Canadian Operational Research Society
PROFESSIONAL DEVELOPMENT SEMINAR
450 - 1 Street SW
(See attached map)
Chandandeep Singh Grewal.
PhD Student, Schulich School of Engineering
University of Calgary
Better Inventory management in a seasonal demand with re-adjustment and re-optimization of replenishment parameters
Seasonal demand patterns are used in number of industries such as clothing and textile, pharmaceutical, food products, agriculture equipment manufacturing, toy manufacturing etc. Managing the inventory and service level will be significantly more difficult in these types of industry due to seasonal demand patterns than the stationary demand pattern. There is a lack of literature on the investigation of replenishment strategies in non-stationary demand situations especially in seasonal demand situations. Seasonal demand situations need more attention in re-adjustment of decision variables or parameters to compensate the cyclic effects of demand. Here an issue of setting as well as optimization of the decision variables, such as lot size and order points, in reorder point replenishment strategies under seasonal demand are presented. Dynamic reorder point strategy along with its potential benefits is presented.
About the Speaker:
Chandandeep S. Grewal is currently a doctoral student in the Department of Mechanical and Manufacturing Engineering at the University of Calgary, Canada. He is doing his research in the field of supply chain management under the supervision of Dr. S.T. Enns and Dr. P. Rogers. He is also the recipient of Izaak Walton Killam Memorial Scholarship in the University of Calgary. He received his Master of Technology in Industrial Engineering from the Indian Institute of Technology, Delhi (India). His areas of interest are supply chain management, operations research, simulation and modelling, and Lean management . He has number of research papers in international and national journals and conferences. He is a member of IIE, CORS, ISME and ISTE.
There is no charge for attending the meeting. The room is available until 1:30 PM for those interested in staying afterwards to mingle and meet other OR practitioners.
Sketch of Location for CORS Meetings at TransCanada Tower in Conference Rooms 214 and 217.