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UID:c94fe1a34d6ea46dd22e7e8df8412fc9
DTSTAMP:20240505T182446Z
SUMMARY:"The Case for 3rd Party Supply Chain Coordination" and "An Economic
  Order Quantity Model for Items Experiencing Failure in Storage"
DESCRIPTION: \n\nTitle: The Case for 3rd Party Supply Chain Coordination Pr
 esenter:\nKurt Masten\, doctoral student in decision sciences Abstract: Su
 pply\nchain coordination (SCC) has been an area of intense interest from\n
 multiple perspectives. Some focus on coordination mechanisms while\nothers
  explore methodology and experience. Little research has\nattempted to bri
 dge these separate streams of research in a meaningful\nway. A proposal is
  made to use an independent and neutral third party\nto address the low ap
 plication rates of the many techniques available\nin the literature. A mod
 el is developed and payment options explored.\n\nTitle: An Economic Order 
 Quantity Model for Items Experiencing Failure\nin Storage by Mikhail Sher\
 , Seung-Lae Kim Presenter: Mikhail Sher\,\ndoctoral student in decision sc
 iences Abstract: In this paper\, an\nEconomic Order Quantity model for ite
 ms which experience failure\naccording to a probabilistic rate during the 
 storage period is\ndeveloped. Prior research on item failure has primarily
  focused on\nitems which can be repaired or sold at a discount. Scenarios 
 that\nassume repair and discounted sales\, however\, are impractical for\n
 systems where repair costs exceed or are equivalent to item costs and\nimp
 erfect items are unacceptable. Such cases are prevalent in the\nmedical an
 d electronics industries where defective items are largely\nunusable. The 
 model presented in this paper is applicable to systems\nwith large fixed o
 rder costs and lengthy inventory holding periods.\nThe paper first develop
 s an Economic Order Quantity model for the\npresented framework. Illustrat
 ive numerical examples which demonstrate\nthe effects of certain model par
 ameter changes on optimal order\nquantity and firm profitability are then 
 provided. Keywords:\nInventory\; Logistics\; Optimization\; Quality\; EOQ\
 n 
DTSTART:20141030T150000Z
DTEND:20141030T160000Z
LOCATION:Gerri C. LeBow Hall\, 3220 Market Street\, 722\, Philadelphia\, PA
  19104
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