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@article{ART001202217},
author={장일환 and Lee, Chul Ung},
title={Optimal Production-Inventory Control Policy with an e-MarketPlace as an Emergent Replenishment/Disposal Mode in Reconfigurable Manufacturing System},
journal={Journal of The Korea Society of Computer and Information},
issn={1598-849X},
year={2007},
volume={12},
number={5},
pages={273-284}

TY - JOUR
AU - 장일환
AU - Lee, Chul Ung
TI - Optimal Production-Inventory Control Policy with an e-MarketPlace as an Emergent Replenishment/Disposal Mode in Reconfigurable Manufacturing System
JO - Journal of The Korea Society of Computer and Information
PY - 2007
VL - 12
IS - 5
PB - The Korean Society Of Computer And Information
SP - 273
EP - 284
SN - 1598-849X
AB - This paper studies a periodic review inventory model with an e-MarketPlace transaction in reconfigurable manufacturing system(RMS). A decision maker can expand/reduce production capacity/quantities and/or replenish/dispose inventories from/to e-MarketPlace urgently to satisfy the stochastic demands. If inventories are replenished or disposed through e-MarketPlace, this leadtime is shorter than the production leadtime, but unit purchasing or selling cost is more expensive than that of expanding capacity or reducing production quantities respectively. Henceforth, trade-off on these alternatives is considered. In addition to this, in order to consider the economy of scale, our model includes the fixed cost for purchasing from e-MarketPlace and capacity expansion. We use dynamic programming and K convexity methods to characterize the nature of the optimal policy. Finally, We present the optimal inventory control policy which is composed by the combinations of a base stock and (s,S) type policy.
KW - Production-Inventory Control;e-MarketPlace;Reconfigurable Manufacturing System
DO -
UR -
ER -

장일환 and Lee, Chul Ung. (2007). Optimal Production-Inventory Control Policy with an e-MarketPlace as an Emergent Replenishment/Disposal Mode in Reconfigurable Manufacturing System. Journal of The Korea Society of Computer and Information, 12(5), 273-284.

장일환 and Lee, Chul Ung. 2007, "Optimal Production-Inventory Control Policy with an e-MarketPlace as an Emergent Replenishment/Disposal Mode in Reconfigurable Manufacturing System", Journal of The Korea Society of Computer and Information, vol.12, no.5 pp.273-284.

장일환, Lee, Chul Ung "Optimal Production-Inventory Control Policy with an e-MarketPlace as an Emergent Replenishment/Disposal Mode in Reconfigurable Manufacturing System" Journal of The Korea Society of Computer and Information 12.5 pp.273-284 (2007) : 273.

장일환, Lee, Chul Ung. Optimal Production-Inventory Control Policy with an e-MarketPlace as an Emergent Replenishment/Disposal Mode in Reconfigurable Manufacturing System. 2007; 12(5), 273-284.

장일환 and Lee, Chul Ung. "Optimal Production-Inventory Control Policy with an e-MarketPlace as an Emergent Replenishment/Disposal Mode in Reconfigurable Manufacturing System" Journal of The Korea Society of Computer and Information 12, no.5 (2007) : 273-284.

장일환; Lee, Chul Ung. Optimal Production-Inventory Control Policy with an e-MarketPlace as an Emergent Replenishment/Disposal Mode in Reconfigurable Manufacturing System. Journal of The Korea Society of Computer and Information, 12(5), 273-284.

장일환; Lee, Chul Ung. Optimal Production-Inventory Control Policy with an e-MarketPlace as an Emergent Replenishment/Disposal Mode in Reconfigurable Manufacturing System. Journal of The Korea Society of Computer and Information. 2007; 12(5) 273-284.

장일환, Lee, Chul Ung. Optimal Production-Inventory Control Policy with an e-MarketPlace as an Emergent Replenishment/Disposal Mode in Reconfigurable Manufacturing System. 2007; 12(5), 273-284.

장일환 and Lee, Chul Ung. "Optimal Production-Inventory Control Policy with an e-MarketPlace as an Emergent Replenishment/Disposal Mode in Reconfigurable Manufacturing System" Journal of The Korea Society of Computer and Information 12, no.5 (2007) : 273-284.