Summary of Inventory Pilot Project March 1993 - December 1994

The Lean Aircraft Initiative began in the summer of 1992 as a “quick look” into the feasibility of applying manufacturing principles that had been pioneered in the automobile industry, most notably the Toyota Production System, to the U.S. defense aircraft industry. Once it was established that “lean principles” (the term coined to describe the new paradigm in automobile manufacturing) were indeed applicable to aircraft manufacturing as well, the Initiative was broadened to include other segments of the defense aerospace industry. These consisted of electronics/avionics, engines, electro-mechanical systems, missiles, and space systems manufacturers. In early 1993, a formal framework was established in which 21 defense firms and the Air Force formed a consortium to support and participate in the Initiative at M.I.T.

Coordinating Inventory Control and Pricing Strategies with Random Demand and Fixed Ordering Cost: The Finite Horizon Case

We analyze a finite horizon, single product, periodic review model in which pricing and production/inventory decisions are made simultaneously. Demands in different periods are random variables that are independent of each other and their distributions depend on the product price. Pricing and ordering decisions are made at the beginning of each period and all shortages are backlogged. Ordering cost includes both a fixed cost and a variable cost proportional to the amount ordered. The objective is to find an inventory policy and a pricing strategy maximizing expected profit over the finite horizon. We show that when the demand model is additive, the profit-to-go functions are k-concave and hence an (s,S,p) policy is optimal. In such a policy, the period inventory is managed based on the classical (s,S) policy and price is determined based on the inventory position at the beginning of each period. For more general demand functions, i.e., multiplicative plus additive functions, we demonstrate that the profit-to-go function is not necessarily k-concave and an (s,S,p) policy is not necessarily optimal. We introduce a new concept, the symmetric k-concave functions and apply it to provide a characterization of the optimal policy.

Coordinating Inventory Control and Pricing Strategies with Random Demand and Fixed Ordering Cost: the Infinite Horizon Case

We analyze an infinite horizon, single product, periodic review model in which pricing and production/inventory decisions are made simultaneously. Demands in different periods are identically distributed random variables that are independent of each other and their distributions depend on the product price. Pricing and ordering decisions are made at the beginning of each period and all shortages are backlogged. Ordering cost includes both a fixed cost and a variable cost proportional to the amount ordered. The objective is to maximize expected discounted, or expected average profit over the infinite planning horizon. We show that a stationary (s,S,p) policy is optimal for both the discounted and average profit models with general demand functions. In such a policy, the period inventory is managed based on the classical (s,S) policy and price is determined based on the inventory position at the beginning of each period.

Risk Aversion in Inventory Management

Traditional inventory models focus on risk-neutral decision makers, i.e., characterizing replenishment strategies that maximize expected total profit, or equivalently, minimize expected total cost over a planning horizon. In this paper, we propose a framework for incorporating risk aversion in multi-period inventory models as well as multi-period models that coordinate inventory and pricing strategies. In each case, we characterize the optimal policy for various measures of risk that have been commonly used in the finance literature. In particular, we show that the structure of the optimal policy for a decision maker with exponential utility functions is almost identical to the structure of the optimal risk-neutral inventory (and pricing) policies. Computational results demonstrate the importance of this approach not only to risk-averse decision makers, but also to risk-neutral decision makers with limited information on the demand distribution.

Versión breve en español del Team Climate Inventory (TCI-14) : desarrollo y propiedades psicométricas.

Resumen tomado de la publicación

Adaptaci??n espa??ola de la escala de manifestaciones de estr??s del Student Stress Inventory (SSI-SM)

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Actualizaci??n psicom??trica y funcionamiento diferencial de los ??tems en el State Trait Anxiety Inventory (STAI)

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Effects of the heterogeneity of the variances on reliability generalization : An example with the beck depression inventory

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Evaluación de la psicopatología del preescolar mediante el Early Childhood Inventory-4 (ECI-4): concordancia entre padres y maestros.= Assessment of psychopathology in preschool age children through the Early Childhood Inventory-4 (ECI-4): Agreement among parents and teachers

El objetivo principal de este estudio es conocer la concordancia entre informantes, padres y maestros, en cada una de las dimensiones o categorías diagnósticas del Early Childhood Inventory-4 (ECI-4). Además, se pretende analizar la influencia de la presencia de problemas de salud en los padres en la descripción y valoración de la conducta de una muestra de 204 alumnos de preescolar (3 a 6 años) de perfiles socioeconómicos diferentes. Los resultados indican que los padres tienden a valorar con mayor severidad los síntomas, observándose una mayor concordancia entre informantes en los relativos a los trastornos del desarrollo

Dimensional structure of the Brief Symptom Inventory with Spanish college students. 'Estructura dimensional del Brief Symptom Inventory con universitarios espa??oles'

Resumen tomado de la publicaci??n. Resumen tambi??n en ingl??s

Evaluaci??n de la psicopatolog??a del preescolar mediante el Early Childhood Inventory-4 (ECI-4) : concordancia entre padres y maestros

Resumen tomado de la publicaci??n

Propiedades psicom??tricas del Vancouver Obsessional Compulsive Inventory (VOCI) en dos muestras no cl??nicas de poblaci??n espa??ola

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Adaptación inicial del instrumento Espacio de Vida de la Familia (FLS) : Localidad de Kennedy , Bogotá, D.C.

El propósito de la presente investigación fue realizar la adaptación inicial del instrumento Espacio de Vida de la Familia (FLS) en el contexto de la localidad de Kennedy. La investigación tomó desde la teoría los pasos para la adaptación de pruebas e instrumentos sugeridos por autores reconocidos, además definió las dimensiones y factores del instrumento; contó con el concepto de tres jueces expertos para determinar el nivel de acuerdo de los factores del mismo; en la aplicación piloto se administraron los instrumentos espacio de vida de la familia FLS y el Inventario de satisfacción marital en la versión adaptada ACI para esta investigación; esto permitió hacer los ajustes para la aplicación en la muestra de 5 parejas en crisis y en 5 parejas que no estaban en crisis. Los resultados obtenidos mostraron una asociación fuerte entre los 2 instrumentos y al realizar la prueba de U de Mann-Whitney se evidenciaron diferencias significativas entre los dos grupos salvo en el factor de relaciones con otras personas. Concluyendo que el instrumento espacio de vida de la familia FLS no permite diferenciar el factor de relación con otras personas y por tanto no se ajusta al contexto local. Finalmente la investigación estableció unas normas de administración y aplicación del instrumento espacio de vida de la familia FLS.

Inventory control exercises

Exercises and solutions in LaTex

Inventory control exercises pdf

Exercises and solutions in PDF