By Xiaoying Liang,Lijun Ma,Haifeng Wang,Houmin Yan
This ebook develops a modeling framework to research the matter of stock administration with substitute supply occasions. the overall context thought of here's vendor replenishes its stock in mounted durations and, among replenishments, allocates the restricted stock to fulfill consumers who're either rate and delivery-time delicate. at the call for facet, clients have heterogeneous delivery-time necessities and select both spot or past due supply. This theoretical modeling captures the essence of real-world enterprise practices reminiscent of the supply time industry segmentation process followed by way of car dealerships in China and lots of different comparable examples. The booklet specializes in the seller’s optimum stock replenishment and insist success regulations, and our effects offer managerial insights into the benefits of versatile delivery-time thoughts. comparable functions corresponding to the group-buying mechanism also are tested. the most mathematical software utilized in theoretical research is dynamic programming. This publication is written for college students, researchers, and practitioners within the parts of operations administration and business engineering who're attracted to knowing the reason of versatile supply occasions and designing profitable applications.
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Inventory Management with Alternative Delivery Times (SpringerBriefs in Operations Management) by Xiaoying Liang,Lijun Ma,Haifeng Wang,Houmin Yan