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Group-buying inventory policy with demand under Poisson process |
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รหัสดีโอไอ | |
Creator | 1. Tammarat Kleebmek 2. Angkana Boonyued 3. Wuttichai Srisodaphol |
Title | Group-buying inventory policy with demand under Poisson process |
Publisher | Research and Development Office, Prince of Songkla University |
Publication Year | 2559 |
Journal Title | Songklanakarin Journal of Science and Technology (SJST) |
Journal Vol. | 38 |
Journal No. | 1 |
Page no. | 113-117 |
Keyword | demand,group-buying,inventory model,lead time,Poisson process |
ISSN | 0125-3395 |
Abstract | The group-buying is the modern business of selling in the uncertain market. With an objective to minimize costs forsellers arising from ordering and reordering, we present in this paper the group buying inventory model, with the demandgoverned by a Poisson process and the product sale distributed as Binomial distribution. The inventory level is undercontinuous review, while the lead time is fixed. A numerical example is illustrated. |