According
to the author Mujahid (2007), the author has developed a proper model that is
completely based on fuzzy logic and can be used for the process targeting of
different characteristic products. The major thing is that these
characteristics are not measurable through calculations of different parameters.
In this paper, there is a complete fuzzy relation explained in a proper way.
this relation is present between the input and output parameters. For that
case, the author has presented a genetic algorithm for obtaining ideal process
targets.
In the first part, the author has presented
the main problem and gives comprehensive information on Fuzzy logic. In the
next section, a proper model is presented that will relate the relationship
between the input and output parameters. Then there is complete information
about the method used for targeting the parameters. Moreover, the author has
presented a proper example through the fuzzy logic genetic algorithm. For the
sake of ideal results, he has used novel interval-based Taguchi cost function.
This will help to deviate the function from any deviation. He has used a simple
genetic algorithm for obtaining process parameters for input and output. The
results are showing that the output parameters are analyzed through the use of
fuzzy logic (Mujahid & S. O. Duffuaa, 2007).
A
multi-objective optimization model for process targeting
In
this paper, the author has presented a multi-objective objective model. It can
be noted that without any customers and consumers, the industry is not able to
survive in the market. for that case, there is a need to improve the process by
increasing the quality services to their customers. Through this, they are able
to increase customer satisfaction.
Any
organization is able to survive in the market only when its customers are
completely satisfied with their services. Moreover, the main fact is that the
organization is only successful when they are able to understand the problems
of their customers and then work on solving these problems. Another thing is that
if the organization is able to satisfy the customer, then it will become
extremely easy to solve their problems in a proper way. The main thing is that
organizations are facing trouble in solving complex manufacturing problems. This
will leads to economic advantages. Furthermore, there is a need for
comprehensive economic adjustment for the sake of process parameters.
But
the fact is that there are some deviations due to the raw materials, labor,
operations, and other things that occurred during the manufacturing of the
product. For this research, the author has presented a proper optimization
model with the help of two objective functions. The results are showing that
through the help of this model, it will become easy to optimize the cost of
their products (Nezhad, Abbasi, & Shahin, 2017).
The optimum common process means and
screening limits for a production process with multiple products.
In
this paper, the author Taeho (2010) has presented a comprehensive profit model.
This model can be used for determining the most profitable common process mean
and also for analyzing the screening limits of the product that is produced. It
can be noted that in the production process, there is a number of processes
that are required to be analyzed in a proper way.
For
this process, each item is analyzed and inspected with the help of a surrogate
variable. Then it will give complete information about what variable is related
to the requirement of the process. If the item is unable to meet the quality
requirement, then it is completely useless. For that case, the author has
presented a complete profit model that contains different kinds of constraints.
These constraints are the cost of production, selling prices, inspection costs,
and other costs. For this, there is a need to evaluate the quality
characteristics of the products.
The
author has used the Gauss-Seidel’s iterative method for obtaining the optimum
common process means and other screening limits. These two parameters are
obtained through the help of maximizing the expected profit function. Moreover,
the author also has presented some numerical examples for evaluating the design
parameters (Park, Kwon, Hong, & Lee, 2011).
An integrated model for determining the
optimal initial settings of the process mean and the optimal production run
assuming the quadratic loss
In
this paper, the author has presented several models for determining the
absolute initial settings of the whole process by just assuming the quadratic
loss function. The author has responded to one of the huge problems of
determining the optimal process mean and production run that can be used in any
production process in the industry. The main fact is that it is extremely
difficult to analyze the optimal price of the manufacturing process.
On the other hand, this solution can be
achieved easily through the help of balancing the profit of meeting the limits.
To solve this problem, the author has presented the optimal process mean for
the sake of production. It can be noted that this process is involved in
inspecting the whole process model. Moreover, the author has also analyzed the main
difference between several researchers. For that, there is a need to define the
different numerical examples that will demonstrate the main applications of the
model.
