scholarly journals Joint optimal pricing and inventory management policy and its sensitivity analysis for perishable products: Lost sale case

2021 ◽  
Vol 0 (0) ◽  
pp. 0
Author(s):  
Xue Qiao ◽  
Zheng Wang ◽  
Haoxun Chen
Keyword(s):  
Sensitivity Analysis ◽  
Inventory Management ◽  
Management Policy ◽  
Optimal Pricing ◽  
Perishable Products

Analisis Pengendalian Persediaan Barang Pupuk Dengan Metode Economic Order Quality Pada Perusahaan Maju Mapan

2021 ◽  
Vol 2 (1) ◽  
pp. 7-14
Author(s):  
Dini Fitriani
Keyword(s):  
Inventory Management ◽  
Management Policy ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Order Quantity ◽  
Inventory Cost ◽  
Sales Process ◽  
Main Activity ◽  
A Company

The Maju Mapan Company is a company engaged in trading, whose main activity is selling fertilizer types. In carrying out sales activities, it is closely related to merchandise inventory which is an important component that must be available for the smooth running of the sales process. This study aims to determine the quantity of economical fertilizer merchandise inventory using the Economic Order Quantity method. From the results of calculations that have been done by comparing the current trading goods inventory management policy in the company with the EOQ method in the procurement of merchandise, it can be concluded that by using the EOQ method, the quantity of EOQ orders is higher than the order according to the company, but if the company uses the method EOQ, the company will save an inventory cost of Rp. 48,546,480

scholarly journals Production, Replenishment and Inventory Policies for Perishable Products in a Two-Echelon Distribution Network

2020 ◽  
Vol 12 (11) ◽  
pp. 4735
Author(s):  
Mingyuan Wei ◽  
Hao Guan ◽  
Yunhan Liu ◽  
Benhe Gao ◽  
Canrong Zhang
Keyword(s):  
Inventory Management ◽  
Valid Inequalities ◽  
Distribution Network ◽  
Planning Horizon ◽  
Branch And Cut ◽  
Computational Time ◽  
Perishable Products ◽  
Inventory Cost ◽  
Routing Problem ◽  
Selection Of

The research on production, delivery and inventory strategies for perishable products in a two-echelon distribution network integrates the production routing problem (PRP) and two-echelon vehicle routing problem (2E-VRP), which mainly considers the inventory and delivery sustainability of perishable products. The problem investigated in this study is an extension of the basic problems, and it simultaneously optimizes production, replenishment, inventory, and routing decisions for perishable products that will deteriorate over the planning horizon. Additionally, the lead time has been considered in the replenishment echelon, and the unit inventory cost varying with the inventory time is considered in the inventory management. Based on a newly designed model, different inventory strategies are discussed in this study: old first (OF) and fresh first (FF) strategies both for the first echelon and second echelon, for which four propositions to model them are proposed. Then, four valid inequalities, including logical inequalities, a ( ℓ , S , W W ) inequality, and a replenishment-related inequality, are proposed to construct a branch-and-cut algorithm. The computational experiments are conducted to test the efficiency of valid inequalities, branch-and-cut, and policies. Experimental results show that the valid inequalities can effectively increase the relaxed lower bound by 4.80% on average and the branch-and-cut algorithm can significantly reduce the computational time by 58.18% on average when compared to CPLEX in small and medium-sized cases. For the selection of strategy combinations, OF–FF is suggested to be used in priority.

scholarly journals Optimal pricing policies for perishable products

2005 ◽  
Vol 166 (1) ◽  
pp. 246-254 ◽  
Author(s):  
Miguel F. Anjos ◽  
Russell C.H. Cheng ◽  
Christine S.M. Currie
Keyword(s):  
Optimal Pricing ◽  
Perishable Products ◽  
Pricing Policies

Inventory Management in Competition Environment Based on Customer Service

2011 ◽  
Vol 58-60 ◽  
pp. 2141-2146
Author(s):  
Xiao Di ◽  
Bao Xing
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Customer Service ◽  
Inventory Management ◽  
Demand Uncertainty ◽  
Management Policy ◽  
Management Decision ◽  
Inventory Level ◽  
On Demand ◽  
Optimal Policies

Based on demand uncertainty, the paper studies inventory management decision of two competing supply chains from the perspective of customer service. The paper mainly discusses two different inventory strategies, which are widely used, that is, consignment stock and VMI, and analyzes the optimal policies under three competitive scenarios, which consist of using consignment stock in both supply chains (CC mode), using VMI in both supply chains (DD mode), and using consignment stock in one supply chain but VMI another (VC mode). The paper compares equilibrium inventory level and profit of supply chain in different competitive modes, and concludes that both supply chains use VMI is equilibrium, which means that when manufacturers have right to choose inventory management policy, they prefer VMI. But it isn’t paradoxical with the phenomenon that consignment stock is common in reality, because manufacturers are forced to use consignment by retailer’s channel power.

A Distributed Model Predictive Control Strategy for the Bullwhip Reducing Inventory Management Policy

2019 ◽  
Vol 15 (2) ◽  
pp. 932-941 ◽  
Author(s):  
Dongfei Fu ◽  
Hai-Tao Zhang ◽  
Ying Yu ◽  
Clara Mihaela Ionescu ◽  
El-Houssaine Aghezzaf ◽  
...  
Keyword(s):  
Model Predictive Control ◽  
Inventory Management ◽  
Predictive Control ◽  
Control Strategy ◽  
Management Policy ◽  
Distributed Model ◽  
Distributed Model Predictive Control
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