scholarly journals Smart Advisor: An Intelligent Inventory Prediction Based On Regression Model

Author(s):  
Ömer Küçük ◽  
Farzad Kiani

Today one of the biggest expense items of the enterprises is raw material and stock amounts. Therefore, proper inventory management is very important for the profitability of the enterprises. Products that are not purchased on time cause interruptions in production and products left over because the expiration date has passed will also cause losses for businesses. Therefore, proper inventory management is critical for profit / loss situations of businesses. In this paper we presented a model to predict the demand of certain stock items by using a regression model. Our model can analysis and computer the prediction results on agiven dataset. We evaluate our model on sample dataset and provide the analysis as well calculations over the existing inventory. Accurate analysis of stock consumption enables accurate estimation of the amount of stock to be consumed in the future. Accurate forecasting of stock consumption helps to take corrective steps in decision making. That is, it only allows you to buy in sufficient quantity when necessary. These stages are critical for economic stock management. For this reason, robust and adaptable approaches that can provide models ensure that stock consumption can be managed properly. It is difficult to find previously written sources on estimating the direction of stock movements. One of the most important reasons for this is the lack of incentive to make such studies in the academic literature. As a result, articles written about the subject and the work done have been limited, the results have not reached the reproducible level.

2020 ◽  
Vol 20 (2) ◽  
Author(s):  
Ardhitya Alam Wiguna ◽  
Linda Ekadewi Widyatami

Doho Suwar-Suwir is a Micro Small Medium Enterprises (UMKM) processing Fermented Cassava (Tape Singkong) to become a processed food in Jember, which is Suwar-Suwir. To maintain the stability of production process, needs a control for the stock management towards the raw material at Doho Suwar-Suwir UMKM. The raw material inventory management at Doho Suwar-Suwir UMKM is about fermented cassava raw material inventory which then are processed to become the typical food of Jember Regency, which is Suwar-Suwir. The goal of this research were to analyze the fermented cassava raw material inventory quantity and to analyze the safety stock quantity at Doho Suwar-Suwir UMKM. The method used in this research was stock management calculation or Economical Order Quantity (EOQ) where the result of this research was the quantity of fermented cassava raw material  needed using Economical Order Quantity (EOQ) method at Doho Suwar-Suwir business was 60,6 kg and the number of the safety stock which must exist was 5,5 kg.


2020 ◽  
Vol 5 (1) ◽  
pp. 45-54
Author(s):  
Hartono Hartono ◽  
Indit Andaresta

The purpose of this study is to determine how much the influence of raw material inventory management to the inventory cost efficiency at PT Harmoni Makmur Sejahtera. This study uses quantity research methods by giving questionnaires to 30 respondents, the calculation and data analysis conducted by using SPSS version 25. From the data proccessing, it was found a correlation value of 0.671, thus it can be concluded that there is a strong correlation between the variables of raw material stock management (X) on the efficiency of inventory costs (Y). Result of R square (R2) value of 0.451 or in the amount of 45.1%, therefore it can be said that the raw material inventory control variable has an effect of 45.1% on inventory cost management. The test results show that the t count is 4.793. The t table value, which is the standard, obtained the t table value at a significance level of 0.05, which is 2.480. The analysis results show the value of t count> t table (4.793> 2.480). This means that Ho is rejected and H1 is accepted, or there is a positive and significant influence between Raw Material Inventory Management on Inventory Efficiency.


2000 ◽  
Vol 5 (1) ◽  
pp. 44-51 ◽  
Author(s):  
Peter Greasley

It has been estimated that graphology is used by over 80% of European companies as part of their personnel recruitment process. And yet, after over three decades of research into the validity of graphology as a means of assessing personality, we are left with a legacy of equivocal results. For every experiment that has provided evidence to show that graphologists are able to identify personality traits from features of handwriting, there are just as many to show that, under rigorously controlled conditions, graphologists perform no better than chance expectations. In light of this confusion, this paper takes a different approach to the subject by focusing on the rationale and modus operandi of graphology. When we take a closer look at the academic literature, we note that there is no discussion of the actual rules by which graphologists make their assessments of personality from handwriting samples. Examination of these rules reveals a practice founded upon analogy, symbolism, and metaphor in the absence of empirical studies that have established the associations between particular features of handwriting and personality traits proposed by graphologists. These rules guide both popular graphology and that practiced by professional graphologists in personnel selection.


