Download or read book Partial Returns in the Single Period Inventory Model written by Irwin W. Kabak and published by . This book was released on 1984 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Alternate return criteria in the framework of a one period inventory model written by Allen Ira Schiff and published by . This book was released on 1974 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Recent Developments in Operational Research written by Manju Lata Agarwal and published by CRC PressI Llc. This book was released on 2002-05-01 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings out recent developments and current activity in different areas of operational research. The topics covered include the following major areas: mathematical programming, queuing theory, reliability and maintenance, inventory and production control, statistical methods, networks and sequencing, and information technology. Recent Developments in Operational Research will be of considerable value and interest to operational researchers, both theoreticians and practitioners, as well as a reference source for research workers.
Download or read book The single period inventory model with spectral risk measures written by Johannes Fichtinger and published by . This book was released on 2010 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reverse Logistics written by Rommert Dekker and published by Springer Science & Business Media. This book was released on 2013-06-05 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses decision making in reverse logistics, which concerns the integration of used and obsolete products back into the supply chain as valuable resources. It covers a wide range of aspects, related to distribution, production and inventory management, and supply chain management. For each topic, it highlights key managerial issues in real-life examples and explains which quantitative models are available for addressing them. By treating a broad range of issues in a unified way, the book offers the reader a comprehensive view on the field of reverse logistics.
Download or read book The Single Period Inventory Model Origins Solutions Variations and Applications written by and published by . This book was released on 1977 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The classic newspaper boy or single period inventory problem is reviewed, and its origins and development during the past 30 years are traced. The review reveals several variations for the classic problem, both in cost structure and in the decision principles involved. The critical role of costs and demand functions to solutions is examined. A large variety of potential applications for this model is summarized from the literature. Also, optimal solutions are derived for the constant surplus cost case and the exponential cost case. (Author).
Download or read book Supply Chain Management Models Applications and Research Directions written by Joseph Geunes and published by Springer Science & Business Media. This book was released on 2006-02-28 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work brings together some of the most up to date research in the application of operations research and mathematical modeling te- niques to problems arising in supply chain management and e-Commerce. While research in the broad area of supply chain management enc- passes a wide range of topics and methodologies, we believe this book provides a good snapshot of current quantitative modeling approaches, issues, and trends within the field. Each chapter is a self-contained study of a timely and relevant research problem in supply chain mana- ment. The individual works place a heavy emphasis on the application of modeling techniques to real world management problems. In many instances, the actual results from applying these techniques in practice are highlighted. In addition, each chapter provides important mana- rial insights that apply to general supply chain management practice. The book is divided into three parts. The first part contains ch- ters that address the new and rapidly growing role of the internet and e-Commerce in supply chain management. Topics include e-Business applications and potentials; customer service issues in the presence of multiple sales channels, varying from purely Internet-based to traditional physical outlets; and risk management issues in e-Business in B2B m- kets.
Download or read book Modelling and Control of National and Regional Economies 1995 written by Ljubisa Vlačić and published by Pergamon. This book was released on 1996 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: Paperback. The IFAC Symposium on Modelling and Control of National and Regional Economies held on 2-5 July 1995 at the Gold Coast, Queensland, Australia was attended by members of different disciplines involved in the modelling and control of economic, financial, production and other systems. The Symposium provided a forum for the exchange of ideas and results between, on the one hand, the engineers, information technology specialists and other developers of modelling and control techniques, and, on the other, users of these techniques, especially economists, econometricians finance specialists and management experts. This IFAC postprint volume is generated from the papers presented at this symposium.
Download or read book Apors Development In Diversity And Hearmony Proceedings Of The Third Conference written by Kaoru Tone and published by World Scientific. This book was released on 1995-02-28 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book consists of selected papers presented at the Third Conference of the Asian-Pacific Operational Research Societies. The selected papers cover broad areas of operations research, ranging from traditional to new directions in theory, algorithm and applications. Typical topics are linear and nonlinear programming, interior point method, combinatorial programming, scheduling, queueing theory, simulation, forecasting, inventory, telecommunication, finance, organizational intelligence, analytic hierarchy process, data envelopment analysis, fuzzy programming and others.
