- -

Using system simulation to search for the optimal multi-ordering policy for perishable goods

RiuNet: Institutional repository of the Polithecnic University of Valencia

Share/Send to

Cited by

Statistics

El jueves 27, desde las 00:00 hasta las 10:00 horas, el sistema se apagará debido a tareas de mantenimiento.

Using system simulation to search for the optimal multi-ordering policy for perishable goods

Show full item record

Huang, Y.; Chang, X.; Ding, Y. (2019). Using system simulation to search for the optimal multi-ordering policy for perishable goods. International Journal of Production Management and Engineering. 7(1):49-62. https://doi.org/10.4995/ijpme.2019.10745

Por favor, use este identificador para citar o enlazar este ítem: http://hdl.handle.net/10251/116424

Files in this item

Item Metadata

Title: Using system simulation to search for the optimal multi-ordering policy for perishable goods
Author: Huang, Y.C. Chang, X.Y. Ding, Y.A.
Issued date:
Abstract:
[EN] This paper explores the possibility that perishable goods can be ordered several times in a single period after considering the cost of Marginal contribution, Marginal loss, Shortage, and Purchasing under stochastic ...[+]
Subjects: Perishable goods , Single-period , Multi-ordering , Newsvendor model , Monte Carlo method
Copyrigths: Reconocimiento - No comercial - Sin obra derivada (by-nc-nd)
Source:
International Journal of Production Management and Engineering. (issn: 2340-5317 ) (eissn: 2340-4876 )
DOI: 10.4995/ijpme.2019.10745
Publisher:
Universitat Politècnica de València
Publisher version: https://doi.org/10.4995/ijpme.2019.10745
Type: Artículo

References

Azoury, K.S., Miller, B.L. (1984). A comparison of the optimal ordering levels of bayesian and non-bayesian inventory models, Management Science, 30(8), 993-1003. https://doi.org/10.1287/mnsc.30.8.993

Alfares, H.K., Elmorra, H.H. (2005). The distribution-free newsboy problem: extensions to the shortage penalty case, International Journal of Production Economics, 93-94(8), 465-477. https://doi.org/10.1016/j.ijpe.2004.06.043

Chung, C.S., Flynn, J. (2001). A newsboy problem with reactive production, Computers & Operations Research, 28(8), 751-765. https://doi.org/10.1016/S0305-0548(00)00006-X [+]
Azoury, K.S., Miller, B.L. (1984). A comparison of the optimal ordering levels of bayesian and non-bayesian inventory models, Management Science, 30(8), 993-1003. https://doi.org/10.1287/mnsc.30.8.993

Alfares, H.K., Elmorra, H.H. (2005). The distribution-free newsboy problem: extensions to the shortage penalty case, International Journal of Production Economics, 93-94(8), 465-477. https://doi.org/10.1016/j.ijpe.2004.06.043

Chung, C.S., Flynn, J. (2001). A newsboy problem with reactive production, Computers & Operations Research, 28(8), 751-765. https://doi.org/10.1016/S0305-0548(00)00006-X

Chun, Y.H. (2003). Optimal pricing and ordering policies for perishable commodities, European Journal of Operational Research, 144(1), 68-82. https://doi.org/10.1016/S0377-2217(01)00351-4

Chen, L.H., Chen, Y.C. (2009). A newsboy problem with a simple reservation arrangement. Computers & Industrial Engineering, 56(1), 157-160. https://doi.org/10.1016/j.cie.2008.04.010

Dian, J.R. (1990). A high-low search algorithm for a newsboy problem with delayed information feedback. Operations Research, 38(5), 838-846. https://doi.org/10.1287/opre.38.5.838

Dye, C.Y., Ouyang, L.Y. (2005). An EOQ model for perishable items under stock-dependent selling rate and time-dependent partial backlogging. European Journal of Operational Research, 163(3), 776-783. https://doi.org/10.1016/j.ejor.2003.09.027

Fujiwara, O., Soewandi, H., Sedarage, D. (1997). An optimal ordering and issuing policy for a two-stage inventory system for perishable products. European Journal of Operational Research, 99(2), 412-424. https://doi.org/10.1016/S0377-2217(95)00365-7

Gallego, G., Moon, I. (1993). The distribution free newsboy problem: review and extensions. Journal of the Operational Research Society, 44(8), 825-834. https://doi.org/10.1057/jors.1993.141

Khouja, M. (1999). The single-period (news-vendor) problem: literature review and suggestions for future research. Omega, 27(5), 537-553. https://doi.org/10.1016/S0305-0483(99)00017-1

Khouja, M.J. (2000). Optimal ordering, discounting, and pricing in the single-period problem. International Journal of Production Economics, 65(2), 201-216. https://doi.org/10.1016/S0925-5273(99)00027-4

Lau, H., Lau, H. (1998). Decision models for single-period products with two ordering opportunities. International Journal of Production Economics, 55(1), 57-70. https://doi.org/10.1016/S0925-5273(98)00040-1

Padmanabhan, G., Vrat, P. (1995). EOQ models for perishable items under stock dependent selling rate. European Journal of Operational Research, 86(2), 281-292. https://doi.org/10.1016/0377-2217(94)00103-J

Pando, V., Luis, A.S.J., Juan, G.L., Sicilia, J. (2013). A newsboy problem with an emergency order under a general backorder rate function. Omega, 41(6), 1020-1028. https://doi.org/10.1016/j.omega.2013.01.003

Zheng, M., Wu, K., Shu, Y. (2016). Newsvendor problems with demand forecast updating and supply constraints. Computers & Operations Research, 67, 193-206. https://doi.org/10.1016/j.cor.2015.10.007

[-]

recommendations

 

This item appears in the following Collection(s)

Show full item record