2020 ◽  
Vol 30 (Supplement_5) ◽  
Author(s):  
C Quercioli ◽  
G A Carta ◽  
G Cevenini ◽  
G Messina ◽  
N Nante ◽  
...  

Abstract Background Careful scheduling of elective surgery Operating Rooms (ORs) is crucial for their efficient use, to avoid low/over utilization and staff overtime. Accurate estimation of procedures duration is essential to improve ORs scheduling. Therefore analysis of historical data about surgical times is fundamental to ORs management. We analyzed the effect, in a real setting, of an ORs scheduling model based on estimated optimum surgical time in improving ORs efficiency and decreasing the risk of overtime. Methods We studied all the 2014-2019 elective surgery sessions (3,758 sessions, 12,449 interventions) of a district general hospital in Siena's Province, Italy. The hospital had3 ORs open 5 days/week 08:00-14:00. Surgery specialties were general surgery, orthopedics, gynecology and urology. Based on a pilot study conducted in 2016, which estimated a 5 times greater risk of having an OR overtime for sessions with a surgical time (incision-suture)>200 minutes, from 2017 all the ORs were scheduled using a maximum surgical time of 200 minutes calculated summing the mean surgical times for intervention and surgeon (obtained from 2014-2016 data). We carried out multivariate logistic regression to calculate the probability of ORs overtime (of 15 and 30 minutes) for the periods 2014-2016 and 2017-2019adjusting for raw ORs utilization. Results The 2017-2019 risk of an OR overtime of 15 minutes decreased by 25% compared to the 2014-2016 period (OR = 0.75, 95%CI=0.618-0.902, p = 0.003); the risk of a OR overtime of 30 minutes decreased by 33% (OR = 0.67, 95%CI= 0.543-0.831, p < 0.001). Mean raw OR utilization increase from 62% to 66% (p < 0.001). Mean number of interventions per surgery sessions increased from 3.1 to 3.5 (p < 0.001). Conclusions This study has shown that an analysis of historical data and an estimate of the optimal surgical time per surgical session could be helpful to avoid both a low and excessive use of the ORs and therefore to increase the efficiency of the ORs. Key messages An accurate analysis of surgical procedures duration is crucial to optimize operating room utilization. A data-based approach can improve OR management efficiency without extra resources.


2013 ◽  
Vol 38 (02) ◽  
pp. 364-402 ◽  
Author(s):  
Michelle Oberman

Laws governing adolescent sexuality are incoherent and chaotically enforced, and legal scholarship on the subject neither addresses nor remedies adolescents’ vulnerability in sexual encounters. To posit a meaningful relationship between the criminal law and adolescent sexual encounters, one must examine what we know about adolescent sexuality from both the academic literature and the adults who control the criminal justice response to such interactions. This article presents an in-depth study of In re John Z., a 2003 rape prosecution involving two seventeen-year-olds. Using this case, I explore the implications of the prosecution by interviewing a variety of experts and analyzing the contemporary literature on sexual norms among youth. I also relate a series of interviews conducted with the major players in the prosecution. Examining this case from a variety of perspectives permits a deeper understanding of how the law regulates adolescent sexual encounters and why it fails.


