A Proposed Production Decision Method for Order Planning Considering Decision Criteria of Multiple Organizations

Kokuryo, Daisuke; Yamashita, Ken; Kaihara, Toshiya; Fujii, Nobutaka; Umeda, T.; Izutsu, Rihito

doi:10.1016/j.procir.2020.04.079

Cited by 2 publications

(2 citation statements)

References 7 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…To provide an overview of recent contributions, several studies that presented relevant problem characteristics are shown in Table 1. Concerning order planning problems, many studies approached exact methods such as NLP [33], MOLP [34,35], and mathematical models [36][37][38][39]. The widely used method is applying inventory policies such as the economic order quantity (EOQ), economic production quantity (EPQ), (S, T), or (R, Q) model [36,39,40].…”

Section: Literature Reviewmentioning

confidence: 99%

Solving Order Planning Problem Using a Heuristic Approach: The Case in a Building Material Distributor

2020

View full text Add to dashboard Cite

For building material distributors, order planning is a key process as a result of the increase in construction projects’ scale and complexity. In this paper, the integration of simulation modeling and the response surface methodology (RSM) is presented to solve an order planning problem in the construction supply chain. The interactions of various factors are examined to observe their effects on key system measurements, and a combination of factor levels is determined to achieve the optimal performance. RSM is applied to find the possible values of the optimal setting for system responses, which consists of three main steps: central composite design (CCD), Box–Behnken design (BBD), and a comparison of both designs. The model is tested with a realistic case study of a building material distributor in Vietnam to demonstrate its effectiveness. Controllable factors (independent variables), which are the review period (T), order quantity (Q), and safety stock (SS), are found to significantly affect system responses, which are the total cost (TC) and customer service level (CSL). The results provide the best settings of factor levels that produce the possible minimum TC and maximum CSL. The developed framework could be applied as a useful reference for decision-makers, purchasing managers, and warehouse managers to obtain the most suitable order policy for a robust order planning process.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Solving Order Planning Problem Using a Heuristic Approach: The Case in a Building Material Distributor

2020

View full text Add to dashboard Cite

show abstract

“…Organizations in the manufacturing industry have their own criteria for determining the number of orders and production schedules in order planning (Kokuryo et al, 2020). In the production process in the made-to-stock manufacturing industry, production planners must be able to determine the most optimal production quantity.…”

Section: Introductionmentioning

confidence: 99%

Implementation of Expectation Value and Variance in Decision-Making with Risk in Economic Learning in High School

Susanto,

Amini,

Subekti

2024

JIPP

View full text Add to dashboard Cite

Learning outcomes in economics learning at SMA Phase E that are related to material on production activities are that students understand the economic system as a way of organizing various economic activities to meet the various needs of society. Decision-making is commonly found in production activities, and every decision-making process has risks. To overcome this, the concept of probability is needed. Decision-making needs to be taught to students so that they can understand economic activities, which are always dynamic in nature, and the impact of these economic dynamics. Therefore, in learning economics, especially in material on production activities related to decision-making with risk, teachers can start with the theory of expected value and variance so that production activities do not experience losses and can even increase profits. This research aims to explore the relationship between statistical material and economics learning in high school. The research method used is a literature study method and is descriptive-qualitative in nature. The results show that economics teachers in high schools can teach and implement opportunity theory in economics learning in Phase E high schools to equip students to manage various economic activities, especially production activities.

show abstract

A Proposed Production Decision Method for Order Planning Considering Decision Criteria of Multiple Organizations

Cited by 2 publications

References 7 publications

Solving Order Planning Problem Using a Heuristic Approach: The Case in a Building Material Distributor

Solving Order Planning Problem Using a Heuristic Approach: The Case in a Building Material Distributor

Implementation of Expectation Value and Variance in Decision-Making with Risk in Economic Learning in High School

Contact Info

Product

Resources

About