دانلود مقاله ISI انگلیسی شماره 20787
عنوان فارسی مقاله

مدل های تصمیم سهمیه بندی موجودی در طی زمان انجام تکمیل دوباره

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
20787 2013 11 صفحه PDF سفارش دهید محاسبه نشده
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عنوان انگلیسی
Inventory rationing decision models during replenishment lead time
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : International Journal of Production Economics, Volume 144, Issue 1, July 2013, Pages 290–300

کلمات کلیدی
فرآیند پواسون - سهمیه بندی موجودی - پشتیبانی تصمیم
پیش نمایش مقاله
پیش نمایش مقاله مدل های تصمیم سهمیه بندی موجودی در طی زمان انجام تکمیل دوباره

چکیده انگلیسی

This study considers an inventory rationing problem in which a warehouse maintains inventory to meet various future requests that are classified into a discrete number of priorities. When there is limited inventory quantity in the warehouse, we prefer to fulfill higher priority requests over lower priority requests. When a low priority request does arrive, the warehouse may need to reject the request and reserve the inventory for later higher priority requests. However, we would rather satisfy lower priority requests than have inventory leftover when the replenishment arrives. To face uncertain request arrivals during an uncertain replenishment lead time, we develop two rationing approaches, dynamic stochastic inventory rationing decision procedure (DSIR) and risk level inventory rationing decision procedure (RLIR), to determine whether to fulfill or reject an arrival request. The simulation experiments show that RLIR provides the highest fill rate for the first priority requests among all simulated approaches, whereas DSIR provides the best overall fill rate while still maintaining a good fill rate for first priority requests. Furthermore, unlike previous studies, the proposed approaches can handle inventory systems with not only random request quantity, but also random replenishment lead time. In addition, most previous studies can only deal with two priority classes, whereas this study can handle a problem of more than two classes.

