Complexity
Volume 2017 (2017), Article ID 1460163, 9 pages
https://doi.org/10.1155/2017/1460163
Research Article
Stochastic Reliability Measurement and Design Optimization of an Inventory Management System
Department of Operations and Information Management, Effat University, P.O. Box 34689, Jeddah 21478, Saudi Arabia
Correspondence should be addressed to Abdulaziz T. Almaktoom; moc.liamg@mootkamlata
Received 1 March 2017; Revised 7 June 2017; Accepted 27 June 2017; Published 30 August 2017
Academic Editor: Dominik T. Matt
Copyright © 2017 Abdulaziz T. Almaktoom. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Linked References
- M. Sani, “Applicable Inventory Control Models for Agricultural Business Managers: Issues and Concerns,” Trends in Agricultural Economics, vol. 7, no. 1, pp. 11–25, 2014. View at Publisher · View at Google Scholar
- R. Ernst, J. Guerrero, and A. Roshwalb, “A quality control approach for monitoring inventory stock levels,” Journal of the Operational Research Society, vol. 44, no. 11, pp. 1115–1127, 1993. View at Publisher · View at Google Scholar · View at Scopus
- L. M. Ellram and M. C. Cooper, “Supply chain management: It's all about the journey, not the destination,” Journal of Supply Chain Management, vol. 50, no. 1, pp. 8–20, 2014. View at Publisher · View at Google Scholar · View at Scopus
- K. K. Krishnan, A. T. Almaktoom, and P. Udayakumar, “Optimisation of stochastic assembly line for balancing under high variability,” International Journal of Industrial and Systems Engineering, vol. 22, no. 4, pp. 440–465, 2016. View at Publisher · View at Google Scholar · View at Scopus
- S. A. H. Zaidi, S. A. Khan, and F. Dweiri, “Implementation of Inventory Management System in a furniture company,” International Journal of Engineering and Technology, vol. 2, no. 8, pp. 5-6, 2012. View at Google Scholar
- V. Dubourg, B. Sudret, and J.-M. Bourinet, “Reliability-based design optimization using kriging surrogates and subset simulation,” Structural and Multidisciplinary Optimization, vol. 44, no. 5, pp. 673–690, 2011. View at Publisher · View at Google Scholar · View at Scopus
- R. Widarsyah, The Impact of Airport Service Quality Dimension on Overall Airport Experience and Impression, Digital Scholarship@UNLV, 2013.
- M. Cosmas and G. R. Chingarande, “An evaluation of passenger satisfaction on service quality delivered at an airport in Namibia: A quality perspective approach,” International Journal of Management, IT and Engineering, vol. 3, no. 1, pp. 292–304, 2013. View at Google Scholar
- A. T. Almaktoom and K. K. Krishnan, “Reliability-based Robust Design Optimization of Dynamic Supply Chain Network,” in Proceedings of the International Conference on Industrial Engineering and Operations Management, pp. 2510–2519, 2016.
- B. D. Youn and K. K. Choi, “Selecting probabilistic approaches for realiability-based design optimization,” AIAA Journal, vol. 42, no. 1, pp. 124–131, 2004. View at Publisher · View at Google Scholar · View at Scopus
- M. Cid Montoya, M. Costas, J. Díaz, L. E. Romera, and S. Hernández, “A multi-objective reliability-based optimization of the crashworthiness of a metallic-GFRP impact absorber using hybrid approximations,” Structural and Multidisciplinary Optimization, vol. 52, no. 4, pp. 827–843, 2015. View at Publisher · View at Google Scholar · View at Scopus
- I. Arsenyev, F. Duddeck, and A. Fischersworring-Bunk, “Efficient surrogate-based robust shape optimization for vane clusters,” in Proceedings of the 16th AIAA/ISSMO Multidisciplinary Analysis and Optimization Conference, 2015, p. 3361, USA, June 2015. View at Scopus
- A. Chaudhuri, G. Waycaster, N. Price, T. Matsumura, and R. T. Haftka, “NASA uncertainty quantification challenge: An optimization-based methodology and validation,” Journal of Aerospace Information Systems, vol. 12, no. 1, pp. 10–34, 2015. View at Publisher · View at Google Scholar · View at Scopus
- P. Kanakasabai, Approaches for Reliability Based Design Optimization, The University of Wisconsin-Milwaukee, 2011.
- M. Mohammad, M. P. Kaminskiy, and V. Krivtsov, Reliability Engineering and Risk Analysis: A Practical Guide, CRC Press, 2009.
