Two-stage replenishment policies for deteriorating items at Taiwanese convenience stores

Tsai, Po-Chien; Huang, Jia-Yen

doi:10.1016/j.cor.2011.04.007

Cited by 16 publications

(5 citation statements)

References 17 publications

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“…(11) The total holding cost (HC) can be obtained based on the inventory level at time t of the ith production stage from Equation (10). That is,…”

Section: Propositionmentioning

confidence: 99%

“…Omar and Yeo (2009) [9] considered a production-repair model for finished goods with the policy to supply new or repaired goods, and the nonlinear mathematical programming was used to decide the procurement policy of raw materials. Tsai and Huang (2012) [10] proposed a two-stage replenishment policy for perishable items of convenience stores and the demand rate is set as a probabilistic function. Chow et al (2012) [11] proposed a dynamic minimum order quantity system that explored the impacts of demand uncertainty in a two-echelon supply chain.…”

Section: Introductionmentioning

confidence: 99%

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A Dynamic EPQ Model for Time-Varying Demand Problem With Product Life Cycle

Fang

Yeh

2020

IEEE Access

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The study explores a dynamic economic production quantity model whose demand function in consideration of market-trend issue to decide the optimal number of production cycles, the corresponding optimal production time points, and the best time to withdraw from the production line. The objective function of the total relevant costs considered in the model is formulated as a nonlinear programming problem, and a complete search procedure is developed to find the optimal solution of inventory cost. The characteristics of daily necessaries, technology products and fashion products are also analyzed to develop different strategies for the decision makers. The proposed model and algorithm not only provided the optimal solution of the production period and cycle time but also gave the suggestion of the best time to withdraw from the market. Moreover, in order to provide the managers with useful information of the impacts of inventory cost, Monte Carlo technique is used to simulate the stochastic demand. In considering of the stochastic demand, the situation of shortage will definitely happen without or insufficient safe stock. Finally, a numerical example and the corresponding sensitivity analyses are carried out to illustrate the features of our model by utilizing the search procedure developed in this study. INDEX TERMS inventory; economic production quantity; product life cycle; time-varying demand.

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“…(11) The total holding cost (HC) can be obtained based on the inventory level at time t of the ith production stage from Equation (10). That is,…”

Section: Propositionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

A Dynamic EPQ Model for Time-Varying Demand Problem With Product Life Cycle

Fang

Yeh

2020

IEEE Access

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“…There were over 9,000 convenience stores and one in every 2,600 people owned a shop. They are considered as the main channels for providing consumers with a variety of quality and stable services (Tsai and Huang, 2012). Recently, an alternative convenience store format has made its appearance in Taiwan, combining both shopping and dining.…”

Section: Emjb 92mentioning

confidence: 99%

Consumer behaviour toward convenience store chains in Greece

Zairis

Evangelos

2014

EuroMed Journal of Business

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If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -The purpose of this paper is to examine consumer behavior towards Greek convenience stores chains and to determine the criteria on which store selection is based. The paper also analyses the stores' position in the retail sector. Design/methodology/approach -A random sample of 360 convenience store consumers was surveyed across four major cities. Data were collected through personal interviews, using a structured questionnaire. Statistical analysis was applied to further evaluate the information. Findings -Consumers choose convenience stores mainly to cover their daily needs and save time on shopping, despite their dissatisfaction with the provided services. The survey also identified the characteristics of convenience store customers and their preferences. Originality/value -The principal contribution of the present research is its focus on consumer behavior towards convenience stores in Greece.

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“…Bakker et al [4] reviewed the inventory systems with deterioration since 2001. Through investigating these reviews and some other papers [5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20] we found out that deterioration rate is considered constant in most of previous researches. But, in the real world, deterioration rate is not actually constant and slightly disturbed from its original crisp value.…”

Section: Introductionmentioning

confidence: 99%

An inventory model with fuzzy deterioration and fully backlogged shortage under inflation

Shabani

Mirzazadeh

Sharifi

2014

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Looking through the inventory models with deteriorating items shows that the deterioration rate is considered constant in most of the previous researches. But,in the real world, deterioration rate is not actually constant and slightly disturbed from its original crisp value. In this paper a more realistic inventory model with fuzzy deterioration and fully backlogged shortage under inflation is considered. The mathematical model is formulated to obtain the optimal value of the fuzzy total cost. The numerical example is used to illustrate the computation procedure. A sensitivity analysis is also carried out to get the sensitiveness of the tolerance of different input parameters.

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Two-stage replenishment policies for deteriorating items at Taiwanese convenience stores

Cited by 16 publications

References 17 publications

A Dynamic EPQ Model for Time-Varying Demand Problem With Product Life Cycle

A Dynamic EPQ Model for Time-Varying Demand Problem With Product Life Cycle

Consumer behaviour toward convenience store chains in Greece

An inventory model with fuzzy deterioration and fully backlogged shortage under inflation

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