In this paper, there is also a complete
sensitivity analysis of the model and some information related to future
research. The results are showing that obtaining the real cost of production is
not easy. The main reason is that every time the cost of the product is changed
with one factor. There is one main difference between the previous researches,
and this research is that the production cost is optimized, and the gap was
covered in a proper. Moreover, the author also presented a joint economic
inspection method for evaluating the real cost of the product with the help of a
quadratic loss function (Rahim & Tuffaha, 2007).
The effects of inspection error on a
complete inspection plan
In
this paper, the author has presented a complete effect of inspection error
during a complete inspection plan. It can be noted that there are a lot of
errors that are evaluated during the inspection. It can be noted that any
inspection plan is extremely necessary for any business. In that plan, every
item is analyzed and passed through the variable inspection.
Moreover, in the inspection process, if the
item is unable to meet the demand, then it is completely useless. The next
thing is that there is a need to specify the main limits of this inspection
plan. The main reason is that through this, it will become quite easy to manage
the price of the product. In that paper, the author has presented two methods
for minimizing the errors that may occur during the inspection process. These
models checked through different rework schemes. In the last, the author has
presented a brief comparison between these models (Tang, 2007).
Part 2
The impact of inventory management models
practices on sustainable construction. A case study on Pulte group
Contents
Summary. 4
Research questions. 4
Introduction. 4
Objective of the study. 5
Assumptions and limitation. 5
Problem.. 5
Methodology. 6
Analysis and results. 8
Conclusion and comments. 9
Recommendations. 9
References. 9
Summary Process Targeting of multi-characteristic
product using Fuzzy logic and Genetic Algorithm with an Interval Based Taguchi
Cost function
In this paper,
there is complete information on the inventory management model practices for
the sake of sustainable construction. For that case, there is a comprehensive
analysis of the inventory management plan of the Pulte group. This company is
based in the USA. In this paper, there is complete research on the inventory
management model of this company. The main objective of the report is presented
and then in the methodology section, three important conditions were discussed
related to the inventory management system.
Research questions
of How can the inventory management model be improved?
How can the
inventory management model be improved?
The
research question is highlighting the fact of the inventory management model.
The main fact is that it is extremely difficult for the company to manage its
inventory as this case study is about the Pulte group. This group is involved
in making new homes all over America. The main thing is that as time passes,
this group has to upgrade its inventory so that better results can be achieved
for the future. Through the help of this question, we can easily analyze how this
group can improve its inventory to maximize its profit.
Introduction
of How can the inventory management model be improved?
In
this report, there is complete information about the impact of inventory
management models practices on sustainable construction. The main fact is that
if the inventory management of the company is suitable and perfect, then it
will become extremely simple for them to carry out the sustainable construction
process.
In
recent years, the Pulte Group that is one of the huge home building company
operated in the USA. This company is facing some trouble due to its bad inventory
management in recent years. The fact is that their construction process is not
perfect due to some reasons. Due to this, the cost of any home will become
increasingly and the company has to suffer that cost. The next one of the huge
challenges is that this company is also involved in acquiring a Microsoft office
365 enterprise agreement. This is because, through the help of this agreement,
they can easily increase their profit in an efficient way. The main plan of the
company is to get benefits to form the central management system. This will
help the company to reduce its cost in a proper way. but the main problem is
that the email migration was delayed by the high authorities due to the
increase of complexities with enterprise vault.
In this case, there is a need for proper
models that will help to evaluate the inventory and manage everything in an
efficient way. This report is discussing the main impact of the inventory
management models practices on this group. It can be seen that this company is
struggling with inventory management systems. This challenge is increasing
every year.
The objective of the study of How can the inventory management model be
improved?
The
main objective of the study is to analyze the impact of inventory management
models practices on the Pulte group of companies. By analyzing this impact, it
will become quite simple to manage the construction materials for the buildings
and homes.
Assumptions and limitation of How can the inventory management model be
improved?
There are some
assumptions that are made while presenting the mathematical model.
·
The inventory system of the construction company
must have a single type of product.
·
The warehouse that is involved in keeping steel
materials must be free of any humidity factor.
·
There will be proper space to keep all kinds of
items at a certain place in the warehouses.
