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, 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
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
results analysis. The demand pattern, inventory, manufacturing time and transportation cost are identified as the factors. All …
Persistent link: https://www.econbiz.de/10010669265
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
This paper presents a review of the literature on inventory and supply chain management of blood products. First, we …
Persistent link: https://www.econbiz.de/10011052777
the retailer in turn provides a trade credit of R periods to her/his buyer to stimulate sales and reduce inventory. From …
Persistent link: https://www.econbiz.de/10011052781
In this study we present a planning methodology for a firm whose objective is to match the random supply of annual premium fruits and vegetables from a number of contracted farms and the random demand from the retailers during the planning period. The supply uncertainty is due to the uncertainty...
Persistent link: https://www.econbiz.de/10011052816