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A heuristic for the inventory management of smart vending machine systems
Park, Yang-Byung; Yoo, Jun-Soo - In: Journal of Industrial Engineering and Management (JIEM) 5 (2012) 2, pp. 354-363
Purpose: The purpose of this paper is to propose a heuristic for the inventory management of smart vending machine …. Design/methodology/approach: The heuristic is developed on the basis of the decoupled approach. An integer linear …-size test problems to compare the proposed heuristic with the integrated optimization mathematical model with respect to system …
Persistent link: https://www.econbiz.de/10011939010
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Integrating Pricing and Inventory Control: Is it Worth the Effort?
Gimpl-Heersink, Lisa; Rudloff, Christian; Fleischmann, … - In: BuR - Business Research 1 (2008) 1, pp. 106-123
In this paper we first show that the gains achievable by integrating pricing and inventory control are usually small for classical demand functions. We then introduce reference price models and demonstrate that for this class of demand functions the benefits of integration with inventory control...
Persistent link: https://www.econbiz.de/10010421327
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Network design for cylinder gas distribution
Singh, Tejinder Pal; Neagu, Nicoleta; Quattrone, Michele; … - In: Journal of Industrial Engineering and Management (JIEM) 8 (2015) 1, pp. 85-109
Purpose: Network design of the supply chain is an important and strategic aspect of logistics management. In this paper, we address the network design problem specific to packaged gases (cylinder) supply chain. We propose an integrated framework that allows for the determination of the optimal...
Persistent link: https://www.econbiz.de/10011939188
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Competition and product quality in the supermarket industry
Matsa, David - 2009
This paper analyzes the effect of competition on a supermarket firm's incentive to provide product quality. In the supermarket industry, product availability is an important measure of quality. Using U.S. consumer price index microdata to track inventory shortfalls, I find that stores facing...
Persistent link: https://www.econbiz.de/10010332127
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Application of queuing theory in inventory systems with substitution flexibility
Seyedhoseini, S.M.; Rashid, Reza; Zangeneh, Erfan; … - In: Journal of Industrial Engineering International 11 (2015), pp. 37-44
Considering the competition in today's business environment, tactical planning of a supply chain becomes more complex than before. In many multi-product inventory systems, substitution flexibility can improve profits. This paper aims to prepare a comprehensive substitution inventory model, where...
Persistent link: https://www.econbiz.de/10011640841
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Retail chain affiliation and time trend effects on inventory turnover in Norwegian SMEs
Breivik, Jørgen - In: Cogent Business & Management 6 (2019), pp. 1-17
Inventory is a significant and important asset for retailers and represents what a store has to offer its customers for instant purchase; at the same time, considerable costs are associated with holding inventory. In this study, we use inventory turnover as a measure of inventory performance. We...
Persistent link: https://www.econbiz.de/10012117403
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Reexamining the relationship between inventory management and firm performance: An organizational life cycle perspective
Elsayed, Khaled; Wahba, Hayam - In: Future Business Journal 2 (2016) 1, pp. 65-80
Existing evidence regarding inventory-performance relationship is inconclusive. A perspective that this paper stresses in considering this relationship is that it might depend on organizational life cycle stage. The underlying assumptions of this argument are that organization's strategies and...
Persistent link: https://www.econbiz.de/10011937819
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Practical experience in teaching inventory management with edublogs
Garcia-Sabater, Julio J.; Vidal-Carreras, Pilar I.; … - In: Journal of Industrial Engineering and Management (JIEM) 4 (2011) 1, pp. 103-122
Purpose: The aim of this paper is to analyze the utility of edublogs in teaching-learning process applied to postgraduate Courses. Particularly, it describes an experience carried out while delivering a Course offered to students, mainly Industrial Engineers, of a certain Master program....
Persistent link: https://www.econbiz.de/10011938962
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Coordinating supplier-retailer using multiple common replenishment epochs with retailers' choices
Hwang, Juhwen; Wu, Su-Hwa - In: Journal of Industrial Engineering and Management (JIEM) 6 (2013) 2, pp. 441-455
Purpose: Provide a coordination strategy using multiple common replenishment epochs (MCRE) for a single-supplier multi-retailer supply chain. Design/methodology/approach: The demand of a product occurs only with a group of heterogeneous and independent retailers with constant rates, whereas all...
Persistent link: https://www.econbiz.de/10011939055
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A heuristic to minimize the inventory value of repairable parts with service constraints: Application to an airline company
Cardós, Manuel; Babiloni, Eugenia; Palmer Gato, Marta Elena - In: Journal of Industrial Engineering and Management (JIEM) 6 (2013) 3, pp. 771-778
high inventory value. Design/methodology/approach: However, this paper shows that an alternative heuristic approach …/value: Therefore, a company can design its inventory policies applying this heuristic focused on inventory reduction with a service …
Persistent link: https://www.econbiz.de/10011939077