articles that develop the applications of mathematics in engineering sciences, conveys the innovative research ideas, offers real-world utility of mathematics, and plays a significant role in the life of academics, practitioners, researchers, and industry leaders. Focuses on the latest research in the field of engineering applications Includes recent findings from various institutions Identifies the gaps in the knowledge of the field and provides the latest approaches Presents international studies and findings in modelling and simulation Offers various mathematical tools, techniques, strategies, and methods across different engineering fields

Optimization Models and Concepts in Production Management

Optimization Models and Concepts in Production Management PDF Book Detail Author: Bradimaarte
Publisher: CRC Press
ISBN: 9782884490207
Category : Mathematics
Languages : en
Pages : 339

Book Description
Optimization techniques in production management are becoming increasingly important for efficient and competitive manufacturing. This book presents a collection of tutorial papers by outstanding researchers on the application of optimization concepts. Topics introduced include hierarchical production planning and large scale scheduling, optimal production control, exact and heuristic algorithms for production scheduling and stochastic modelling.

Encyclopedia of Information Science and Technology Third Edition

Encyclopedia of Information Science and Technology  Third Edition PDF Book Detail Author: Khosrow-Pour, Mehdi
Publisher: IGI Global
ISBN: 1466658894
Category : Computers
Languages : en
Pages : 10384

Book Description
"This 10-volume compilation of authoritative, research-based articles contributed by thousands of researchers and experts from all over the world emphasized modern issues and the presentation of potential opportunities, prospective solutions, and future directions in the field of information science and technology"--Provided by publisher.

Computer Information Systems and Industrial Management

Computer Information Systems and Industrial Management PDF Book Detail Author: Khalid Saeed
Publisher: Springer
ISBN: 3319453785
Category : Computers
Languages : en
Pages : 754

Book Description
This book constitutes the proceedings of the 15th IFIP TC8 International Conference on Computer Information Systems and Industrial Management, CISIM 2016, held in Vilnius, Lithuania, in September 2016. The 63 regular papers presented together with 1 inivted paper and 5 keynotes in this volume were carefully reviewed and selected from about 89 submissions. The main topics covered are rough set methods for big data analytics; images, visualization, classification; optimization, tuning; scheduling in manufacturing and other applications; algorithms; decisions; intelligent distributed systems; and biometrics, identification, security.

Advanced Analytical Models

Advanced Analytical Models PDF Book Detail Author: Johnathan Mun
Publisher: John Wiley & Sons
ISBN: 047025811X
Category : Business & Economics
Languages : en
Pages : 560

Book Description
If you’re seeking solutions to advanced and even esoteric problems, Advanced Analytical Models goes beyond theoretical discussions of modeling by facilitating a thorough understanding of concepts and their real-world applications—including the use of embedded functions and algorithms. This reliable resource will equip you with all the tools you need to quantitatively assess risk in a range of areas, whether you are a risk manager, business decision-maker, or investor.

Cost Effectiveness in Health and Medicine

Cost Effectiveness in Health and Medicine PDF Book Detail Author: Marthe R. Gold
Publisher: Oxford University Press
ISBN: 9780199771417
Category : Medical
Languages : en
Pages : 456

Book Description
A unique, in-depth discussion of the uses and conduct of cost-effectiveness analyses (CEAs) as decision-making aids in the health and medical fields, this volume is the product of over two years of comprehensive research and deliberation by a multi-disciplinary panel of economists, ethicists, psychometricians, and clinicians. Exploring cost-effectiveness in the context of societal decision-making for resource allocation purposes, this volume proposes that analysts include a "reference-case" analysis in all CEAs designed to inform resource allocation and puts forth the most explicit set of guidelines (together with their rationale) ever defined on the conduct of CEAs. Important theoretical and practical issues encountered in measuring costs and effectiveness, evaluating outcomes, discounting, and dealing with uncertainty are examined in separate chapters. Additional chapters on framing and reporting of CEAs elucidate the purpose of the analysis and the effective communication of its findings. Cost-Effectiveness in Health and Medicine differs from the available literature in several key aspects. Most importantly, it represents a consensus on standard methods--a feature integral to a CEA, whose principal goal is to permit comparisons of the costs and health outcomes of alternative ways of improving health. The detailed level at which the discussion is offered is another major distinction of this book, since guidelines in journal literature and in CEA-related books tend to be rather general--to the extent that the analyst is left with little guidance on specific matters. The focused overview of the theoretical background underlying areas of controversy and of methodological alternatives, and, finally, the accessible writing style make this volume a top choice on the reading lists of analysts in medicine and public health who wish to improve practice and comparability of CEAs. The book will also appeal to decision-makers in government, managed care, and industry who wish to consider the uses and limitations of CEAs.

