scholarly journals Forecasting of Production Order Lead Time in Sme’s

Author(s):  
Toma Berlec ◽  
Marko Starbek
Keyword(s):  
Author(s):  
Pekka Koskinen ◽  
Olli-Pekka Hilmola

In this research work we are interested about connection between lead time performance, and production order size as well as in how many production lots this order was eventually produced. Based on the system dynamics simulation model, the authors got a priori assumption that production lots have in multiproduct environment better explanation power. Our empirical findings give support for this – number of production lots explain in production environment manufacturing lead time much better than production order size. Further support is gained from supply chain phases, which are analyzed similarly, but as surprise explanation power of production lots decreases, and seems to be significantly lower in more distant markets. It is interesting to note that currently used IT applications of analyzed global case company do not give real time snapshot regarding to the development of overall supply chain lead time.


Author(s):  
Pekka Koskinen ◽  
Olli-Pekka Hilmola

In this research work we are interested about connection between lead time performance, and production order size as well as in how many production lots this order was eventually produced. Based on the system dynamics simulation model, the authors got a priori assumption that production lots have in multiproduct environment better explanation power. Our empirical findings give support for this – number of production lots explain in production environment manufacturing lead time much better than production order size. Further support is gained from supply chain phases, which are analyzed similarly, but as surprise explanation power of production lots decreases, and seems to be significantly lower in more distant markets. It is interesting to note that currently used IT applications of analyzed global case company do not give real time snapshot regarding to the development of overall supply chain lead time.


2019 ◽  
Vol 6 (1) ◽  
pp. 48-50
Author(s):  
Ikram Uddin

This study will explain the impact of China-Pak Economic Corridor (CPEC) on logistic system of China and Pakistan. This project is estimated investment of US $90 billion, CPEC project is consists of various sub-projects including energy, road, railway and fiber optic cable but major portion will be spent on energy. This project will start from Kashgar port of china to Gwadar port of Pakistan. Transportation is sub-function of logistic that consists of 44% total cost of logistic system and 20% total cost of production of manufacturing and mainly shipping cost and transit/delivery time are critical for logistic system. According to OEC (The Observing Economic Complexity) currently, china is importing crude oil which 13.4% from Persian Gulf. CPEC will china for lead time that will be reduced from 45 days to 10 days and distance from 2500km to 1300km. This new route will help to china for less transit/deliver time and shipping cost in terms of logistic of china. Pakistan’s transportation will also improve through road, railway and fiber optic cabal projects from Karachi-Peshawar it will have speed 160km per hour and with help of pipeline between Gwadar to Nawabshah gas will be transported from Iran. According to (www.cpec.inf.com) Pakistan logistic industry will grow by US $30.77 billion in the end of 2020.


2008 ◽  
Author(s):  
Suzanne de Treville ◽  
Lenos Trigeorgis ◽  
Benjamin Avanzi

The Lancet ◽  
2021 ◽  
Vol 397 (10270) ◽  
pp. 194
Author(s):  
Michael Bretthauer ◽  
Magnus Løberg ◽  
Øyvind Holme ◽  
Hans-Olov Adami ◽  
Mette Kalager

2021 ◽  
Vol 9 (4) ◽  
pp. 383
Author(s):  
Ting Yu ◽  
Jichao Wang

Mean wave period (MWP) is one of the key parameters affecting the design of marine facilities. Currently, there are two main methods, numerical and data-driven methods, for forecasting wave parameters, of which the latter are widely used. However, few studies have focused on MWP forecasting, and even fewer have investigated it with spatial and temporal information. In this study, correlations between ocean dynamic parameters are explored to obtain appropriate input features, significant wave height (SWH) and MWP. Subsequently, a data-driven approach, the convolution gated recurrent unit (Conv-GRU) model with spatiotemporal characteristics, is utilized to field forecast MWP with 1, 3, 6, 12, and 24-h lead times in the South China Sea. Six points at different locations and six consecutive moments at every 12-h intervals are selected to study the forecasting ability of the proposed model. The Conv-GRU model has a better performance than the single gated recurrent unit (GRU) model in terms of root mean square error (RMSE), the scattering index (SI), Bias, and the Pearson’s correlation coefficient (R). With the lead time increasing, the forecast effect shows a decreasing trend, specifically, the experiment displays a relatively smooth forecast curve and presents a great advantage in the short-term forecast of the MWP field in the Conv-GRU model, where the RMSE is 0.121 m for 1-h lead time.


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