- D. M. Byrne and S. Taguchi, “Taguchi approach to parameter design,” Quality Progress, vol. 20, no. 12, pp. 19–26, 1987. View at Google Scholar · View at Scopus
- D. Roos, U. Adam, and C. Bucher, “Robust design optimization,” in Proceedings of the 3rd Weimarer Optimierung-und Stochastiktage, 2006.
- P. Wang, C. Hu, and B. D. Youn, “A generalized complementary intersection method (GCIM) for system reliability analysis,” Journal of Mechanical Design, Transactions of the ASME, vol. 133, no. 7, Article ID 071003, 2011. View at Publisher · View at Google Scholar · View at Scopus
- P. Wang, Z. Wang, and A. T. Almaktoom, “Dynamic reliability-based robust design optimization with time-variant probabilistic constraints,” Engineering Optimization, vol. 46, no. 6, pp. 784–809, 2014. View at Publisher · View at Google Scholar · View at Scopus
- B. D. Youn, K. K. Choi, and L. Du, “Enriched performance measure approach for reliability-based design optimization,” AIAA Journal, vol. 43, no. 4, pp. 874–884, 2005. View at Publisher · View at Google Scholar · View at Scopus
- X. Du and W. Chen, “Sequential optimization and reliability assessment method for efficient probabilistic design,” Journal of Mechanical Design, vol. 126, no. 2, pp. 225–233, 2004. View at Publisher · View at Google Scholar · View at Scopus
- A. T. Almaktoom, K. K. Krishnan, P. Wang, and S. Alsobhi, “Assurance of system service level robustness in complex supply chain networks,” International Journal of Advanced Manufacturing Technology, vol. 74, no. 1-4, pp. 445–460, 2014. View at Publisher · View at Google Scholar · View at Scopus
- S. Axsäter, “Chapter 4 Continuous review policies for multi-level inventory systems with stochastic demand,” Handbooks in Operations Research and Management Science, vol. 4, no. C, pp. 175–197, 1993. View at Publisher · View at Google Scholar · View at Scopus
- S. Suh, M. Lenzen, G. J. Treloar et al., “System boundary selection in life-cycle inventories using hybrid approaches,” Environmental Science and Technology, vol. 38, no. 3, pp. 657–664, 2004. View at Publisher · View at Google Scholar · View at Scopus
- J. Resurreccion and J. R. Santos, “Multiobjective Prioritization Methodology and Decision Support System for Evaluating Inventory Enhancement Strategies for Disrupted Interdependent Sectors,” Risk Analysis, vol. 32, no. 10, pp. 1673–1692, 2012. View at Publisher · View at Google Scholar · View at Scopus
- E. Arıkan, J. Fichtinger, and J. M. Ries, “Impact of transportation lead-time variability on the economic and environmental performance of inventory systems,” International Journal of Production Economics, vol. 157, no. 1, pp. 279–288, 2014. View at Publisher · View at Google Scholar · View at Scopus
- S. Birim and C. Sofyalioglu, “Evaluating vendor managed inventory systems: how incentives can benefit supply chain partners,” Journal of Business Economics and Management, vol. 18, no. 1, pp. 163–179, 2017. View at Publisher · View at Google Scholar · View at Scopus
- S. M. Mousavi, A. Bahreininejad, S. N. Musa, and F. Yusof, “A modified particle swarm optimization for solving the integrated location and inventory control problems in a two-echelon supply chain network,” Journal of Intelligent Manufacturing, vol. 28, no. 1, pp. 191–206, 2017. View at Publisher · View at Google Scholar
- H. Juan, W. Jian, J. Xianglin, X. Chen, and L. Chen, “The long-term extreme price risk measure of portfolio in inventory financing: an application to dynamic impawn rate interval,” Complexity, vol. 20, no. 5, pp. 17–34, 2015. View at Publisher · View at Google Scholar · View at MathSciNet
- A. T. Almaktoom, K. K. Krishnan, P. Wang, and S. Alsobhi, “Cost efficient robust global supply chain system design under uncertainty,” International Journal of Advanced Manufacturing Technology, vol. 85, no. 1-4, pp. 853–868, 2016. View at Publisher · View at Google Scholar · View at Scopus
- A. K. Alsaadi, A. T. Almaktoom, and K. K. Krishnan, “Reliability evaluation and design optimization of inventory management system,” in Proceedings of the International Conference on Industrial Engineering and Operations Management, pp. 922–927, 2016.