scholarly journals Filtering and predicting the cost of hidden perished items in an inventory model

2002 ◽  
Vol 15 (3) ◽  
pp. 235-245
Author(s):  
Lakhdar Aggoun ◽  
Lakdere Benkherouf
Keyword(s):  
Joint Distribution ◽  
Inventory Model ◽  
The State ◽  
Inventory Level ◽  
Discrete State ◽  
History Of ◽  
Accumulated Losses ◽  
The Cost ◽  
State Of The Environment ◽  
Recursive Estimators

This paper is concerned with a discrete time, discrete state inventory model for items of changing quality. Items are assumed to be in one of a finite number, M, of quality classes that are ordered in such a way that Class 1 contains the best quality and the last class contains the pre-perishable quality. The changes of items' quality are dependent on the state of the ambient environment. Furthermore, at each epoch time, items of different classes may be sold or moved to a lower quality class or stay in the same class. These items are priced according to their quality, and costs are incurred as items lose quality. Based on observing the history of the inventory level and prices, we propose recursive estimators as well as predictors for the joint distribution of the accumulated losses and the state of the environment.

scholarly journals A stochastic inventory model with perishable and aging items

1999 ◽  
Vol 12 (1) ◽  
pp. 23-29 ◽  
Author(s):  
Lakhdar Aggoun ◽  
Lakdere Benkherouf ◽  
Lotfi Tadj
Keyword(s):  
Inventory Model ◽  
Inventory Level ◽  
Change Of Measure ◽  
Single Product ◽  
Perishable Items ◽  
Stochastic Inventory ◽  
Maximum Lifetime ◽  
Stochastic Inventory Model ◽  
History Of ◽  
Special Case

In this paper, we propose a single-product, discrete time inventory model for perishable items. Inventory levels are reviewed periodically and units in stock have a maximum lifetime of M periods. It is assumed that the dynamics of the inventory level is driven by a parameter process (reflecting perishability) and demands. By observing the history of the inventory level we obtain the conditional distribution of the perishability parameter by using the change of measure techniques. A special case is also presented.

scholarly journals DEVELOPMENT OF TECHNICAL FACILITIES AND TECHNOLOGIES FOR TRANSPORTATION OF GRAIN CARGO IN UKRAINE BY LARGE TRANSPORT

2020 ◽  
pp. 74-85
Author(s):  
О. В. МУРАДЯН
Keyword(s):  
Development Program ◽  
Developed Countries ◽  
The State ◽  
Practical Significance ◽  
History Of Development ◽  
History Of ◽  
Cargo Transportation ◽  
The Cost ◽  
Transportation Technologies ◽  
Cost Of Transportation

Purpose. The purpose of the article is to study the development of technologies and technical means of transportation of grain cargoes by rail in Ukraine. Methodology. The research was carried out on the basis of methods for analyzing the state of development of the processes of transportation of grain cargo in Ukraine and in other states, as well as analysis of literature sources, statistical reports on the export of grain, the state of railways. Results. The paper deals with the history of development and the problem of organizing cargo transportation to seaports by independent carriers. The needs for reducing the cost of transportation of grain cargo are determined. It has been established that when solving this issue, one should use the achievements of domestic scientists, as well as the know-how of advanced developed countries in the implementation of grain transportation. The study shows the potential for applying foreign experience, taking into account the peculiarities of the local specifics of the development of political and geographic conditions and the existing infrastructure. Scientific novelty. The scientific novelty of the work lies in the fact that it provides a study of methods for organizing the transportation of grain cargo by rail, used in the world and an analysis of the possibility of their application in Ukraine. Practical significance. The practical significance of the work lies in the fact that it can be used for further research, development of a state development program and assistance to the agro-industrial industry of Ukraine, in the analysis of the construction of new elevators, the introduction of new transportation technologies, as well as for assessing the costs associated with various logistics schemes for grain delivery to seaports.

