Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Operations research or analysis
Reexamination Certificate
2004-04-29
2010-12-14
Jasmin, Lynda C (Department: 3624)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Operations research or analysis
C705S014270
Reexamination Certificate
active
07853462
ABSTRACT:
Optimizing inventory targets for nodes of a supply chain to satisfy a target customer service level may include accessing a supply chain model that has an assumed value for each of a number of inputs. An optimized inventory target is calculated according to the supply chain model to satisfy the target customer service level, and a measured actual customer service level and a measured actual value for each input are accessed. If the measured actual customer service level fails to satisfy the target customer service level, deviations between the measured actual and assumed values for each input are determined. An input for which the deviation is significant is identified to be a root cause of the failure. For a subsequent time period, using the deviation for the identified input as feedback, the assumed value for the identified input is adjusted, and a reoptimized inventory target is calculated to satisfy the target customer service level.
REFERENCES:
patent: 5946662 (1999-08-01), Ettl et al.
patent: 6151582 (2000-11-01), Huang et al.
patent: 6643556 (2003-11-01), Morenz et al.
patent: 7092929 (2006-08-01), Dvorak et al.
patent: 7212976 (2007-05-01), Scheer
patent: 7324966 (2008-01-01), Scheer
patent: 2004/0230473 (2004-11-01), Dogan et al.
U.S. Pending Patent Application entitled “Estimating Demand for a Supply Chain According to Order Lead Time”, by Koray (nmi) Dogan, et al., 42 total pages, Apr. 29, 2004.
U.S. Pending Patent Application entitled “Determining Order Lead Time for a Supply Chain Using a Probability Distribution for Expected Order Lead Time”, by Koray (nmi) Dogan, et al., 41 total pages, Apr. 29, 2004.
Smith, Stephen A., “Optimal Inventories for an(S-1, S)System With No Backorders*” Management Science, vol. 23, No. 5, Copyright © 1977, The Institute of Management Sciences, pp. 522-528, Jan. 1977.
Wolff, Ronald W., “Poisson Arrivals See Time Averages”, Operations Research, vol. 30, No. 2, © 1982 Operations Research Society of America, pp. 223-231, Mar.-Apr. 1982.
Federgruen, Awi, et al., “An Efficient Algorithm for Computing Optimal(s, S)Policies”, Operations Research, vol. 32, No. 6, © 1984 Operations Research Society of America, pp. 1268-1285, Nov.-Dec. 1984.
Svoronos, Antony, et al., “Evaluation of One-For-One Replenishment Policies for Multiechelon Inventory Systems*” Management Science, vol. 37, No. 1, Copyright © 1991, The Institute of Management Sciences, pp. 68-83, Jan. 1991.
“Improving Service and Market Share with Inventory Optimization; How to improve both your top and bottom lines through superior inventory management”, White Paper, i2 Technologies, Inc., © Copyright 2003 i2 Technologies, Inc., 32 pages, Sep. 2003.
Johansen, Soren Glud, “Base-stock policies for the lost sales inventory system with Poisson demand and Erlangian lead times”, Department of Operations Research, University of Aarhus, Denmark, pp. 1-14, Nov. 19, 2003.
Dogan Koray
Najmi Adeel
Raman Ramesh
Booth Udall, PLC
Fleischer Mark A
i2 Technologies US, Inc.
Jasmin Lynda C
Laureanti Steven J.
LandOfFree
Optimizing an inventory of a supply chain does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Optimizing an inventory of a supply chain, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Optimizing an inventory of a supply chain will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-4191980