[go: up one dir, main page]
More Web Proxy on the site http://driver.im/
Skip to main content

A Study on Optimal Policy for Purchase Data Updating in ERP Systems

  • Conference paper
  • First Online:
Data Science (ICDS 2015)

Part of the book series: Lecture Notes in Computer Science ((LNISA,volume 9208))

Included in the following conference series:

Abstract

In the age of big data, it is a challenging task for ERP systems to maintain data timeliness over changing data sources. Purchase data is an important dynamic data and its timeliness directly affects the accuracy of inventory data and purchase plans. According to the characteristics of Markov decision process, we design a dynamic programming algorithm to obtain the optimal purchase data updating policy. Its effectiveness is tested by comparing with traditional fixed interval policies with real-life enterprise data. The comparison results show the proposed updating policy outperforms the fixed interval policies and can be applied to enterprises when updating ERP systems.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Subscribe and save

Springer+ Basic
£29.99 /Month
  • Get 10 units per month
  • Download Article/Chapter or eBook
  • 1 Unit = 1 Article or 1 Chapter
  • Cancel anytime
Subscribe now

Buy Now

Chapter
GBP 19.95
Price includes VAT (United Kingdom)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
GBP 31.99
Price includes VAT (United Kingdom)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
GBP 39.99
Price includes VAT (United Kingdom)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Similar content being viewed by others

References

  1. Zach, O., Munkvold, B.E., Olsen, D.H.: ERP system implementation in SMEs: exploring the influences of the SME context. Enterp. Inf. Syst. 1, 1–27 (2012)

    Google Scholar 

  2. Huang, Y.-Y., Handfield, R.B.: Measuring the benefits of ERP on supply management maturity model: a “Big Data” method. Int. J. Oper. Prod. Manage. 35, 2–25 (2015)

    Article  Google Scholar 

  3. Manyika, J., Chui, M., Brown, B., Bughin, J., Dobbs, R., Roxburgh, C., Byers, A.H.: Big Data: The Next Frontier for Innovation, Competition, and Productivity. McKinsey Global Institute (2011)

    Google Scholar 

  4. Fang, X., Rachamadugu, R.: Policies for knowledge refreshing in databases. Omega 37, 16–28 (2009)

    Article  Google Scholar 

  5. Ballou, D.P., Pazer, H.L.: Modeling data and process quality in multi-input. Multi-output Inf. Syst. Manage. Sci. 31, 150–162 (1985)

    Google Scholar 

  6. Segev, A., Fang, W.P.: Optimal update policies for distributed materialized views. Manage. Sci. 37, 851–870 (1991)

    Article  MATH  Google Scholar 

  7. Adelberg, B., Garcia-Molina, H., Kao, B.: Applying update streams in a soft real-time database system. In: Proceedings of the 1995 ACM SIGMOD International Conference on Management of Data, vol. 24, pp. 245–256. ACM, New York (1995)

    Google Scholar 

  8. Ling, Y.B., Mi, J.: An optimal trade-off between content freshness and refresh cost. J. Appl. Probab. 41, 721–734 (2004)

    Article  MathSciNet  MATH  Google Scholar 

  9. Dey, D., Zhang, Z., De, P.: Optimal synchronization policies for data warehouses. INFORMS J. Comput. 18, 229–242 (2006)

    Article  MathSciNet  MATH  Google Scholar 

  10. Fang, X., Sheng, O.R.L., Goes, P.: When is the right time to refresh knowledge discovered from data? Oper. Res. 61, 32–44 (2013)

    Article  MathSciNet  MATH  Google Scholar 

  11. Abdellatif, A., Ammar, A.B., Mazlout, C.: Markov chain for the recommendation of materialized views in real-time data warehouse. Int. J. Comput. Sci. Eng. Appl. 4, 13–25 (2014)

    Google Scholar 

  12. Paxson, V., Floyd, S.: Wide area traffic - the failure of Poisson modeling. IEEE-ACM Trans. Netw. 3, 226–244 (1995)

    Article  Google Scholar 

Download references

Acknowledgments

This work was supported by the National Natural Science Foundation under Grant No. 71428003,71471144, 71071126.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Feng Wu .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2015 Springer International Publishing Switzerland

About this paper

Cite this paper

Zong, W., Wu, F., Jiang, Z., Qu, Y. (2015). A Study on Optimal Policy for Purchase Data Updating in ERP Systems. In: Zhang, C., et al. Data Science. ICDS 2015. Lecture Notes in Computer Science(), vol 9208. Springer, Cham. https://doi.org/10.1007/978-3-319-24474-7_3

Download citation

  • DOI: https://doi.org/10.1007/978-3-319-24474-7_3

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-24473-0

  • Online ISBN: 978-3-319-24474-7

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics