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Conference Paper: An integrated lot-size model of deteriorating item for one vendor and multiple retailers considering market pricing using genetic algorithm

TitleAn integrated lot-size model of deteriorating item for one vendor and multiple retailers considering market pricing using genetic algorithm
Authors
Issue Date2003
PublisherNational University of Singapore.
Citation
The 3rd International Conference on Electronic Business (ICEB 2003), Singapore, 9-13 December 2003. In Proceedings of the 3rd ICEB, 2003, p. 565-574 How to Cite?
AbstractIn this paper, we propose a model to study influence of pricing and deteriorating rate on the supply chain level net profit and total inventory where genetic algorithm is used for determine the optimal solution. A one-vendor and multi-retailer supply chain for a single deteriorating finished product and raw materials is analyzed. Under the proposed strategy, the vendor buys a non-deteriorating materials to vendor a deteriorating finished product, delivers the finished product to all retailers by common replenishment periods based on VMI (vendor managed inventory) being implemented. All retailers who buy the finished product sell the finished product on their markets. In all of these markets, the finished product in different markets has substitution each other since consumers may have opportunity to buy the finished product from different retailer and Cobb-Douglas demand function is introduced to describe this market attribute. After developing an integrated product-inventory-marketing model for deteriorating product, genetic algorithm is conducted to calculate the optimal pricing and inventory policies. Finally we present the results of a detailed numerical study that analyses the market and deteriorating rate related parameters influence on the supply chain level net profit and inventory level.
DescriptionTheme: E-Business Paradigms: Strategic Transformation and Partnership
Track - SCM & e-logistics: paper ID: 47
Persistent Identifierhttp://hdl.handle.net/10722/100107
ISSN

 

DC FieldValueLanguage
dc.contributor.authorYu, Yen_HK
dc.contributor.authorHuang, GQen_HK
dc.contributor.authorRen, Zen_HK
dc.contributor.authorLiang, L-
dc.date.accessioned2010-09-25T18:57:02Z-
dc.date.available2010-09-25T18:57:02Z-
dc.date.issued2003en_HK
dc.identifier.citationThe 3rd International Conference on Electronic Business (ICEB 2003), Singapore, 9-13 December 2003. In Proceedings of the 3rd ICEB, 2003, p. 565-574en_HK
dc.identifier.issn1683-0040-
dc.identifier.urihttp://hdl.handle.net/10722/100107-
dc.descriptionTheme: E-Business Paradigms: Strategic Transformation and Partnership-
dc.descriptionTrack - SCM & e-logistics: paper ID: 47-
dc.description.abstractIn this paper, we propose a model to study influence of pricing and deteriorating rate on the supply chain level net profit and total inventory where genetic algorithm is used for determine the optimal solution. A one-vendor and multi-retailer supply chain for a single deteriorating finished product and raw materials is analyzed. Under the proposed strategy, the vendor buys a non-deteriorating materials to vendor a deteriorating finished product, delivers the finished product to all retailers by common replenishment periods based on VMI (vendor managed inventory) being implemented. All retailers who buy the finished product sell the finished product on their markets. In all of these markets, the finished product in different markets has substitution each other since consumers may have opportunity to buy the finished product from different retailer and Cobb-Douglas demand function is introduced to describe this market attribute. After developing an integrated product-inventory-marketing model for deteriorating product, genetic algorithm is conducted to calculate the optimal pricing and inventory policies. Finally we present the results of a detailed numerical study that analyses the market and deteriorating rate related parameters influence on the supply chain level net profit and inventory level.-
dc.languageengen_HK
dc.publisherNational University of Singapore.-
dc.relation.ispartofProceedings of the 3rd International Conference on Electronic Business, ICEB 2003en_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.titleAn integrated lot-size model of deteriorating item for one vendor and multiple retailers considering market pricing using genetic algorithmen_HK
dc.typeConference_Paperen_HK
dc.identifier.emailYu, Y: ygyums@ustc.eduen_HK
dc.identifier.emailHuang, GQ: gqhuang@hku.hken_HK
dc.identifier.emailRen, Z: grenfy@sjtu.edu.cn-
dc.description.naturepostprint-
dc.identifier.hkuros104373en_HK
dc.identifier.spage565en_HK
dc.identifier.epage574en_HK
dc.publisher.placeSingapore-
dc.description.otherThe 3rd International Conference on Electronic Business (ICEB 2003), Singapore, 9-13 December 2003. In Proceedings of the 3rd ICEB, 2003, p. 565-574-

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