Multi-product expedited ordering with demand forecast updates
Multi-product expedited ordering with demand forecast updates
复制标题
多产品加急订购以及需求预测更新
DOI:
10.1016/j.ijpe.2018.09.034
复制
发表时间:
2018-12
影响因子:
12
通讯作者:
Yurui Ma
中科院分区:
文献类型:
--
作者:
Bin Zhang;Dongxia Duan;Yurui Ma
This paper studies a purchasing problem with multiple products, resource constraints, demand forecast updates and expedited ordering. The retailer procures the initial quantities of multiple products before the selling season, which are restricted by limited resource, and the retailer can improve the demand forecasts through observing the initial sales. Based on the updated demand forecasts and inventories on hand, the retailer can place an expedited order at higher costs for products during the selling season, which is restricted by the minimum quantity of reordering. We analyze the retailer's optimal procurement policies by trading off between forecast reliability, procurement costs and resource availability. The bi-level programming is used to model the purchasing problem and the binary search solution method is developed for solving the optimal solution. We extend the proposed algorithm to the case with two resource constraints, and also replace the expedited ordering with option contract in the extended study. Numerical experiments are designed to show the value of expedited ordering with demand forecast updates and to obtain managerial insights in comparison with the model with the option contract.
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影响因子:
5.4
作者:
Trenkner Małgorzata
通讯作者:
Trenkner Małgorzata
影响因子:
5.4
作者:
H. Gurnani;Christopher S. Tang
通讯作者:
H. Gurnani;Christopher S. Tang
影响因子:
5
作者:
Chen, Ming;Chen, Zhi-Long
通讯作者:
Chen, Zhi-Long
DOI:
10.2139/ssrn.2334429
发表时间:
2013-12
期刊:
Microeconomics: Search; Learning; Information Costs & Specific Knowledge; Expectation & Speculation eJournal
影响因子:
--
作者:
Arnoud V. den Boer
通讯作者:
Arnoud V. den Boer
DOI:
10.1109/3468.983410
发表时间:
2001-11
期刊:
IEEE Trans. Syst. Man Cybern. Part A
影响因子:
--
作者:
Jian Chen;Lijun Xu
通讯作者:
Jian Chen;Lijun Xu