Showing 1 - 10 of 184
This paper studies the inventory system of a retailer who orders his products from two supply sources, a local one that … global source only partially satisfy the quality requirements. We model this situation with a dual-sourcing inventory model … inventory model with an unreliable supplier by a sequence of dual-sourcing models with reliable suppliers and suitably modified …
Persistent link: https://www.econbiz.de/10011209373
, cultural and demographic differences and variations in store format. Accounting for these variations appropriately in inventory … store demands leads to a higher expected profit, for a given inventory and total mean demand. If more than one inventory …-optimizing store inventory policies in midseason. In this paper, we formulate a dynamic stochastic optimization model that determines …
Persistent link: https://www.econbiz.de/10010871106
This paper proposes an adaptive fuzzy control application to support a vendor managed inventory (VMI). The methodology … management in allocating inventory by coordinating suppliers and buyers to ensure minimum inventory levels across a supply chain …
Persistent link: https://www.econbiz.de/10010871230
Due to evaporation, obsolescence, spoilage, etc., some products (e.g., fruits, vegetables, pharmaceuticals, volatile liquids, and others) not only deteriorate continuously but also have their expiration dates. To attract new buyers and increase sales, a seller frequently offers its buyers a...
Persistent link: https://www.econbiz.de/10010738158
We consider a continuous-review inventory problem for a retailer facing constant customer demand for a single product … reliable. If Supplier 1 is available when the inventory level at the retailer reaches the reorder point, the retailer orders …
Persistent link: https://www.econbiz.de/10010595015
The aim of this paper is to analyse the operational response of a Synchronised Supply Chain (SSC). To do so, first a new mathematical model of a SSC is presented. An exhaustive Latin Square design of experiments is adopted in order to perform a boundary variation analysis of the main three...
Persistent link: https://www.econbiz.de/10010597625
In this paper we analyze the interval availability of a two-echelon, multi-item spare part inventory system. We …
Persistent link: https://www.econbiz.de/10010662530
We consider the inventory control problem of an independent supplier in a continuous review system. The supplier faces … information about the inventory levels at the customer is available, reviews and ordering are usually carried out by the supplier … value of information about the customer’s inventory level. Our numerical study shows that if the supplier were to use the …
Persistent link: https://www.econbiz.de/10011052505
in case the manufacturer’s inventory falls short. We suggest a stochastic calculus framework to study the problem and … reduce the volatility of both inventory and production orders, the ratio between expected direct channel and retail sales …
Persistent link: https://www.econbiz.de/10011052635
In 2014, Wang et al. (2014) extended the model of Lou and Wang (2012) to incorporate the credit period dependent demand and default risk for deteriorating items with maximum lifetime. However, the rates of demand, default risk and deterioration in the model of Wang et al. (2014) are assumed to...
Persistent link: https://www.econbiz.de/10011052745