System and Method of Simultaneous Computation of Optimal Order Point and Optimal Order Quantity
Patent №
US 11,468,403
Granted
2022-10-11
Filed 2020
Owner
JDA SOFTWARE GROUP, INC.
+1 more
Lab
—
AI components
5
ml · vision · planning · evo · hardware
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
16852066
A system is disclosed for simultaneous computation of optimal order point and optimal order quantity. The system includes one or more memory units and on ore more processing units, collectively configured to receive initial inputs, initialize a first, at least second and final locations and the initial inputs and compute a first baseline inventory performance of the first level. The system is further configured to compute at least a second inventory performance of the at least second level and perform optimization iterations by simultaneously determining a change in inventory performance for the first and the at least second level when the re-order point (R) is incremented by a specified R increment value and when the re-order quantity is incremented by a specified Q increment value. The system is further configured to report the reorder point and reorder quantity for the first, the at least second, and the final location.
AI classification
Ownership
JDA SOFTWARE GROUP, INC.
assignment · 525270585
BLUE YONDER GROUP, INC.
namechg · 525310343
Assignors
KONANUR, CHANDRASHEKAR SRIKANTIAH
On an employer assignment, the assignors are typically the inventors.