·
It can be noted that the screening process and
demand process can occur at the same time but the rate of the screening process
must be greater.
·
There must be proper space for the imperfect
materials in the warehouses.
Problem of
How can the inventory management model be improved?
The main problem in
the Pulte group is that their inventory system is not proper. Due to this, they
are unable to complete the construction project on time. Another thing is that
the cost of the material and also the supplier will be increased. Due to this,
the group is facing some trouble in managing the whole inventory system. The
next problem is that there is some delayed from the Microsoft office 365
agreement. They have sent the migrated email but it was delayed due to some
complexities. Due to this problem, they have analyzed that the streamline of
their operations is damaged badly and also their route budget is increased.
This problem is due to a lack of inventory management models practices. This
group has to handle a large amount of data due to a number of mailbox
migrations.
Methodology
of How can the inventory management model be improved?
For the
methodology, the Pulte Group has to research on different migration tools. But
the bitter problem for the company is that none of any tool is meeting the
demand. The company has to work on different things to manage the inventory
process. The main situation is that whenever there is a need to manage the
inventor. For that, this group has to work on the repairing process and also
improve it by applying different models. If there are imperfect construction
items in the inventory, then due to this, the return of reworked will lead
towards zero. This can be explained with the help of a diagram.
During the period,
the imperfect material is tested in a proper way. All of these materials are
passed through the inspection process and after this, the cost of imperfect
material is decreasing. At a certain point, this value is increased can be seen
from the It can be noted that
the value of imperfect materials is decreasing more and moves towards a
negative point.
Ordering
cost
Now
it can be analyzed from the above image, the ordering cost of the construction
material is given by
Then
there is the cost of inspection of the materials in the warehouse is given by
In
this equation is the unit of the inspection cost
On
the other hand, the holding cost can be explained through this process
In
the inventory management, there is also a storage cost of the material that is
given by
There
is a need to apply the conditions for interest charged in the inventory system.
the next thing is that if the allowed time is short, then the lead time of the
inventory then due to this inventory cost of the material will be increased.
In
the first condition, but the lead time of the material smaller and also make it
equal to the permissible payment. Due to this fact, the interest income will be
given by
This
can be explained through the help of this graph
in
the next condition, the lead time T is just greater than the payment time. Like
in the graph, it can be noted that the payment time of the inventory materials
will become low. This is given by the following expressions
The
third condition, when the extra interest is charged to the buyer is high, and
the payment value is given by
But
the interest charged will become
Pulte Group (Steel material )
|
|
|
|
Data
|
|
Demand rate
|
1000
|
order cost
|
10
|
holding cost
|
0.5
|
unit price of material
|
10
|
|
|
for inventory control
|
|
Optimal order quality, Q
|
200
|
Maximum inventory
|
200
|
average inventory
|
100
|
total number of order
|
5
|
holding cost of the material
|
50
|
Setup cost
|
50
|
unit cost
|
10000
|
total cost of the material
|
10100
|
Pulte Group (wooden material )
|
|
|
|
Data
|
|
Demand rate
|
1500
|
order cost
|
25
|
holding cost
|
0.3
|
unit price of material
|
4
|
|
|
for inventory control
|
|
Optimal order quality, Q
|
500
|
Maximum inventory
|
500
|
average inventory
|
250
|
total number of order
|
3
|
holding cost of the material
|
75
|
Setup cost
|
75
|
unit cost
|
15000
|
total cost of the material
|
15150
|
Pulte Group (Other building
material )
|
|
|
|
Data
|
|
Demand rate
|
2000
|
order cost
|
20
|
holding cost
|
0.8
|
unit price of material
|
20
|
|
|
for inventory control
|
|
Optimal order quality, Q
|
316.2278
|
Maximum inventory
|
316.2278
|
average inventory
|
158.1139
|
total number of order
|
6.324555
|
holding cost of the material
|
126.4911
|
Setup cost
|
126.4911
|
unit cost
|
20000
|
total cost of the material
|
20252.98
|
Analysis and results of How can the inventory management model be
improved?
