It’s known to all that under ideal condition the s to rage cost is kept in lower level when storage management be arranged by Economic Order Quantity(EOQ).Does this mean that any companies should set up their own sto...It’s known to all that under ideal condition the s to rage cost is kept in lower level when storage management be arranged by Economic Order Quantity(EOQ).Does this mean that any companies should set up their own storing system in proportion to the scale of the commodities’ producing or sell ing Furthermore, even if they manage storage in EOQ, because of different oper ation scale, geographical condition or ability borrowing money from financial ma rket, different companies pay unequal cost in storing the same commodity.In thi s paper, except for supplying commodities from our own storage system, the autho rs have analyzed other two supplying ways without whole storage system, they are forward contracts and futures contracts.The authors have discussed variable su pply cost for above different supply measures.According to the cost of each sup ply way, the managers can choose the most economical way in supplying the commod ity and predict the price of futures from storage management arranged by EOQ.Th e summary content is as follow: 1. The comparing of supply cost between forward contracts and storing system a rranged by EOQ. (1) The supply cost from forward contracts (2) The supply cost from storage system arranged by Economic Order Quantity (3) The application example for comparing cost in different supply way 2.The comparing of supply cost between futures going physical and storing syst em arranged by Economic Order Quantity. (1) The supply cost from futures going physical (2) The correlation between futures contracts and storage management arranged b y EOQ (3) The application example for comparing cost in different supply way 3.How does storing system of scale economic affect the price of forward and fu tures contracts (1) How does the price of forward and futures contracts fluctuate (2) How do we calculate the price of a commodity at future point from the cost of scale economic storing (3) How do we operate efficiently in derivatives market by using the cost of sc ale economic storing (4) The application example for analyzing the price of futures 4.The correlation among storage managementforward contracts and futures mark et.展开更多
Under the condition of the market competition becom in g more and more drastic, the demands of market take on some new features such as individuation, diversification, small batch, unstableness and quick delivery et c...Under the condition of the market competition becom in g more and more drastic, the demands of market take on some new features such as individuation, diversification, small batch, unstableness and quick delivery et c. The Make-to-Stock mode is usually adopted by many enterprises to improve th e balance and stableness of production process. In such enterprises, order batch , production batch and sales batch are the important factors, which affect the s atisfaction of clients, efficiency and benefit of the enterprise. It takes purch ase, production and sales into account respectively when optimizing product batc h in traditional way. However, it ignored the influences of relations between ea ch links of whole system. It is assumed that the consumption and market demand a re continuous process whereas the factual demands are batched when economic batc h is determined. So there exist some deviations between the economic batch deter mined by traditional way and that by integral optimization. Through the integral analysis of Logistics in the production system, we know that from materials are purchased, then manufactured, finally sold, the material changed in appearance and value, it still exist in different links of production system. The amount of materials occupied varies just in different status, from stock status to produc tion status, then to waiting-be-sold status, there is not any substantial chan ge in quantity until they are sold. So we must comprehensively analyze the relat ions among each link based on integral production system, to optimize the materi al batch and cut short production cycle in order to optimize the whole system. In this paper, the production system is taken as a global entity, and in which m aterials variation law and their relations of each link are analyzed; To optimiz e the whole materials flow, a new model of multi-product systems’ economic orde r batch, economic production batch and optimal sale lot multi-product syste ms’ is developed which based on the limit of capitals and stock area.展开更多
A mathematical model to determine the optimal production lot size for a deteriorating production system under an extended product inspection policy is developed. The last-K product inspection policy is considered so t...A mathematical model to determine the optimal production lot size for a deteriorating production system under an extended product inspection policy is developed. The last-K product inspection policy is considered so that the nonconforming items can be reduced, under which the last K products in a production lot are inspected and the nonconforming items from those inspected are reworked. Consider that the products produced towards the end of a production lot are more likely to be nonconforming, is proposed an extended product inspection policy for a deteriorating production system. That is, in a production lot, product inspections are performed among the middle K1 items and after inspections, all of the last K2 products are directly reworked without inspections. Our objective here is the joint optimization of the production lot size and the corresponding extended inspection policy such that the expected total cost per unit time is minimized. Since there is no closed form expression for our optimal policy, the existence for the optimal production inspection policy and an upper bound for the optimal lot size are obtained. Furthermore, an efficient solution procedure is provided to search for the optimal policy. Finally, numerical examples are given to illustrate the proposed model and indicate that the expected total cost per unit time of our product inspection model is less than that of the last-K inspection policy.展开更多