OPTIMAL REPLENISHMENT POLICY FOR AN INTEGRATED SUPPLIER–BUYER DETERIORATING INVENTORY MODEL CONSIDERING MULTIPLE JIT DELIVERY AND OTHER COST FUNCTIONS

2007 ◽  
Vol 24 (01) ◽  
pp. 125-145 ◽  
Author(s):  
CHUN-JEN CHUNG ◽  
HUI-MING WEE
Keyword(s):  
Storage Time ◽  
Transportation Cost ◽  
Inventory Model ◽  
Inventory Level ◽  
Rigorous Analysis ◽  
Factors Affecting ◽  
Inspection Cost ◽  
Replenishment Policy ◽  
The Cost ◽  
The Relationship

This study develops an integrated deteriorating inventory policy for a single-buyer–single-supplier model with multiple JIT deliveries considering the transportation cost, inspection cost and the cost of less flexibility. Distinct from the former concept of average inventory level, our paper proposes a significantly different approach to deal with the first production batch and uses a revised method to approximate the relationship between the supplier's production time and the storage time. We provide a rigorous analysis to derive the number of inspection and deliveries, the optimal cycle time of deliveries, and the delivery size for the replenishment policy of the integrated buyer–supplier inventory deteriorating model. It is shown that the unit inspection cost is one of the critical factors affecting the deteriorating inventory model. A numerical example is presented to illustrate the theory.

scholarly journals A weak convergence approach to inventory control using a long-term average criterion

2018 ◽  
Vol 50 (4) ◽  
pp. 1032-1074 ◽  
Author(s):  
K. L. Helmes ◽  
R. H. Stockbridge ◽  
C. Zhu
Keyword(s):  
Brownian Motion ◽  
Weak Convergence ◽  
Inventory Control ◽  
Linear Equations ◽  
Auxiliary Function ◽  
Inventory Model ◽  
Inventory Level ◽  
Function Of Two Variables ◽  
The Cost

Abstract In this paper we continue the examination of inventory control in which the inventory is modeled by a diffusion process and a long-term average cost criterion is used to make decisions. The class of such models under consideration has general drift and diffusion coefficients, and boundary points that are consistent with the notion that demand should tend to reduce the inventory level. The conditions on the cost functions are greatly relaxed from those in Helmes et al. (2017). Characterization of the cost of a general (s, S) policy as a function of two variables naturally leads to a nonlinear optimization problem over the ordering levels s and S. Existence of an optimizing pair (s*, S*) is established for these models under very weak conditions; nonexistence of an optimizing pair is also discussed. Using average expected occupation and ordering measures and weak convergence arguments, weak conditions are given for the optimality of the (s*, S*) ordering policy in the general class of admissible policies. The analysis involves an auxiliary function that is globally C2 and which, together with the infimal cost, solves a particular system of linear equations and inequalities related to but different from the long-term average Hamilton‒Jacobi‒Bellman equation. This approach provides an analytical solution to the problem rather than a solution involving intricate analysis of the stochastic processes. The range of applicability of these results is illustrated on a drifted Brownian motion inventory model, both unconstrained and reflected, and on a geometric Brownian motion inventory model under two different cost structures.

Ras al Khaimah: further archaeological discoveries

Antiquity ◽  
1976 ◽  
Vol 50 (200) ◽  
pp. 216-222
Author(s):  
Beatrice De Cardi
Keyword(s):  
United Arab Emirates ◽  
The State ◽  
Focused Attention ◽  
North East ◽  
The North ◽  
History Of ◽  
The City

Ras a1 Khaimah is the most northerly of the seven states comprising the United Arab Emirates and its Ruler, H. H. Sheikh Saqr bin Mohammad al-Qasimi, is keenly interested in the history of the state and its people. Survey carried out there jointly with Dr D. B. Doe in 1968 had focused attention on the site of JuIfar which lies just north of the present town of Ras a1 Khaimah (de Cardi, 1971, 230-2). Julfar was in existence in Abbasid times and its importance as an entrep6t during the sixteenth and seventeenth centuries-the Portuguese Period-is reflected by the quantity and variety of imported wares to be found among the ruins of the city. Most of the sites discovered during the survey dated from that period but a group of cairns near Ghalilah and some long gabled graves in the Shimal area to the north-east of the date-groves behind Ras a1 Khaimah (map, FIG. I) clearly represented a more distant past.

