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Hybrid Manufacturing Distributed Inventory Management with Sharing Logistics

In: Optimization and Management in Manufacturing Engineering

Author

Listed:
  • Xinbao Liu

    (Hefei University of Technology)

  • Jun Pei

    (Hefei University of Technology)

  • Lin Liu

    (Hefei University of Technology)

  • Hao Cheng

    (Hefei University of Technology)

  • Mi Zhou

    (Hefei University of Technology)

  • Panos M. Pardalos

    (University of Florida)

Abstract

Manufacturing companies cannot focus only on tradition manufacturing modes if they want to ensure profitability and competitiveness. Business process reengineering (BPR) is helpful for manufacturing companies who hope to benefit from new approaches to business. Manufacturers are confronted by two problems: defining what technology is important to the manufacturing company for reconstructing their processes and improving their mode and how to improve their management method to maximizing the benefit of the new mode. In this chapter, we highlight a new manufacturing mode, hybrid manufacturing, and propose a coordination management model that takes into consideration inventory and transportation as part of the comprehensive goal. We emphasize the innovational role of the IoT in these areas.

Suggested Citation

  • Xinbao Liu & Jun Pei & Lin Liu & Hao Cheng & Mi Zhou & Panos M. Pardalos, 2017. "Hybrid Manufacturing Distributed Inventory Management with Sharing Logistics," Springer Optimization and Its Applications, in: Optimization and Management in Manufacturing Engineering, chapter 0, pages 91-125, Springer.
    • Handle: RePEc:spr:spochp:978-3-319-64568-1_4
    DOI: 10.1007/978-3-319-64568-1_4
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