Patents by Inventor Karl Kruse

Karl Kruse has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Method and computer system for setting inventory control levels from demand inter-arrival time, demand size statistics
    Patent number: 8600843
    Abstract: A method or a machine determines minimum (s) and maximum (S) inventory control levels (s, S) for inventory items based upon a demand history of the inventory items, such as demand inter-arrival times (IA) and demand requisition sizes (RS). An expected cost is computed including two or more inventory item cost components of expected cost of ordering, expected cost of carrying inventory, or expected cost of outstanding backorders for the inventory control levels (s, S), directly from frequency statistics of different demand IA and demand RS on an inventory item basis. An optimal inventory control level (s, S) of an inventory item is searched that minimizes the cost of ordering, carrying inventory, and/or backorders, based upon the generated expected cost.
    Type: Grant
    Filed: September 19, 2011
    Date of Patent: December 3, 2013
    Assignee: Logistics Management Institute (LMI)
    Inventors: Tovey C. Bachman, Karl Kruse, Joel Lepak, John Westbrook