مقدمه انگلیسی

Inventory includes raw materials, work-in-progress, and finished goods. The approach proposed in this study can be applied to the warehouse management of raw materials and finished goods. The purpose of inventory is to fulfill various requests by customers, especially when the acceptable waiting time set by customers is shorter than the supply lead time. Thus, warehouses should have inventory ready in stock before customer requests arrive. How to effectively manage inventory to meet demand is an important issue when the expected demand during supply lead time is more than the current on-hand inventory, especially when a major unexpected event in a supply chain disrupts the stable replenishment of inventory items. A well-known inventory control approach, called (s, S) policy, is commonly used. When on-hand inventory is less than or equal to the re-order point s, the warehouse will issue an order to a supplier or a manufacturer to bring up the inventory position to the target level S. There is a lead time delay between the issue of an order and the receipt of the ordered items, and we call such a delay replenishment lead time or supply lead time, or in the following presentation, lead time. Also, it is common for lead time not to be a known constant parameter and to have a certain degree of uncertainty. Furthermore, the number of arrival requests and the quantity of each arrival request during the lead time are also unknown at the present time. Given that such uncertain factors exist in the inventory management problem, stock-outs might happen, especially when major unexpected events occur. Such events may cause lead time to be much longer than expected, and the demand during lead time may far exceed the original projection. Nahmias and Demmy (1981) mentioned a practical example in the Air Force where a central supply depot maintains a shared inventory to fulfill requests from several bases that use a common spare part. However, the same item may have different request priorities. An emergency request for use in repairing an aircraft may have a higher priority than one for replenishing base stock level. When the current inventory is insufficient to fulfill the expected total quantity of all requests, the warehouse tends to first fulfill the high-priority request (i.e., the repair of an aircraft). Such a request classification is caused by the consideration of the relative importance of various demand types in the system. For inventory items, setting a proper value for shortage cost that includes the loss of customer goodwill is difficult. The assumption of no consideration for shortage costs of different priority requests are used by a number of previous studies, such as those by Nahmias and Demmy (1981) and Haynsworth and Price (1989). The present study mainly extends their works. Nahmias and Demmy (1981) provided several examples of inventory rationing problems with no consideration of shortage cost. In the present study, an additional example of the problem considered is that ambulances and shipping trucks require a common part. Determining suitable shortage costs for these two demand types may not properly reflect their relative importance. The request by an ambulance would certainly not be set aside for that by a truck. However, if shortage costs for the two priority classes are set with a ratio of 2:1, the shortage of one Priority 1 request could be exchanged to fulfill two Priority 2 requests under the same cost. In the example of the ambulance vs. truck, we would not prefer such an exchange because the availability of an ambulance is much more important than that of a truck. The cost difference between two classes in this study could be regarded as infinitely large. Supposing complete information is available on all the requests from various priority classes in the future, a lower-priority request will not be fulfilled if any higher-priority request is unsatisfied. If requests are classified by their shortage costs in inventory rationing, the problem becomes similar to the capacity rationing problem considered by Hung and Lee (2010), who classified orders according to their profit values. Thus, the approach proposed by Hung and Lee can be applied to inventory rationing with shortage cost consideration, thereby generating similar results. The present study excludes consideration of shortage costs for inventory requests to avoid investigating a similar problem. In our problem there is a clear priority classification among requests; that is, if we know all the requests beforehand, we should never sacrifice a high priority request to fulfill a low priority request. However, various requests will arrive randomly at different times in the future before the arrival of the replenishment. We do not have precise information on future requests; thus, we are unable to fulfill a request purely according to priority. Facing the stochastic nature of this problem, we may want to reject a request and reserve the inventory for future higher priority requests. Such an action of reservation is called “rationing.” On the other hand, if the warehouse rejects too many low priority requests and rations too much inventory for future high priority requests in the earlier stage of lead time, it might have inventory leftover when the replenishment arrives. Such leftover inventory should have been used initially to fulfill the low priority requests. How to make a correct rationing decision for inventory items is the focus of this study. The time interval in which rationing decisions have to be made is called rationing period. It starts from the time when a new order is issued and ends when the new replenishment arrives. The performance measure used in this study is the fill rate of various priority classes. The fill rate of various priority classes is defined by the percentage of requests fulfilled by on-hand inventory. As mentioned previously, suppose that we know the information on all the requests at a single decision time; a lower priority request will never be satisfied when a higher priority one is unsatisfied. Given the information on all the requests, the optimal decision will be obtained by allocating the available inventory to the highest priority class having unfulfilled requests until there is no inventory left. Unlike some previous studies, such as Axsater et al. (2004), Melchiors et al. (2000), and Teunter and Haneveld (2008), wherein by assigning a different unit shortage cost to each priority class, one is able to optimize a single objective of total shortage cost; the current study considers a multiple-objective solution. Higher priority requests should not be the only ones to have a higher fill rate, but lower priority requests should also have a good fill rate to avoid having inventory leftover when the new replenishment arrives. Therefore, in our experiments, both the average fill rate of the highest priority class and average overall file rate of all classes are compared among various approaches. An unsatisfied high priority request due to an inventory shortage normally occurs near the end of replenishment lead time. The shortage implies that inventory was wrongly assigned to a lower priority request at an earlier time or the highest class requests are more than originally expected. The simplest approach to handling this problem is using the first-come-first-served (FCFS) rule, in which each arrival request is fulfilled as long as there is sufficient inventory. This approach is the easiest one and is the most commonly used in practice. However, adopting this rule sacrifices the ability to fulfill high priority requests in the future while fulfilling low priority requests now. It is inappropriate to employ this rule, especially when there is a clear indication that the demands during lead time will exceed the currently available inventory. The other extreme rule, called the highest priority only rule (HPOR), is to reject all low priority requests and fulfill only the highest priority requests. This rule will provide the highest service rate for the highest priority requests and no service at all for any lower priority requests. Most previous studies make decisions by comparing current on-hand inventory with the reserve level, also called support level or threshold level. When a request arrives, if the on-hand inventory is below the reserve level, only high priority requests can be satisfied; otherwise, both low and high priority requests can be satisfied. The works by Veinott (1965), Topkis (1968), Kaplan (1969), and Hung et al. (2012) considered inventory management problems and found reserve levels for high priority requests by minimizing defined cost functions, while Pinto (2012) maximized expected profit of the stock rationing problem in an integrated distribution system. To extend earlier studies, under the assumption of two priority classes, Nahmias and Demmy (1981) developed methods for both the periodic and continuous review of inventory systems to calculate the expected fill rate using the given values of reorder point, order quantity, and support level as specified by decision makers. Haynsworth and Price (1989) extended Nahmias and Demmy's work to propose a discrete time rationing policy with a desirable risk level of stock-out for high priority requests during lead time. This method utilizes a recursive backward procedure to calculate a sequence of reserve quantities for each subinterval of lead time. Ha (1997) studied a similar inventory rationing problem for a single-item, make-to-stock production system and proposed a queuing approach to find a rationing policy. Moon and Kang (1998) developed two analytical and two simulation models to improve on previous rationing methods. The concept of rationing is also used in many different environments. Deshpande et al. (2003) considered a static rationing policy supporting two priority classes characterized by different arrival rates and shortage costs under a continuous (Q, r) review inventory framework. Ayanso et al. (2006) studied an inventory rationing problem via drop-shipping for Internet retailing. Molenaers et al. (2012) and Mohammaditabar et al. (2012) worked on the problems of inventory classification. In this study focusing on the rationing decision within one ordering cycle, we propose two dynamic inventory rationing decision procedures—the dynamic stochastic inventory rationing decision procedure (DSIR) and the risk level inventory rationing decision procedure (RLIR). The rest of this manuscript is organized as follows. Section 2 introduces the concepts, notations, and assumptions of the proposed procedures. Section 3 discusses the two proposed procedures and then illustrates the procedures with a numerical example. Section 4 presents the results of extensive simulation experiments of various inventory rationing approaches. Finally, the conclusions are presented in Section 5. 2. Concepts, assumptions, and notations It is important to adopt an inventory rationing policy when available inventory is less than the expected demand during replenishment lead time and when there is a risk of stock-out for high priority requests. For example, in an (s, S) inventory system, when on-hand inventory drops to the re-order point s, the warehouse will issue a replenishment order to bring the inventory position up to the target level S. When the replenishing order is issued, the inventory rationing policy should be deployed to protect the high priority requests from overuse by low priority requests. When a low priority request arrives, the manager has to decide whether to fulfill or reject the request based on the available information, such as the request quantity, current on-hand inventory, and projection of future higher priority requests. The four essential features of inventory rationing policy are as follows: 1. When a request arrives, a decision should be promptly made on whether to fulfill the request or not. 2. The inventory rationing policy should be able to justify the rejection of lower priority requests, even if there is available inventory. 3. The inventory rationing policy should be able to justify the fulfillment of lower priority requests when there is a chance of arrival of high priority requests. 4. The inventory rationing policy should provide a higher fill rate for the higher priority requests than for the lower priority requests. The following three assumptions were mostly used by previous studies: 1. The arrival requests are classified into two priority classes. 2. The quantity of each arrival request is fixed at one. 3. The lead time is a constant parameter. Following is a list of the assumptions used in this study: 1. The arrival requests can be classified into more than two priority classes. 2. The quantity of an arrival request can be a random variable. 3. The lead time can be a random variable. 4. The arrival of requests is a random Poisson process. 5. We assume that the quantity of a request is a normal distribution with mean μ Q and variance σQ2σQ2. 6. The lead time is a normal random variable with mean μ L and variance σL2σL2. 7. The quantity of each arrival request is a mutually independent and identically distributed random variable. 8. The decision for each arrival request can only be totally fulfilled or totally rejected; that is, no partial request can be fulfilled. To be more applicable in certain practical environments, assumptions 1, 2, and 3 are extended from previous studies. Following is a summary of notations used in this research. Indices: i: index for arrival requests. j: index for priority classes. Known parameters at decision making time: λj: arrival rate of the requests with priority class j, j=1,2,3,…,J. t: current time; the time when a request arrives. It is also the time when a fulfillment-or-rejection decision has to be made. I0: initial available on-hand inventory at time 0 (the start of rationing period; the time when a replenishment order is issued). I: available on-hand inventory at the current time. I is I0 subtracted by the amount used by fulfilled requests within the time interval [0, t). k: priority class of the current arrival request. q: quantity of the current arrival request. View the MathML sourceλ¯k: total arrival rate of the requests with priority class higher than k , that is, View the MathML sourceλ¯=kΣj=1k−1λj. α: risk level; the maximum acceptable risk measured by the probability of stock-out for highest priority requests during lead time. Random variables: L : lead time; this is assumed as normal distribution with mean μ L and variance View the MathML sourceσL2. Nkt: number of customer requests with priority class higher than k that arrive within the time interval (t, L), which is the interval between the arrival of the current request and the arrival of the replenishment. Q : quantity of a future request regardless of its priority class. This random variable is normally distributed with mean μ Q and variance View the MathML sourceσQ2. Ri: quantity of the ith request; Ri∼Q. Ykt: total quantity of the future requests with priority class higher than k within time interval (t, L). Calculated probabilities: pr: probability that rejecting the current arrival request is a correct decision. pf: probability that fulfilling the current arrival request is a correct decision. pi: probability that the total quantity of the future higher priority requests is greater than the current on-hand inventory subtracted by the current request.