Download or read book Operational and Economical Perspectives on Consumer Returns written by Gülay Samatli-Pac̦ and published by . This book was released on 2013 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Customer return policies are one of common after sale services offered by a retailer in order to boost sales, improve customer satisfaction and diminish customer fit uncertainty. With such a service, the retailer accepts the return of a product after the sale has occurred, if it does not satisfy the customer's expectations. This study investigates consumer returns from three different perspectives. First, we start with a single period inventory planning problem of multi-variants in which customers have a right to return products in case of dissatisfaction. We assume that returns can be as-good-as-new condition after a minor restocking process and they are resalable in the same selling period. At the time of purchasing, a customer may choose to substitute her choice with another variant of the item, if the former is sold out. This, so called substitution, and resalable returns are important parameters in assortment planning that might affect the total profit dramatically. Under this setting, we aim to illustrate the effect of return and substitution on the optimal order quantities of variants and the total expected profit. We show that the total profit decreases as the probability of returns or the probability of resalable returns increases. In addition, the probability of substitution, return, or resalable return has a negative effect on inventory level of variants. Second, we analyze a retailer's return policy problem when the market consists of loss-averse customers who are more sensitive to losses than gains instead of being risk-neutral customers. We examine the situation in which a seller makes price and quantity decisions for a single item and also designs an appropriate returns policy in order to maximize his profit. We analyze the case where the seller offers either a full-refund or a partial-refund policy if he decides to accept returns or chooses not to accept any returns. With the full-refund policy, the seller reimburses the consumer the full price of the product if it does not fit the customer's preferences. With a partial-refund policy, the seller offers a refund which is strictly less than the purchase price. We assume that customers are strategic customers aiming to maximize their utilities of the product. With this model, we aim to analyze the impact of loss aversion on the seller's price and order quantity decisions. We show that the seller keeps fewer inventories as customers get more loss-averse and loss-aversion has a negative effect on the expected unit profit. Thus, the total profit decreases as loss-aversion. Finally, we present a model that investigates the effects of return policies on each of the two sellers' pricing decisions when these sellers engage in market size competition. Our model simultaneously addresses a consumer's purchase decision and the competing sellers' price decisions, along with their respective return policies. We assume that two competing sellers which do not have a capacity problem only decide their prices and return policies. The sellers may independently offer no-refund, full-refund of the price of the product, or a partial-refund. The market share of each party depends on his and the rival's price and return policy; customer valuations of the product and the degree of competition between the sellers. Before purchasing, a consumer cannot evaluate the product's utility which is a decreasing function of the price set by the seller from which she chooses to purchase it and the disutility of purchase and/or return which is related to the physical distance between the consumer and the seller's location. The return policy of a seller may also affect a consumer's decision via her expected utility. Thus, pricing and return policy decisions play an important role in the division of the total market. We show that the full-refund policy yields a higher purchasing price compare to the no-refund or partial-refund policy. However, it only performs better in terms of profit when the product has a small salvage value and a partial-refund policy is not an option for the retailer. When the retailer offers the partial-refund policy, it always dominates the other refund policies. In addition, we show that the full-refund policy provides the highest consumer surplus since customers do not face any risk of misfit. On the other hand, the full-refund policy is socially efficient only when the salvage value is high. For low salvage values, the partial-refund policy yields a higher level of social welfare.
