Forecasting demand and inventory management using Bayesian time series T.A. Spedding University of Greenwich‚ Chatham Maritime‚ Kent‚ UK K.K. Chan Nanyang Technological University‚ Singapore Batch production‚ Demand‚ Forecasting‚ Inventory management‚ Bayesian statistics‚ Time series Keywords Introduction A typical scenario in a manufacturing company in Singapore is one in which all the strategic decisions‚ including forecasting of future demand‚ are provided by an overseas office. The
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2011 International Conference on Management and Artificial Intelligence IPEDR vol.6 (2011) © (2011) IACSIT Press‚ Bali‚ Indonesia Case Study for Restaurant Queuing Model Mathias Dharmawirya School of Information Systems Binus International – Binus University Jakarta‚ Indonesia mdharmawirya@binus.edu Erwin Adi School of Computer Science Binus International – Binus University Jakarta‚ Indonesia eadi@binus.edu busy fast food restaurant [3]‚ as well as to increase throughput and efficiency [5]
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Digital Repository @ Iowa State University Graduate Theses and Dissertations Graduate College 2008 Inventory management in a manufacturing/ remanufacturing hybrid system with condition monitoring Bhavana Padakala Iowa State University Follow this and additional works at: http://lib.dr.iastate.edu/etd Part of the Industrial Engineering Commons Recommended Citation Padakala‚ Bhavana‚ "Inventory management in a manufacturing/remanufacturing hybrid system with condition monitoring" (2008). Graduate Theses
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CHAPTER 2 REVIEW OF RELATED LITERATURES AND STUDIES This chapter presented the review of related literatures and studies‚ underlying the framework of the study. It includes the conceptual model of the study and the operational definition of terms. Review of Related Literatures Foreign Literature: * PHP [Roane C. (2002)] According to Roane C. (2002)‚ “PHP is a powerful tool to write web applications in‚ it is by no means the only (or best) way to do it for all situations. He suggests‚
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INTRODUCTION "Online Restaurant Reservation System (ORRS)" is web application. This system wake to provide service facility to restaurant and also to the customer. The services that are provided is food ordering and reservation table management by the customer through the system online‚ customer information management and menu information management and report. Main objective build the system this is to provide ordering and reservation
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CHAPTER ONE INTRODUCTION 1.1 Background of the Study Resources are scarce; profit making organization should know how to utilize these resources effectively and efficiently. The inventory control section of a company is responsible for these activities‚ in order to continue the operation of the organization through out the year they have to use the rules and principles to handle different kinds of materials. Since it improves inventory handling activities with in the organization‚ it will help
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INVENTORY MANAGEMENT- PURCHASE AND PROCUREMENT Page 1 A PROJECT REPORT ON INVENTORY MANAGEMENT-PURCHASE AND PROCUREMENT PROCEDURES AT IOCL (BARAUNI REFINERY) EXECUTIVE SUMMARY Petroleum oil is the lifeline of modern civilization. It is needed equally for both domestic andindustrial purposes. Its demand has increased multiple-folds and yet to increase on war scale dueto rapid industrialization and fast urbanization. Both developed and developing countries areutilizing oil resources
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STORES AND INVENTORY MANAGEMENT This first chapter provides a detailed background for the Inventory and Stores Management course. It introduces students to the basic concepts used in the area of inventory and stores management‚ and therefore‚ provides a foundation for the rest of the issues dealt with in the subsequent chapters. Study objectives; By the end of this first chapter‚ students should be able to; * Define the basic concepts used in Inventory and Stores Management. * Explain the
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“Scientific Glass - Inventory Management” study case 1. How much funding will have to be raised in 2010 in order to finance the increase in inventory? Generally‚ the budget of inventory has positive correlation with the forecast of the turnover. As the case concerns‚ the finance department forecast 20% growth in sales in 2010 due to a forecast cast increase in the number of orders. Consequently‚ the cost of finished goods inventory in 2010 should get 20% increase on the basis of inventory cost in 2009
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CHAPTER – I PROFILE OF THE INDUSTRY PROFILE OF THE INDUSTRY INDIAN ELECTRICITY In the pre independent era the power development in India was slow and consisting of 852 MW thermal and 508 MW hydro capacities existed at the time of the independence in the year 1947. In 1948 the Damodar Valley Corporation (DVC) was incorporated under the DVC act‚ with the objective of the generation‚ transmission an distribution of both Hydro electric and
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