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REFERENCE LINKING PLATFORM OF KOREA S&T JOURNALS
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Industrial Engineering and Management Systems
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Journal DOI :
Korean Institute of Industrial Engineers
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Volume & Issues
Volume 8, Issue 4 - Dec 2009
Volume 8, Issue 3 - Sep 2009
Volume 8, Issue 2 - Jun 2009
Volume 8, Issue 1 - Mar 2009
Selecting the target year
The Impact of Nonconforming Items on (s, S) Inventory Model with Customer Order Reservation and Cancellation
Takemoto, Yasuhiko ; Arizono, Ikuo ;
Industrial Engineering and Management Systems, volume 8, issue 2, 2009, Pages 72~79
The ultimate goal of inventory management is to decide the timing and the quantity of ordering in response to uncertain demands. Recently, some researchers have focused upon an impact of distortions in the information, e.g., customer order cancellation, on an economical inventory policy. The customer order cancellation is considered a kind of distortions in demands, because a demand that is eventually cancelled is equivalent to a phony demand. Also, there are some additional distortions in the inventory information. For instance, the procurement of suppliers may include some nonconforming items as a result of imperfect production and inspection by the suppliers, and/or damage in transit. The nonconforming item should be considered a kind of distortions in the inventory information, because the nonconforming item is equivalent to a phony stock. In this article, we consider an inventory model under the situation that customers can cancel their orders and the procurement of suppliers may include some nonconforming items. Then, we introduce the customer order reservation into the inventory model for the purpose of avoiding the costly backlogs, because the customer order reservation gives retailers a period to fulfill customer's requests. We formulate a periodic review (s, S) inventory model and investigate the economical operation under the situation mentioned above. Further, through the sensitivity analysis, we show the impact of these distortions and the effect of the customer order reservation on the inventory policy.
An Inventory Rationing Method in a M-Store Regional Supply Chain Operating under the Order-up-to Level System
Monthatipkul, Chumpol ;
Industrial Engineering and Management Systems, volume 8, issue 2, 2009, Pages 80~92
This paper addresses the inventory rationing issue embedded in the regional supply chain inventory replenishment problem (RSIRP). The concerned supply chain, which was fed by the national supply chain, consisted of a single warehouse distributing a single product to multiple stores (M-stores) with independent and normally distributed customer demand. It was assumed that the supply chain operated under the order-up-to level inventory replenishment system and had only one truck at the regional warehouse. The truck could make one replenishment trip to one store per period (a round trip per period). Based on current inventories and the vehicle constraint, the warehouse must make two decisions in each period: which store in the region to replenish and what was the replenishment quantity? The objective was to position inventories so as to minimize lost sales in the region. The warehouse inventory was replenished in every fixed-interval from a source outside the region, but the store inventory could be replenished daily. The truck destination (store) in each period was selected based on its maximum expected shortage. The replenishment quantity was then determined based on the predetermined order-up-to level system. In case of insufficient warehouse inventories to fulfill all projected store demands, an inventory rationing rule must be applied. In this paper, a new inventory rationing rule named Expected Cost Minimization (ECM) was proposed based on the practical purpose. The numerical results based on real data from a selective industry show that its performance was better and more robust than the current practice and other sharing rules in the existing literature.
Model Averaging Methods for Estimating Implied and Local Volatility Surfaces
Kim, Nam-Hyoung ; Lee, Jae-Wook ; Han, Gyu-Sik ;
Industrial Engineering and Management Systems, volume 8, issue 2, 2009, Pages 93~100
In this paper, we review widely used methods to extract local volatility surfaces (LVSs) from implied volatility surfaces (IVSs) and suggest a model averaging method for constructing implied and local volatility surfaces weighted by trading volumes. It makes use of model averaging method by means of bandwidth priors, and then produces a robust LVS estimation. The method is shown to provide the information about the confidence interval of estimators as well as a rather less variable weighted mean value for the IVS and LVS. To show the merits of our proposed method, we conduct simulations on equity-linked warrants (ELWs) with reasonable and acceptable results.
Validation Measures of Bicluster Solutions
Lee, Young-Rok ; Lee, Jeong-Hwa ; Jun, Chi-Hyuck ;
Industrial Engineering and Management Systems, volume 8, issue 2, 2009, Pages 101~108
Biclustering is a method to extract subsets of objects and features from a dataset which are characterized in some way. In contrast to traditional clustering algorithms which group objects similar in a whole feature set, biclustering methods find groups of objects which have similar values or patterns in some features. Both in clustering and biclustering, validating how much the result is informative or reliable is a very important task. Whereas validation methods of cluster solutions have been studied actively, there are only few measures to validate bicluster solutions. Furthermore, the existing validation methods of bicluster solutions have some critical problems to be used in general cases. In this paper, we review several well-known validation measures for cluster and bicluster solutions and discuss their limitations. Then, we propose several improved validation indices as modified versions of existing ones.
A Proposal for Prototype-Free Production Preparation Processes Utilizing 3DCG Animations
Shinoda, Shinji ; Shimozawa, Kazuhiro ; Niwa, Akira ; Kawase, Takeshi ; Matsumoto, Toshiyuki ; Mizumachi, Tadahiro ;
Industrial Engineering and Management Systems, volume 8, issue 2, 2009, Pages 109~120
As the use of 3DCAD data became widespread in designing products in manufacturing, attempts have been made to shorten lead time and reduce cost of production preparation utilizing 3DCAD data for launching assembly lines. In order to create assembly plans not only efficient but easy for operators to operate ('easy-to-operate'), this study presents approaches, methods, and systems for creating 3DCGAs (3 Dimensional Computer Graphic Animations) which automatically utilize a prototype-free production preparation methodology. Characteristics of this study include that it proposes the methodology for creating assembly operation 3DCGAs automatically, for all the possible assembly operations corresponding each of the possible assembly sequences first. Using the created 3DCGAs, the study next considers assembly methods by evaluating how easy or 'operator friendly' they are in implementing, and devises tools or jigs to be used, and plans efficient assembly line organization. The concept of the methodology was formed by focusing on the value-adding assembly steps at which parts turn into products directly. The study also validates the effectiveness of the presented methodology by employing the methods used in actual production preparation process in businesses, and proves that an efficient assembly line can be organized in a shorter period of time utilizing the developed system and by preparing easy-to-operate and efficient plans in 3DCGAs at the design stage.
Evaluation of Car Seat Using Reliable and Valid Vehicle Seat Discomfort Survey
Deros, Baba Md. ; Daruis, Dian Darina Indah ; Nor, Mohd Jailani Mohd ;
Industrial Engineering and Management Systems, volume 8, issue 2, 2009, Pages 121~130
Subjective evaluation has always been regarded as a branch of social science research. Hence, in scientific and especially engineering points of view, its development is always taken for granted despite the importance of its effects on the design and development decisions. In the past, at least two automotive seat survey questionnaires have been developed with high statistical validity and reliability. Nonetheless, both were not local while subjective perception very much depends on demographic background factors. It is felt that since vehicle seat comfort is an important aspect in a seat design, a local sense should be put into the survey that is used as the subjective tool. The proposed vehicle seat discomfort survey questionnaire was developed in dual languages; English and Malay. Malay language is the national language of Malaysia, where the survey was tested. Beside inputs from literatures, key informant interviews helped in establishing the appropriate terms used as survey items. Three experimental runs on two different seats by 22 paid subjects showed that the developed questionnaire is reliable and valid. Furthermore, criterion validity analysis on the survey and previously developed survey showed significant correlation at 0.01 significance level.