Processing, Please wait...

  • Home
  • About Us
  • Search:
  • Advanced Search

Growing Science » Journal of Project Management » Determination of start times and ordering plans for two-period projects with interdependent demand in project-oriented organizations: A case study on molding industry

Journals

  • IJIEC (726)
  • MSL (2637)
  • DSL (649)
  • CCL (495)
  • USCM (1092)
  • ESM (404)
  • AC (557)
  • JPM (247)
  • IJDS (912)
  • JFS (91)
  • HE (21)

JPM Volumes

    • Volume 1 (8)
      • Issue 1 (5)
      • Issue 2 (3)
    • Volume 2 (13)
      • Issue 1 (4)
      • Issue 2 (3)
      • Issue 3 (3)
      • Issue 4 (3)
    • Volume 3 (17)
      • Issue 1 (4)
      • Issue 2 (5)
      • Issue 3 (4)
      • Issue 4 (4)
    • Volume 4 (24)
      • Issue 1 (4)
      • Issue 2 (8)
      • Issue 3 (8)
      • Issue 4 (4)
    • Volume 5 (20)
      • Issue 1 (5)
      • Issue 2 (5)
      • Issue 3 (5)
      • Issue 4 (5)
    • Volume 6 (20)
      • Issue 1 (5)
      • Issue 2 (5)
      • Issue 3 (5)
      • Issue 4 (5)
    • Volume 7 (21)
      • Issue 1 (5)
      • Issue 2 (5)
      • Issue 3 (5)
      • Issue 4 (6)
    • Volume 8 (21)
      • Issue 1 (6)
      • Issue 2 (5)
      • Issue 3 (5)
      • Issue 4 (5)
    • Volume 9 (35)
      • Issue 1 (6)
      • Issue 2 (5)
      • Issue 3 (9)
      • Issue 4 (15)
    • Volume 10 (68)
      • Issue 1 (15)
      • Issue 2 (21)
      • Issue 3 (13)
      • Issue 4 (19)

Keywords

Jordan(161)
Supply chain management(160)
Vietnam(148)
Customer satisfaction(120)
Performance(113)
Supply chain(108)
Service quality(98)
Tehran Stock Exchange(94)
Competitive advantage(93)
SMEs(86)
optimization(84)
Financial performance(83)
Trust(81)
Job satisfaction(79)
Social media(78)
Factor analysis(78)
TOPSIS(78)
Knowledge Management(77)
Genetic Algorithm(76)
Sustainability(76)


» Show all keywords

Authors

Naser Azad(82)
Mohammad Reza Iravani(64)
Zeplin Jiwa Husada Tarigan(59)
Endri Endri(45)
Muhammad Alshurideh(42)
Hotlan Siagian(39)
Jumadil Saputra(36)
Muhammad Turki Alshurideh(35)
Dmaithan Almajali(35)
Barween Al Kurdi(32)
Basrowi Basrowi(31)
Hassan Ghodrati(31)
Ahmad Makui(31)
Mohammad Khodaei Valahzaghard(30)
Shankar Chakraborty(29)
Ni Nyoman Kerti Yasa(29)
Sulieman Ibraheem Shelash Al-Hawary(28)
Prasadja Ricardianto(28)
Sautma Ronni Basana(27)
Haitham M. Alzoubi(27)


» Show all authors

Countries

Iran(2162)
Indonesia(1276)
Jordan(783)
India(779)
Vietnam(500)
Saudi Arabia(438)
Malaysia(438)
United Arab Emirates(220)
China(181)
Thailand(151)
United States(109)
Turkey(102)
Ukraine(99)
Egypt(95)
Canada(89)
Pakistan(84)
Peru(83)
United Kingdom(77)
Nigeria(77)
Morocco(73)


» Show all countries

Journal of Project Management

ISSN 2371-8374 (Online) - ISSN 2371-8366 (Print)
Quarterly Publication
Volume 2 Issue 4 pp. 119-142 , 2017

Determination of start times and ordering plans for two-period projects with interdependent demand in project-oriented organizations: A case study on molding industry Pages 119-142 Right click to download the paper Download PDF

Authors: Reza Lotfi, Majid Amin Nayeri, S. Mehdi Sajadifar, Nooshin Mardani

DOI: 10.5267/j.jpm.2017.9.001

Keywords: Project management, Inventory management, Two-period interdependent newsvendor, Genetic algorithm

Abstract: The objective of the present study is to determine the start times and ordering plans for two-period projects in project-oriented organizations. The following assumptions are made: orders can be placed in either of a project’s two consecutive periods; and the same raw materials are used, which are ordered at the start of the periods according to their interdependent demands. The main innovation of the present research is to develop a model that is mainly based on the two-period newsvendor problem, but assumes that demand is interdependent, i.e. it is actually a combination of inventory and project management. After presenting the model, numerical meth-ods are used to approximate the order quantities for each period. Near-optimal solutions of a numerical example, in a case study on molding industry, are obtained using a genetic algorithm. Results show that the proposed model with interdependent demand provides a better solution than independent demand. The model is applicable to large-scale industrial and construction pro-jects where the majority of raw materials have of the same nature.