Current Issues in Computer Simulation

Current Issues in Computer Simulation PDF Book Detail Author: Nabil R. Adam
Publisher: Academic Press
ISBN: 1483258033
Category : Reference
Languages : en
Pages : 312

Book Description
Current Issues in Computer Simulation is a collection of papers dealing with computer simulation languages, statistical aspects of simulation, linkage with optimization and analytical models, as well as theory and application of simulation methodology. Some papers explain the General Purpose Simulation System (GPSS), a programming package incorporating a language to simulate discrete systems; and the SIMSCRIPT, a general-purpose simulation language using English commands, for example, FORTRAN. Another simulation language is the General Activity Simulation Program (GASP), providing for an organizational structure to build models to simulate the dynamic performance of systems on a digital computer. Other papers discuss simulation models of real systems, including corporate simulation models, multistage consumer choice process, determination of maximum occupancy for hospital facilities, and the juvenile court system. Many computer simulations are statistical sampling experiments performed on a model of the system under investigation. Other papers discuss some of the variables involved in the statistical design and analysis of simulation experiments such as variance reduction techniques, generation of random variates, and experimental layout. For example, one application simulates inventory systems when many items are stocked in various locations. The collection is suitable for programmers, computer engineers, businessmen, hospital administrators, schools officials, and depositories of huge volumes of information or data.

Air Pollution Modelling and Simulation

Air Pollution Modelling and Simulation PDF Book Detail Author: Bruno Sportisse
Publisher: Springer Science & Business Media
ISBN: 3662049562
Category : Science
Languages : en
Pages : 592

Book Description
This book collates the written contributions of the Second Conference on Air Pollution Modelling and Simulation (APMS 2001). A wide range of current topics is covered, focusing on three challenging issues: (1) the modelling issue of complex, multiphase, atmospheric chemistry; (2) the numerical issue associated with comprehensive three-dimensional chemistry-transport models; and (3) the key issues of data assimilation and inverse modelling. State-of-the art research is presented with many operational procedures applied at either forecast agencies or companies.

Business Intelligence Strategy and Big Data Analytics

Business Intelligence Strategy and Big Data Analytics PDF Book Detail Author: Steve Williams
Publisher: Morgan Kaufmann
ISBN: 0128094893
Category : Computers
Languages : en
Pages : 240

Book Description
Business Intelligence Strategy and Big Data Analytics is written for business leaders, managers, and analysts - people who are involved with advancing the use of BI at their companies or who need to better understand what BI is and how it can be used to improve profitability. It is written from a general management perspective, and it draws on observations at 12 companies whose annual revenues range between $500 million and $20 billion. Over the past 15 years, my company has formulated vendor-neutral business-focused BI strategies and program execution plans in collaboration with manufacturers, distributors, retailers, logistics companies, insurers, investment companies, credit unions, and utilities, among others. It is through these experiences that we have validated business-driven BI strategy formulation methods and identified common enterprise BI program execution challenges. In recent years, terms like “big data” and “big data analytics” have been introduced into the business and technical lexicon. Upon close examination, the newer terminology is about the same thing that BI has always been about: analyzing the vast amounts of data that companies generate and/or purchase in the course of business as a means of improving profitability and competitiveness. Accordingly, we will use the terms BI and business intelligence throughout the book, and we will discuss the newer concepts like big data as appropriate. More broadly, the goal of this book is to share methods and observations that will help companies achieve BI success and thereby increase revenues, reduce costs, or both. Provides ideas for improving the business performance of one’s company or business functions Emphasizes proven, practical, step-by-step methods that readers can readily apply in their companies Includes exercises and case studies with road-tested advice about formulating BI strategies and program plans