Chasing Angels: The Sweet Wine Angelica

2008 ◽  
Vol 8 (3) ◽  
pp. 74-78
Author(s):  
hank shaw
Keyword(s):  
The State ◽  
The Real ◽  
Mission Period ◽  
History Of ◽  
Uncertain Future ◽  
Sweet Wine ◽  
Made In

Portugal has port, Spain has sherry, Sicily has Marsala –– and California has angelica. Angelica is California's original wine: The intensely sweet, fortified dessert cordial has been made in the state for more than two centuries –– primarily made from Mission grapes, first brought to California by the Spanish friars. Angelica was once drunk in vast quantities, but now fewer than a dozen vintners make angelica today. These holdouts from an earlier age are each following a personal quest for the real. For unlike port and sherry, which have strict rules about their production, angelica never gelled into something so distinct that connoisseurs can say, ““This is angelica. This is not.”” This piece looks at the history of the drink, its foggy origins in the Mission period and on through angelica's heyday and down to its degeneration into a staple of the back-alley wino set. Several current vintners are profiled, and they suggest an uncertain future for this cordial.

The Goal of the Moment (Summary of the Lecture Delivered by Ivan Ilyin in May 1917)

2019 ◽  
Vol 60 ◽  
pp. 424-428
Author(s):  
Alexandra I. Vakulinskaya
Keyword(s):  
The State ◽  
October Revolution ◽  
Legal Consciousness ◽  
New Order ◽  
History Of ◽  
The Moment

This publication is devoted to one of the episodes of I. A. Ilyin’s activity in the period “between two revolutions”. Before the October revolution, the young philosopher was inspired by the events of February 1917 and devoted a lot of time to speeches and publications on the possibility of building a new order in the state. The published archive text indicates that the development of Ilyin’s doctrine “on legal consciousness” falls precisely at this tragic moment in the history of Russia.

PREREQUISITES FOR THE FORMATION OF A MECHANISM FOR STATE REGULATION OF SOCIAL GUARANTEES IN THE REGION

2017 ◽  
Author(s):  
Vitaly Lobas ◽  
◽  
Elena Petryaeva ◽  
Keyword(s):  
Social Protection ◽  
Well Being ◽  
State Regulation ◽  
The State ◽  
Point Of View ◽  
Periodic Review ◽  
Cost Of Living ◽  
Economic Relations ◽  
State Management ◽  
The Cost

The article deals with modern mechanisms for managing social protection of the population by the state and the private sector. From the point of view of forms of state regulation of the sphere of social protection, system indicators usually include the state and dynamics of growth in the standard of living of the population, material goods, services and social guarantees for the poorly provided segments of the population. The main indicator among the above is the state of the consumer market, as one of the main factors in the development of the state. Priority areas of public administration with the use of various forms of social security have been identified. It should be emphasized that, despite the legislative conflicts that exist today in Ukraine, mandatory indexation of the cost of living is established, which is associated with inflation. Various scientists note that although the definition of the cost of living index has a well-established methodology, there are quite a lot of regional features in the structure of consumption. All this is due to restrictions that are included in the consumer basket of goods and different levels of socio-economic development of regions. The analysis of the establishment and periodic review of the minimum consumer budgets of the subsistence minimum and wages of the working population and the need to form state insurance funds for unforeseen circumstances is carried out. Considering in this context the levers of state management of social guarantees of the population, we drew attention to the crisis periods that are associated with the market transformation of the regional economy. In these conditions, there is a need to develop and implement new mechanisms and clusters in the system of socio-economic relations. The components of the mechanisms ofstate regulation ofsocial guarantees of the population are proposed. The deepening of market relations in the process of reforming the system of social protection of the population should be aimed at social well-being.

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