How to cite this paper
Lotfi, R., Nayeri, M., Sajadifar, S & Mardani, N. (2017). Determination of start times and ordering plans for two-period projects with interdependent demand in project-oriented organizations: A case study on molding industry.Journal of Project Management, 2(4), 119-142.

Refrences
Abramowitz, M., & Stegun, I. A. (1964). Handbook of mathematical functions: with formulas, graphs, and mathematical tables (Vol. 55). Courier Corporation.
Alwan, L. C., Xu, M., Yao, D. Q., & Yue, X. (2016). The dynamic newsvendor model with correlat-ed demand. Decision Sciences, 47(1), 11-30.
Behret, H., & Kahraman, C. (2010). A multi‐period newsvendor problem with pre‐season extension under fuzzy demand. Journal of Business Economics and Management, 11(4), 613-629.
Burnetas, A., Gilbert, S. M., & Smith, C. E. (2007). Quantity discounts in single-period supply con-tracts with asymmetric demand information. IIE Transactions, 39(5), 465-479.
Chen, S. P., & Ho, Y. H. (2011). Analysis of the newsboy problem with fuzzy demands and incre-mental discounts. International Journal of Production Economics, 129(1), 169-177.
Chen, S. P., & Ho, Y. H. (2013). Optimal inventory policy for the fuzzy newsboy problem with quan-tity discounts. Information Sciences, 228, 75-89.
Diabat, A. (2014). Hybrid algorithm for a vendor managed inventory system in a two-echelon supply chain. European Journal of Operational Research, 238(1), 114-121.
Ding, S., & Gao, Y. (2014). The (σ, S) policy for uncertain multi-product newsboy problem. Expert Systems with Applications, 41(8), 3769-3776.
Dye, C. Y., & Ouyang, L. Y. (2005). An EOQ model for perishable items under stock-dependent sell-ing rate and time-dependent partial backlogging. European Journal of Operational Research, 163(3), 776-783.
Geiger, M. J. (2017). A multi-threaded local search algorithm and computer implementation for the multi-mode, resource-constrained multi-project scheduling problem. European Journal of Opera-tional Research, 256(3), 729-741.
Geisler, M. A. (1963). A study of inventory theory. Management Science, 9(3), 490-497.
Ghaddar, B., Sakr, N., & Asiedu, Y. (2016). Spare parts stocking analysis using genetic programming. European Journal of Operational Research, 252(1), 136-144.
Hanasusanto, G. A., Kuhn, D., Wallace, S. W., & Zymler, S. (2015). Distributionally robust multi-item newsvendor problems with multimodal demand distributions. Mathematical Programming, 152(1-2), 1-32.
Holland, J. H. (1975). Adaptation in natural and artificial systems: an introductory analysis with ap-plications to biology, control, and artificial intelligence. U Michigan Press.
Huang, D., Zhou, H., & Zhao, Q. H. (2011). A competitive multiple-product newsboy problem with partial product substitution. Omega, 39(3), 302-312.
Jun, S., & Park, J. (2015). A hybrid genetic algorithm for the hybrid flow shop scheduling problem with nighttime work and simultaneous work constraints: A case study from the transformer indus-try. Expert Systems with Applications, 42(15), 6196-6204.
Kamburowski, J. (2014). The distribution-free newsboy problem under the worst-case and best-case scenarios. European Journal of Operational Research, 237(1), 106-112.
Kamburowski, J. (2015). The distribution‐free newsboy problem and the demand skew. International Transactions in Operational Research, 22(5), 929-946.
Lotfi, R., Amin Nayeri, M. (2016). Multi-objective capacitated facility location with hybrid fuzzy Simplex and genetic algorithm approach. Journal of Industrial Engineering Research in Production Systems, 4(7), 81-91.
Lotfi, R., Mehrjerdi, Y. Z., & Mardani, N. (2017). A multi-objective and multi-product advertising billboard location model with attraction factor mathematical modeling and solutions. International Journal of Applied Logistics, 7(1), 64-86.
Marinakis, Y., Marinaki, M., Doumpos, M., Matsatsinis, N., & Zopounidis, C. (2008). A hybrid sto-chastic genetic–GRASP algorithm for clustering analysis. Operational Research, 8(1), 33-46.
