DocumentCode :
2370832
Title :
Inventory management with substitution and unreliable supplier
Author :
Gan, Xiaobing ; Hou, Chenfang ; Ma, Lijun
Author_Institution :
Coll. of Manage., ShenZhen Univ., Shenzhen, China
fYear :
2011
fDate :
25-27 June 2011
Firstpage :
1
Lastpage :
5
Abstract :
The newsvendor problem is about how to make optimal ordering decisions for short-life cycle product with demand uncertainty. Few papers study inventory problem with unreliable suppliers, even for those who consider unreliable suppliers, very few are concerned with demand lost. In this paper, we model the newsvendor decision making behavior, which takes the unreliable suppliers and demand lost into consideration. We get optimal ordering quantity and find that substitutions affect the ordering quantity.
Keywords :
decision making; order processing; supply and demand; uncertainty handling; demand lost; demand uncertainty; inventory management; newsvendor decision making behavior; optimal ordering decisions; short-life cycle product; unreliable supplier; Decision making; Inventory management; Numerical models; Operations research; Supply chains; Uncertainty; Newsvendor; Substitution; Supply Chain; Unreliable Supply;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Service Systems and Service Management (ICSSSM), 2011 8th International Conference on
Conference_Location :
Tianjin
ISSN :
2161-1890
Print_ISBN :
978-1-61284-310-0
Type :
conf
DOI :
10.1109/ICSSSM.2011.5959528
Filename :
5959528
Link To Document :
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