Data-Driven Inventory Management: Integrated Estimation and Optimization

2018 ◽  
Author(s):  
Fabian Taigel ◽  
Jan Meller
2021 ◽  
Vol 11 (18) ◽  
pp. 8482
Author(s):  
Jie Li ◽  
Yuejin Tan ◽  
Bingfeng Ge ◽  
Hua Zhao ◽  
Xin Lu

This paper proposes a method on predicting the remaining useful life (RUL) of a concrete piston of a concrete pump truck based on probability statistics and data-driven approaches. Firstly, the average useful life of the concrete piston is determined by probability distribution fitting using actual life data. Secondly, according to condition monitoring data of the concrete pump truck, a concept of life coefficient of the concrete piston is proposed to represent the influence of the loading condition on the actual useful life of individual concrete pistons, and different regression models are established to predict the RUL of the concrete pistons. Finally, according to the prediction result of the concrete piston at different life stages, a replacement warning point is established to provide support for the inventory management and replacement plan of the concrete piston.


Author(s):  
Shuojiang Xu ◽  
Kim Hua Tan

From 21st century, enterprises combine supply chain management with big data to improve their products and services level. In China healthcare industry, supply chain decisions are made based on experience, due to the environment complexities, such as changing policies and license delay. A flexible and dynamic big data driven analysis approach for supply chain decisions is urgently required. This report demonstrates a case study on CRT forecasting model of inventory data to predict the market demand based on pervious transaction data. First a basic statistic approach has been applied to represent the superficial patterns and suggest some decisions. After that a CRT model has been built based on the several independent variables. And there is also a comparison between CRT and CHAID models to choose a better one to further build an improved model. Finally some limitations and future work have been proposed.


2020 ◽  
Author(s):  
Abdul Malek Abdul Rahman ◽  
Nur Azaliah Abu Bakar ◽  
Nor Zairah Ab Rahim ◽  
Hasimi Sallehudin

OR Spectrum ◽  
2018 ◽  
Vol 40 (4) ◽  
pp. 945-968 ◽  
Author(s):  
Özgün Turgut ◽  
Florian Taube ◽  
Stefan Minner

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