- -

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

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

Show simple item record

Files in this item

dc.contributor.author Huang, Y.C. es_ES
dc.contributor.author Chang, X.Y. es_ES
dc.contributor.author Ding, Y.A. es_ES
dc.date.accessioned 2019-02-05T11:07:20Z
dc.date.available 2019-02-05T11:07:20Z
dc.date.issued 2019-01-31
dc.identifier.issn 2340-5317
dc.identifier.uri http://hdl.handle.net/10251/116424
dc.description.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 demand. In order to determine the optimal ordering quantity to improve the traditional newsvendor and maximize the total expected profits, and then sensitivity analysis is taken to realize the influence of the parameters on total expected profits and decision variables respectively. In addition, this paper designed a multi-order computerized system with Monte Carlo method to solve the optimal solution under stochastic demand. Based on numerical examples, this paper verified the feasibility and efficiency of the proposed model. Finally, several specific conclusions are drawn for practical applications and future studies. es_ES
dc.language Inglés es_ES
dc.publisher Universitat Politècnica de València
dc.relation.ispartof International Journal of Production Management and Engineering
dc.rights Reconocimiento - No comercial - Sin obra derivada (by-nc-nd) es_ES
dc.subject Perishable goods es_ES
dc.subject Single-period es_ES
dc.subject Multi-ordering es_ES
dc.subject Newsvendor model es_ES
dc.subject Monte Carlo method es_ES
dc.title Using system simulation to search for the optimal multi-ordering policy for perishable goods es_ES
dc.type Artículo es_ES
dc.date.updated 2019-02-05T10:42:36Z
dc.identifier.doi 10.4995/ijpme.2019.10745
dc.rights.accessRights Abierto es_ES
dc.description.bibliographicCitation 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 es_ES
dc.description.accrualMethod SWORD es_ES
dc.relation.publisherversion https://doi.org/10.4995/ijpme.2019.10745 es_ES
dc.description.upvformatpinicio 49 es_ES
dc.description.upvformatpfin 62 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 7
dc.description.issue 1
dc.identifier.eissn 2340-4876
dc.description.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 es_ES
dc.description.references 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 es_ES
dc.description.references 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 es_ES
dc.description.references 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 es_ES
dc.description.references 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 es_ES
dc.description.references 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 es_ES
dc.description.references 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 es_ES
dc.description.references 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 es_ES
dc.description.references 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 es_ES
dc.description.references 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 es_ES
dc.description.references 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 es_ES
dc.description.references 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 es_ES
dc.description.references 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 es_ES
dc.description.references 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 es_ES
dc.description.references 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 es_ES


This item appears in the following Collection(s)

Show simple item record