Download or read book Supply Chain Coordination under Uncertainty written by Tsan-Ming Choi and published by Springer Science & Business Media. This book was released on 2011-08-14 with total page 651 pages. Available in PDF, EPUB and Kindle. Book excerpt: Channel coordination is a core subject of supply chain management. Over the past decade, much research effort has been devoted to exploring the detailed mechanisms for achieving supply chain coordination under uncertainty, generating many fruitful analytical and empirical results. Despite the abundance of research results, there is an absence of a comprehensive reference source that provides state-of-the-art findings on both theoretical and applied research on the subject. In addition, with the advance of knowledge and technologies, many new topics on supply chain coordination under uncertainty have appeared in recent years. This handbook extensively examines supply chain coordination challenges with a focal point on discovering innovative measures that can help tackle the existing and emerging challenges. The book is organized into five parts, which include chapters on innovative analytical models for coordination, channel power and bargaining, technological advancements and applications, empirical analysis, cases studies and review. This handbook provides new empirical and analytical results with precious insights, which will not only help supply chain agents to understand more about the latest measures for supply chain coordination under uncertainty, but also help practitioners and researchers to know how to improve supply chain performance based on innovative methods.
Download or read book Single Period Models for Single Stage Production Inventory Systems with Uncertain Yields written by Candace Arai Yano and published by . This book was released on 1986 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Relational Supply Contracts written by Michaela Isabel Höhn and published by Springer Science & Business Media. This book was released on 2009-10-03 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supply relations are often governed by so-called relational contracts. These are informal agreements sustained by the value of future cooperation. Although relational contracts persist in practice, research on these types of contract is only emerging in Operations and Supply Chain Management. This book studies a two-firm supply chain, where repeated transactions via well-established supply contracts and continued quality-improvement efforts are governed by a relational contract. We are able to characterize an optimal relational contract, i.e., to develop policies for supplier and buyer that structure investments in quality and flexibility in a way that no other self-enforcing contract generates higher expected joint surplus. A second goal is to compare the performance of different returns mechanisms in the context of relational contracting (quantity flexibility and buy-back contracts). Industry studies motivate the presented model.
Download or read book Mathematica Japonicae written by and published by . This book was released on 1998 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inventory Rationing written by Karin Möllering and published by Springer. This book was released on 2019-03-01 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last decades have seen an increasing diversity of customer expectations and growing competitive pressure for a wide variety of industries. Customer segmentation and subsequent inventory rationing provide a way to cope with those customer demands while maintaining a competitive offer. The general idea resembles the yield management practised in the airline or hotel industries: Demand fulfilment for low priority customers might be refused or delayed in order to reserve stock for more important clients. This dissertation thesis from Karin Möllering provides a comprehensive introduction to inventory rationing. It gives an overview of the different approaches studied and identifies state-of-the-art rules. In a second step, the book particularly focuses on an easy-to-implement but highly efficient rationing strategy. For this strategy, a mathematical model is developed that allows for optimization under different objectives. Potential readership includes scholars of inventory control and management science, students interested in these areas as well as practitioners involved in formulating and implementing rationing strategies.
Download or read book Accounting Principles Volume 1 written by Jerry J. Weygandt and published by John Wiley & Sons. This book was released on 2021-09-20 with total page 770 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accounting Principles helps students succeed with its proven pedagogical framework, technical currency and an unparalleled robust suite of study and practice resources. It has been praised for its outstanding visual design, excellent writing style and clarity of presentation. The new eighth edition provides more opportunities to use technology and new features that empower students to apply what they have learned in the classroom to the worldoutside the classroom.
Download or read book Supply Chain written by Vedran Kordic and published by BoD – Books on Demand. This book was released on 2008-02-01 with total page 582 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally supply chain management has meant factories, assembly lines, warehouses, transportation vehicles, and time sheets. Modern supply chain management is a highly complex, multidimensional problem set with virtually endless number of variables for optimization. An Internet enabled supply chain may have just-in-time delivery, precise inventory visibility, and up-to-the-minute distribution-tracking capabilities. Technology advances have enabled supply chains to become strategic weapons that can help avoid disasters, lower costs, and make money. From internal enterprise processes to external business transactions with suppliers, transporters, channels and end-users marks the wide range of challenges researchers have to handle. The aim of this book is at revealing and illustrating this diversity in terms of scientific and theoretical fundamentals, prevailing concepts as well as current practical applications.
