Optimal Ordering Policy for Perishable Products Based on Substitutable Demand

被引：0
|
作者：
Liu Bei-lin [1 ]
Wang Yu-hui [1 ]
机构：
[1] Harbin Univ Commerce, Sch Management, Harbin 150076, Peoples R China
来源：
ICPOM2008: PROCEEDINGS OF 2008 INTERNATIONAL CONFERENCE OF PRODUCTION AND OPERATION MANAGEMENT, VOLUMES 1-3 | 2008年
关键词：
perishable products; substitutable demand; ordering policy;
D O I：
暂无
中图分类号：
C93 [管理学]; O22 [运筹学];
学科分类号：
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要：
For the maximize profits, the decision of how to obtain optimal quantity for the newer products of perishable products is discussed, with two-direction-substitutable demand and with fixed life time. Assume that the price of both the products and the inventory level of the older one are given. By establishing stochastic demand model, the optimal ordering quantity policy of the newer one is derived, with two-direction-substitutable demand. A numerical example is used to demonstrate the lost profit due to ignoring the two-direction-substitutable demand.
引用
收藏
页码：315 / 318
页数：4
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