In order to evaluate the efficiency of the automated storage/retrieval system(AS/RS)accurately,and compare different layouts of the AS/RS using mean travel time,under randomized storage conditions,an exact,geometry-ba...In order to evaluate the efficiency of the automated storage/retrieval system(AS/RS)accurately,and compare different layouts of the AS/RS using mean travel time,under randomized storage conditions,an exact,geometry-based analytical model is presented.The model can be used to compute the expected single-command and dual-command travel time for a storage/retrieval(S/R)machine which can travel simultaneously horizontally and vertically as it moves along a storage aisle.The rack may be either square in time or non square in time.Additionally,the alternative layouts of the AS/RS and travel-time models are examined.Comparing with setting the I/O point at the left-lower corner of the rack,setting the I/O point at any point at the vertical edge can help enhance the efficiency of the AS/RS.展开更多
In the global supply chain in a setting characterized by exchange rate uncertainties,it is quite necessary to focus on comparative research trying to find out which kind of purchasing strategy is better in different s...In the global supply chain in a setting characterized by exchange rate uncertainties,it is quite necessary to focus on comparative research trying to find out which kind of purchasing strategy is better in different situations.The two common global purchasing strategies,risk sharing(RS)and quantity flexibility(QF),are selected to be compared.Using a real-options approach,the valuation models of RS and QF purchasing contracts are established.By means of binomial lattice technique,numerical simulation and sensitivity analysis of two stochastic dynamic programs are presented.The effects on expected discounted value by changing relative parameters are described clearly.Based on comparative analysis,it is concluded that the QF purchasing strategy is better than that of the RS especially where great volatility exists for exchange rate processes in the global supply chain.展开更多
基金The National Key Technology R&D Program of China during the 11th Five-Year Plan Period(No.2006BAH02A06)
文摘In order to evaluate the efficiency of the automated storage/retrieval system(AS/RS)accurately,and compare different layouts of the AS/RS using mean travel time,under randomized storage conditions,an exact,geometry-based analytical model is presented.The model can be used to compute the expected single-command and dual-command travel time for a storage/retrieval(S/R)machine which can travel simultaneously horizontally and vertically as it moves along a storage aisle.The rack may be either square in time or non square in time.Additionally,the alternative layouts of the AS/RS and travel-time models are examined.Comparing with setting the I/O point at the left-lower corner of the rack,setting the I/O point at any point at the vertical edge can help enhance the efficiency of the AS/RS.
基金The National Key Technology R&D Program of China during the 11th Five-Year Plan Period(No.2006BAH02A06)CSC(China Scholarship Council)Scholarship Program for Graduate Student Studying Abroad 2007
文摘In the global supply chain in a setting characterized by exchange rate uncertainties,it is quite necessary to focus on comparative research trying to find out which kind of purchasing strategy is better in different situations.The two common global purchasing strategies,risk sharing(RS)and quantity flexibility(QF),are selected to be compared.Using a real-options approach,the valuation models of RS and QF purchasing contracts are established.By means of binomial lattice technique,numerical simulation and sensitivity analysis of two stochastic dynamic programs are presented.The effects on expected discounted value by changing relative parameters are described clearly.Based on comparative analysis,it is concluded that the QF purchasing strategy is better than that of the RS especially where great volatility exists for exchange rate processes in the global supply chain.
