Patent ID: 6970841
Filing Date: 2005-11-29
Classification: G05B,G06Q

Abstract:
1. A computer implemented process of managing manufacturing logistics of configure-to-order end products comprising the steps of: a) initializing a process of managing manufacturing logistics of configure-to-order end products by setting x b) setting a set of active components to A:={ }; c) considering each iεS, followed by considering each end product m that uses component i in its bill-of-material; d) setting β e) computing the a difference δ f) determining if δ g) determining if the set of active components is non-empty, and if so, then setting B:=A, otherwise setting B:=S where B is a set of component indexes; h) finding i*:=arg max where Φ(.) is a probability distribution function of the standard normal variate, and φ(.) is a probability density function of the standard normal variate; i) setting x j) computing β:=max where B is the budget limit on the expected overall inventory cost, is satisfied and if so, stop and replenish components identified by said set B from suppliers following a base-stock policy that minimizes a total cost of inventory of said components i, wherein said cost c k) otherwise, updating β