Matsuyama, K. (2006). The multi-period newsboy problem. European Journal of Operational Re-search, 171(1), 170-188.
Mousavi, S. M., Hajipour, V., Niaki, S. T. A., & Aalikar, N. (2014). A multi-product multi-period in-ventory control problem under inflation and discount: a parameter-tuned particle swarm optimiza-tion algorithm. The International Journal of Advanced Manufacturing Technology, 70(9-12), 1739-1756.
Okyay, H. K., Karaesmen, F., & Özekici, S. (2014). Newsvendor models with dependent random supply and demand. Optimization Letters, 8(3), 983-999.
Pal, B., Sana, S. S., & Chaudhuri, K. (2015). A distribution-free newsvendor problem with nonlinear holding cost. International Journal of Systems Science, 46(7), 1269-1277.
Perakis, G., & Sood, A. (2004). Competitive multi-period pricing with fixed inventories. High Per-formance Computation for Engineered Systems (HPCES)
Puga, M. S., & Tancrez, J. S. (2017). A heuristic algorithm for solving large location–inventory prob-lems with demand uncertainty. European Journal of Operational Research, 259(2), 413-423.
Qiongbing, Z., & Lixin, D. (2016). A new crossover mechanism for genetic algorithms with variable-length chromosomes for path optimization problems. Expert Systems with Applications, 60, 183-189.
Roy, S. K., & Mula, P. (2016). Solving matrix game with rough payoffs using genetic algorithm. Op-erational Research, 16(1), 117-130.
Sana, S. S. (2012). Price sensitive demand with random sales price–a newsboy problem. International Journal of Systems Science, 43(3), 491-498.
Singh, S., Kumar, K., Bhattacharya, A., & Rai, H. (2016). Estimating and testing the significance of correlation coefficient obtained from truncated bivariate normal distribution. Journal of Interdisci-plinary Mathematics, 19(2), 245-251.
Sivanandam, S. N., & Deepa, S. N. (2007). Introduction to genetic algorithms. Springer Science & Business Media.
Tran, K. P., Castagliola, P., & Celano, G. (2016). Monitoring the ratio of population means of a biva-riate normal distribution using CUSUM type control charts. Statistical Papers, 1-27.
Wang, C. X., & Webster, S. (2009). The loss-averse newsvendor problem. Omega, 37(1), 93-105.
Willoughby, K. A. (1998). Modelling assistance for project procurement and disposal decisions. Uni-versity of Calgary.
Yuan, J. J., Cheng, T. E., & Ng, C. T. (2007). NP-hardness of the single-variable-resource scheduling problem to minimize the total weighted completion time. European Journal of Operational Re-search, 178(2), 631-633.
Zhang, B., & Du, S. (2010). Multi-product newsboy problem with limited capacity and outsourcing. European Journal of Operational Research, 202(1), 107-113.
Zhang, B., & Hua, Z. (2010). A portfolio approach to multi-product newsboy problem with budget constraint. Computers & Industrial Engineering, 58(4), 759-765.
Zhang, G. (2010). The multi-product newsboy problem with supplier quantity discounts and a budget constraint. European Journal of Operational Research, 206(2), 350-360.
  • 51
  • 1
  • 2
  • 3
  • 4
  • 5

Journal: Journal of Project Management | Year: 2017 | Volume: 2 | Issue: 4 | Views: 1693 | Reviews: 0

Related Articles:
  • An EOQ model with quantity incentive strategy for deteriorating items and p ...
  • Vendor managed inventory in multi level supply chain
  • Integrated production inventory model: multi-item, multiple suppliers and r ...
  • A single period inventory model for incorporating two-ordering opportunitie ...
  • Supply chain coordination for a deteriorating product under stock-dependent ...

Add Reviews

Name:*
E-Mail:
Review:
Bold Italic Underline Strike | Align left Center Align right | Insert smilies Insert link URLInsert protected URL Select color | Add Hidden Text Insert Quote Convert selected text from selection to Cyrillic (Russian) alphabet Insert spoiler
winkwinkedsmileam
belayfeelfellowlaughing
lollovenorecourse
requestsadtonguewassat
cryingwhatbullyangry
Security Code: *
Include security image CAPCHA.
Refresh Code

® 2010-2025 GrowingScience.Com