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A New Production and Inventory Control System Seeking for Inventory Recovery and Operational Cost Trade-off

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Proceedings of 2014 1st International Conference on Industrial Economics and Industrial Security

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Abstract

This paper focuses on the triple feed-forward automatic pipeline, inventory and order-based production control system (TFF-APIOBPCS), by introducing a first order differential feedforward to APIOBPCS. The feedforward mechanism help to mitigate the impact of demand fluctuations and enhance supply chain resilience. In this research, analysis of the relationship between parameters of first order differential feedforward and inventory recovery metric (ITAE) is conducted. Operational cost model is constructed. Simulations with a unit step signal as the customer demand evaluate the effect of the feedforward mechanism, and reveal the validity of TFF-APIOBPCS.

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Acknowledgements

Authors are grateful to National Natural Science Foundation of China (No. 71171129) and the Specialized Fund for the Doctoral Program of Higher Education of China (No. 20133121110005). The support of Shanghai Maritime University graduate innovation project (No. 2013ycx045) is also acknowledged. Authors are also grateful to reviewers whose comments have helped improve the quality of the paper.

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Authors and Affiliations

  1. Logistics Research Center, Shanghai Maritime University, Shanghai, 201306, China

    Bowei Xu, Yongsheng Yang, Guolong Lin & Bin Yang

  2. Logistics Engineering College, Shanghai Maritime University, Shanghai, 201306, China

    Yongsheng Yang

Authors
  1. Bowei Xu
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  2. Yongsheng Yang
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  3. Guolong Lin
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  4. Bin Yang
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Corresponding author

Correspondence to Bowei Xu .

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Editors and Affiliations

  1. China Center for Industrial Security Research, Beijing Jiaotong University, Beijing, Beijing, China

    Menggang Li

  2. School of Economics and Management, Beijing Jiaotong University, Beijing, Beijing, China

    Qiusheng Zhang

  3. School of Economics and Management, Beijing Jiaotong University, Beijing, Beijing, China

    Runtong Zhang

  4. School of Economics and Management, Beijing Jiaotong University, Beijing, China

    Xianliang Shi

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© 2015 Springer-Verlag Berlin Heidelberg

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Xu, B., Yang, Y., Lin, G., Yang, B. (2015). A New Production and Inventory Control System Seeking for Inventory Recovery and Operational Cost Trade-off. In: Li, M., Zhang, Q., Zhang, R., Shi, X. (eds) Proceedings of 2014 1st International Conference on Industrial Economics and Industrial Security. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-44085-8_3

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  • DOI: https://doi.org/10.1007/978-3-662-44085-8_3

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  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-662-44084-1

  • Online ISBN: 978-3-662-44085-8

  • eBook Packages: Business and EconomicsEconomics and Finance (R0)

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