The
company (PulteGroup) did research on many different tools, such as the
inventory software and tools for the migration, while no one appeared to meet
the needs of the company. The company did finally discover the Quadrotech that
might migrate the mailboxes as well as an archive within a unified way but
staying into the assigned budget, which is allocated by the accounts or finance
department of the company. PulteGroup chose the inventory tools or the software
for the management of the inventory (Keyes, 2010).
The
company also chose migration management along with the mailbox shuttle as well
as archive shuttle for the inventory software for making the bandwidth,
required data or tools, or the skills, as well as all required resources, were
available for the management of the complex project. The inventory tools which
are chosen by the company are very helpful for the company, which will provide
the benefits to the company as well as resource managers because it is very
crucial as well as complicated tasks because to manage all of the resources of
the company. By using the inventory management tool, the company, as well as
the management team, can handle all of the resources and items plus the man
forced to complete the task (Nezhad, Abbasi, & Shahin, 2017).
Conclusion and comments of How can the inventory management model be
improved?
Summing
up all the discussion from above, it is concluded that the Pulte group has to
solve the inventory management problem. Due to this, it will become easy for
the company to complete construction projects on time. In this report, there is
complete detail on the impact on the inventory management system. This case
study is about the Pulte group. This group is involved in making new homes all
over America. The main thing is that as time passes, this group has to upgrade
its inventory so that better results can be achieved for the future. The main
fact is that if the inventory management of the company is suitable and perfect,
then it will become extremely simple for them to carry out the sustainable
construction process. This report is discussing the main impact of the
inventory management models practices on this group. It can be seen that this
company is struggling with inventory management systems
By
analyzing this impact, it will become quite simple to manage the construction
materials for the buildings and homes. The next problem is that there is some
delayed from the Microsoft office 365 agreement. They have sent the migrated
email but it was delayed due to some complexities. Due to this problem, they
have analyzed that the streamline of their operations is damaged badly and also
their route budget is increased. For that, this group has to work on the
repairing process and also improve it by applying different models. The
inventory tools which are chosen by the company are very helpful for the
company, which will provide the benefits to the company as well as resource
managers (Frank Voehl, 2017).
Recommendations of How can the inventory management model be improved?
There are some
recommendations for the Pulte group. Through this, they are able to manage
their inventory system. The company has to apply different software applications
that will give proper data about the materials. The next thing is that they
also have to apply new technologies that can easily calculate the future cost
of the inventory process.
References of How can the inventory management model be improved?
Frank Voehl, H. J. (2017). Change Management: Manage the Change or It Will Manage You. CRC
Press.
García-Álvarez, M. T. (2015). Analysis of
the effects of ICTs in knowledge management and innovation: The case of Zara
Group. Computers in Human Behavior .
He, N. (2012). How to Maintain
Sustainable Competitive Advantages-----Case Study on the Evolution of
Organizational Strategic Management. International
journal of business administration .
Keyes, J. (2010). Implementing the Project Management Balanced Scorecard. CRC
Press.
Mujahid, S. N., & S. O. Duffuaa.
(2007). Process Targeting of Multi-characteristic Product using Fuzzy Logic and
Genetic Algorithm with an Interval Based Taguchi Cost Function. Proceedings of the 2007 IEEE IEEM.
Nezhad, M. S., Abbasi, M., & Shahin,
E. (2017). A multi-objective optimization model for process targeting. Journal of Industrial and Systems
Engineering.
Park, T., Kwon, H. M., Hong, S.-H., &
Lee, M. K. (2011). The optimum common process mean and screening limits for a
production process with multiple products . Computers & Industrial Engineering.
Rahim, M. A., & Tuffaha, F. (2007).
Integrated model for determining the optimal initial settings of the process
mean and the optimal production run assuming quadratic loss functions. International Journal of Production Research.
Tang, K. (2007). The Effects of
Inspection Error on a Complete 1nspection Plan . Department of Quantitative Business Analysis , Louisiana State University
, Baton Rouge, .