Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
477298 | European Journal of Operational Research | 2009 | 9 Pages |
Abstract
This paper deals with an ordering-transfer inventory model to determine the retailer’s optimal order quantity and the number of transfers per order from the warehouse to the display area. It is assumed that the amount of display space is limited and the demand rate depends on the display stock level. The objective is to maximize the average profit per unit time yielded by the retailer. The proposed models and algorithms are developed to find the optimal strategy by retailer. Numerical examples are presented to illustrate the models developed and the sensitivity analysis is also reported.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Suresh Kumar Goyal, Chun-Tao Chang,