文摘It’s known to all that under ideal condition the s to rage cost is kept in lower level when storage management be arranged by Economic Order Quantity(EOQ).Does this mean that any companies should set up their own storing system in proportion to the scale of the commodities’ producing or sell ing Furthermore, even if they manage storage in EOQ, because of different oper ation scale, geographical condition or ability borrowing money from financial ma rket, different companies pay unequal cost in storing the same commodity.In thi s paper, except for supplying commodities from our own storage system, the autho rs have analyzed other two supplying ways without whole storage system, they are forward contracts and futures contracts.The authors have discussed variable su pply cost for above different supply measures.According to the cost of each sup ply way, the managers can choose the most economical way in supplying the commod ity and predict the price of futures from storage management arranged by EOQ.Th e summary content is as follow: 1. The comparing of supply cost between forward contracts and storing system a rranged by EOQ. (1) The supply cost from forward contracts (2) The supply cost from storage system arranged by Economic Order Quantity (3) The application example for comparing cost in different supply way 2.The comparing of supply cost between futures going physical and storing syst em arranged by Economic Order Quantity. (1) The supply cost from futures going physical (2) The correlation between futures contracts and storage management arranged b y EOQ (3) The application example for comparing cost in different supply way 3.How does storing system of scale economic affect the price of forward and fu tures contracts (1) How does the price of forward and futures contracts fluctuate (2) How do we calculate the price of a commodity at future point from the cost of scale economic storing (3) How do we operate efficiently in derivatives market by using the cost of sc ale economic storing (4) The application example for analyzing the price of futures 4.The correlation among storage managementforward contracts and futures mark et.
文摘Under the condition of the market competition becom in g more and more drastic, the demands of market take on some new features such as individuation, diversification, small batch, unstableness and quick delivery et c. The Make-to-Stock mode is usually adopted by many enterprises to improve th e balance and stableness of production process. In such enterprises, order batch , production batch and sales batch are the important factors, which affect the s atisfaction of clients, efficiency and benefit of the enterprise. It takes purch ase, production and sales into account respectively when optimizing product batc h in traditional way. However, it ignored the influences of relations between ea ch links of whole system. It is assumed that the consumption and market demand a re continuous process whereas the factual demands are batched when economic batc h is determined. So there exist some deviations between the economic batch deter mined by traditional way and that by integral optimization. Through the integral analysis of Logistics in the production system, we know that from materials are purchased, then manufactured, finally sold, the material changed in appearance and value, it still exist in different links of production system. The amount of materials occupied varies just in different status, from stock status to produc tion status, then to waiting-be-sold status, there is not any substantial chan ge in quantity until they are sold. So we must comprehensively analyze the relat ions among each link based on integral production system, to optimize the materi al batch and cut short production cycle in order to optimize the whole system. In this paper, the production system is taken as a global entity, and in which m aterials variation law and their relations of each link are analyzed; To optimiz e the whole materials flow, a new model of multi-product systems’ economic orde r batch, economic production batch and optimal sale lot multi-product syste ms’ is developed which based on the limit of capitals and stock area.
基金supported by the National Natural Science Foundation of China(60874034).
文摘A mathematical model to determine the optimal production lot size for a deteriorating production system under an extended product inspection policy is developed. The last-K product inspection policy is considered so that the nonconforming items can be reduced, under which the last K products in a production lot are inspected and the nonconforming items from those inspected are reworked. Consider that the products produced towards the end of a production lot are more likely to be nonconforming, is proposed an extended product inspection policy for a deteriorating production system. That is, in a production lot, product inspections are performed among the middle K1 items and after inspections, all of the last K2 products are directly reworked without inspections. Our objective here is the joint optimization of the production lot size and the corresponding extended inspection policy such that the expected total cost per unit time is minimized. Since there is no closed form expression for our optimal policy, the existence for the optimal production inspection policy and an upper bound for the optimal lot size are obtained. Furthermore, an efficient solution procedure is provided to search for the optimal policy. Finally, numerical examples are given to illustrate the proposed model and indicate that the expected total cost per unit time of our product inspection model is less than that of the last-K inspection policy.
