Retailer’s replenishment policy for deteriorating item in response to future cost increase and incentive-dependent sale

Chung, Chun-Jen; Wee, Hui–Ming; Chen, Yili

doi:10.1016/j.mcm.2012.07.006

Cited by 18 publications

(7 citation statements)

References 38 publications

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“…There is intensive research on deteriorating items such as a deteriorating inventory model with a permissible delay of payment [14], deteriorating inventory items by considering quality, inspection and maintenance, varying demand and production rates [15] and deteriorating items with preventive maintenance and rework [16]. Some researchers developed EOQ models for deteriorating items by considering two important variables which are pricing and replenishment policy simultaneously such as Sarkar et al [17], Chung et al [18], Yang et al [19]. They concluded that solve pricing and replenishment policy simultaneously result in higher total profit than only considering one of them, especially for price dependent items.…”

Section: This Issue Is Called As An Inventory Routing Problem (Irp)mentioning

confidence: 99%

“…≤ ( ) ∈ , ∈ Equation (18) state that the total transportation time of one vehicle cannot be higher than the cycle time. Equation (19) guarantees that volume of the items load in one vehicle is equal to total demand during one cycle, deteriorated items in a retailer's warehouse during one period and deteriorated items during transportation time.…”

Section: Mathematical Modelmentioning

confidence: 99%

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Modelling Multi Tour Inventory Routing Problem for Deteriorating Items with Time Windows

Widyadana

Irohara

2018

Scientia Iranica

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In recent decades, there are intensive researches on deteriorating inventory. However, only a few researchers focus on the inventory routing problem for deteriorating item. There are many items such as foods, electronic products that deteriorate with time, and many other products in the market also have perishable characteristic. The items not only decay during the stockpiling period but they also deteriorate throughout transportation time. Since deteriorated rate and time is necessary, in this paper, an inventory routing problem with time windows for deteriorating items is developed. Particle Swarm Optimization (PSO) is used to solve the problem since PSO can solve problems in a reasonable period with near optimal solutions. We use two examples to illustrate the model. In a sensitivity analysis, way parameters that impact costs are demonstrated. Our results show that the deteriorating rate in inventory has bigger effects than deteriorating rate in the vehicle, so this research has a significant contribution and managers can give more effort to reduce deteriorating in inventory than the deteriorating rate in vehicles.

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Section: This Issue Is Called As An Inventory Routing Problem (Irp)mentioning

confidence: 99%

Section: Mathematical Modelmentioning

confidence: 99%

Modelling Multi Tour Inventory Routing Problem for Deteriorating Items with Time Windows

Widyadana

Irohara

2018

Scientia Iranica

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“…The sales effect measures the increase or decrease of sales, but it is an inefficient standard by which to reflect the advertising effect, for two reasons. First, the expected sales effect of advertising may not occur in the short term (Lavidge and Steiner, 1961); second, other factors, such as market promotion, incentives and pricing, are involved in the increase or decrease of sales (Chung et al , 2013). CE assesses how advertising affects the attitude and behavior of message receivers.…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

The best match-up of airline advertising endorsement and flight safety message

Kim

Wang²,

Jhu³

et al. 2016

IJCHM

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Purpose This paper aims to explore the effectiveness of children as advertisement endorsers in the airline context, including images of safety and reliability. Design/methodology/approach This paper is intended to examine the advertising effect of endorsers (celebrities, CEOs, experts, consumers and children) in the context of the airline industry. A factorial experiment was conducted to test the communication effect (CE) of ten groups of advertisement combinations (five endorser types – with/without safety attribute). Findings The results indicate that a child endorser yielded a better CE than celebrity, CEO or typical consumer endorsers. Second, advertisements that emphasized safety had better CE than those without this emphasis. The group combining children and safety generated a better CE than most of the other groups comprising different combinations. Practical implications A child endorser and a safety message are recommended to be used in advertisements for airlines because flight passengers place importance on safety. Fragile image of child reinforces safety of an airline. Originality/value The integration of advertising endorsement and message into a conceptual model allows the current results to provide meaningful theoretical and practical implications.

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“…Gopinath and Freiheit (2012) proposed a waste relationship model that can be used to derive the relationship between different wastes in a Pareto-optimal waste-dependent Lean system. Chung et al (2013) developed a replenishment policy for a deteriorating inventory model with price-dependent and incentive-dependent sale. The total revenue for the deteriorating inventory model considers pricing, rebate and JIT delivery policy and future price increase from the supplier.…”

Section: Existing Jit/lean Modelsmentioning

confidence: 99%

Development of framework for sustainable Lean implementation: an ISM approach

2014

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The survival of any organization depends upon its competitive edge. Even though Lean is one of the most powerful quality improvement methodologies, nearly twothirds of the Lean implementations results in failures and less than one-fifth of those implemented have sustained results. One of the most significant tasks of top management is to identify, understand and deploy the significant Lean practices like quality circle, Kanban, Just-in-time purchasing, etc. The term 'bundle' is used to make groups of interrelated and internally consistent Lean practices. Eight significant Lean practice bundles have been identified based on literature reviewed and opinion of the experts. The order of execution of Lean practice bundles is very important. Lean practitioners must be able to understand the interrelationship between these practice bundles. The objective of this paper is to develop framework for sustainable Lean implementation using interpretive structural modelling approach.

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Retailer’s replenishment policy for deteriorating item in response to future cost increase and incentive-dependent sale

Cited by 18 publications

References 38 publications

Modelling Multi Tour Inventory Routing Problem for Deteriorating Items with Time Windows

Modelling Multi Tour Inventory Routing Problem for Deteriorating Items with Time Windows

The best match-up of airline advertising endorsement and flight safety message

Development of framework for sustainable Lean implementation: an ISM approach

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