An Application of Newsvendor Model on Pipe Stringing Operations of a Gas Pipeline Construction Project

Yuqiang Wei, Chenggong Feng, Shunichi Ohmori, Arnat Watanasungsuit, Choosak Pornsing, Kawinthorn Saichareon*

*この研究の対応する著者

研究成果: Conference contribution

抄録

With the increasingly fierce market competition, enterprises must maintain their invincible position through continuous improvement, innovation, and optimization of their operations to save cost and maximize profit. In this article, the authors introduce a resource allocation technique for a long-distance gas pipeline construction project. Through the introduction of the newsvendor model, the optimal resource allocation,workforce, and equipment, on the pipeline stringing operations, which makes the welding crew perform its functions are the crucial tactic of the operation manager. The idea of this study is to adopt the concept of the newsvendor model for trading between overstock cost and understock cost of gas pipe transportation management. The result of applying has shown that the model provided the optimal control of the pipeline stringing operation in which concern to the uncertainty of relevant factors. In this case study, the total cost is $760.13 per day compared to the total cost of the traditional method, delivering the pipes at an average quantity, which is $1,587.22 per day. As a result, the newsvendor model could save the company money by 52.11% on supply chain and logistics operations. Furthermore, the newsvendor model does not only provide a simple optimization technique but also shows a guide to businesses to think about applying other optimization tools to their business processes and manufacturing processes.

本文言語English
ホスト出版物のタイトルICCMB 2022 - 2022 5th International Conference on Computers in Management and Business
出版社Association for Computing Machinery
ページ180-184
ページ数5
ISBN(電子版)9781450387422
DOI
出版ステータスPublished - 2022 1月 21
イベント5th International Conference on Computers in Management and Business, ICCMB 2022 - Virtual, Online, Singapore
継続期間: 2022 1月 212022 1月 23

出版物シリーズ

名前ACM International Conference Proceeding Series

Conference

Conference5th International Conference on Computers in Management and Business, ICCMB 2022
国/地域Singapore
CityVirtual, Online
Period22/1/2122/1/23

ASJC Scopus subject areas

  • 人間とコンピュータの相互作用
  • コンピュータ ネットワークおよび通信
  • コンピュータ ビジョンおよびパターン認識
  • ソフトウェア

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