Group-buying inventory policy with demand under Poisson process
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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.
Songklanakarin Journal of Science and Technology (SJST)

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