Arts ◽  
2021 ◽  
Vol 10 (2) ◽  
pp. 30
Author(s):  
Catherine Burdick

There exists a consensus in academic literature regarding the centrality of engraved prototypes for the production of colonial paintings in the Spanish Americas. In Peru, these artistic models were written into legal contracts between painters and clients. An examination of the notarial contracts produced in Cusco from 1650 to 1700 suggests that prototypes in a variety of formats were not only central to artistic professional practice, but that adherence to their images may have provided one motive for entering into such agreements. This study leans upon the centrality of Flemish print sources to confirm the attribution of a partial canvas at the Pinacoteca Universidad de Concepción, Chile as an episode of the series on the life of Diego de Alcalá (c. 1710) in Santiago, Chile. Commissioned from Cusco by the Franciscans of Santiago, the status of the hagiographic cycle as the most extensive ever produced on the subject of this missionary saint dictates that a multiplicity of sources was necessary for its creation. By identifying two engravings that served as its models, this study recovers the subject of this painting as a miracle that sustained Diego during an arduous journey.


2017 ◽  
Vol 7 (1) ◽  
pp. 50-54 ◽  
Author(s):  
Mária Chovancová ◽  
Vladimír Klapita

AbstractSupply process is one of the most important enterprise activities. All raw materials, intermediate products and products, which are moved within enterprise, are the subject of inventory management and by their effective management significant improvement of enterprise position on the market can be achieved. For that reason, the inventory needs to be managed, monitored, evaluated and affected. The paper deals with utilizing the methods of the operational analysis in the field of inventory management in terms of achieving the economic efficiency and ensuring the particular customer’s service level as well.


2014 ◽  
Vol 20 (5) ◽  
pp. 671-690 ◽  
Author(s):  
Desireé Gaillard ◽  
Kate Hughes

AbstractThis research is a pilot study on identifying the social initiatives that could potentially provide employment opportunities for female Sudanese refugees settled in western Sydney, Australia. An interpretative ethnographic approach was employed to analyse academic literature, government information and data gathered through in-depth interviews with a not-for-profit organisation working with this community. The outcome of this research emphasises three fundamental questions that relate to community value, customer need and opportunity risk that need to be considered with respect to the limitations that are framed by the social initiatives identified in relation to reducing unemployment for these women. This study revealed an interesting observation: programs that make use of existing skills create new opportunities in the employment market, whereas programmes that provide new skills or a combination of new and existing skills, were more inclined to link to existing opportunities in the employment market.


1974 ◽  
Vol 24 ◽  
pp. 79-96
Author(s):  
Samuel H. Beer

It is appropriate that an American should address himself to the subject of public opinion. For, in terms of quantity, Americans have made the subject peculiarly their own. They have also invested it with characteristically American concerns. Most of the work done on the subject in the United States is oriented by a certain theoretical approach. This approach is democratic and rationalist. Both aspects create problems. In this paper I wish to play down the democratic problem, viz., how many of the voters are capable of thinking sensibly about public policy, and emphasize rather the difficulties that arise from modern rationalism. Here I take a different tack from most historians of the concept of public opinion, who, taking note of the origin of the term in the mid-eighteenth century, stress its connection with the rise of representative government and democratic theory.


1948 ◽  
Vol 135 (879) ◽  
pp. 133-147

In 1880 George Eastman commenced the manufacture and sale of gelatin photographic dry plates in Rochester, New York. From that undertaking, the Eastman Kodak Company, incorporated as an American company in 1902, has developed. In 1912 Mr Eastman decided to organize a laboratory, independent of the factory laboratories, which should carry out work on both the science and practice of photography. He was influenced by his observation of the success of industrial research under Dr Whitney’s direction at the research laboratory of the General Electric Company in Schenectady, New York, U. S. A. and of the laboratories of the great German dye works. He had been particularly impressed by the work done by the Bayer Company at Elberfeld. In 1906 I had completed my thesis for the doctorate of science at University College, London, the subject being the theory of the photographic process, and had joined the old-established but very small firm of Wratten and Wainwright, Ltd., of Croydon as joint managing director. At Croydon both the conduct of research on photography and its application to the manufacture of photographic materials were continued actively, so that by 1912 many new materials had been introduced, especially panchromatic plates and the light filters and dark-room safe-lights required for their use; and the little firm was flourishing.


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