نتیجه گیری انگلیسی

Considering various stochastic factors, such as the random arrival of requests, random quantity of requests, and random length of replenishment lead time of an inventory system that fulfills inventory items classified into a discrete number of priority classes, this study develops and investigates two dynamic inventory rationing decision procedures. Each time a request arrives, managers must determine whether to fulfill or reject it immediately. To handle the stochastic nature of these problems, we may want to reject certain priority requests and reserve the inventory for later higher priority requests. The simulation results show that, in both the case of constant lead time with constant requests and the case of random lead time with random requests, the risk level inventory rationing decision procedure (RLIR) can raise the fill rate of higher priority requests more aggressively than other approaches, but it sacrifices overall fill rate. On the other hand, if managers want to raise the fill rate of higher priority requests and still maintain a high overall fill rate, they can use the dynamic stochastic inventory rationing decision procedure (DSIR). Unlike most previous studies that handled two priority classes, the approaches proposed herein can be used in inventory systems in which there are more than two priority classes. The proposed approaches can also be employed in inventory systems with random lead times and random request quantities. Furthermore, under the same conditions (constant lead time and constant request) as those in previous approaches, our approaches perform better. The methodology proposed in this study is useful when the total expected request quantity in a random replenishment lead time is greater than the current on-hand inventory, especially when a major unexpected event in a supply chain disrupts the stable replenishment of inventory.

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