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|Title:||An Approximate Net Profit Model for a Fixed-life Perishable Product in a Two-echelon Inventory System||Authors:||Kanchanasuntorn, Kanchana
|Issue Date:||2007||Publisher:||University of the Thai Chamber of Commerce
University of the Thai Chamber of Commerce
|Source:||Kanchana Kanchanasuntorn, Anulark Techanitisawad (2007) An Approximate Net Profit Model for a Fixed-life Perishable Product in a Two-echelon Inventory System. UTCC Engineering Research Papers.||Abstract:||This paper further extends the existing cost modelfor a fixed-life perishable product in a two-echelon inventoryproblem into the net profit model. The extended model issubsequently evaluated by comparing its results with thoseobtained from OptQuest, a commercial simulationoptimizationpackage. Within a limited but reasonable time,the comparative results do not show a significantimprovement of using OptQuest, but do confirm that theproposed model can already provide quite good quality ofinventory control parameters for this system in a muchshorter computational time. With some simple modificationsto the proposed model, the model for slow-moving Poissondemand distribution for the two-echelon system is alsodeveloped and subsequently evaluated. The comparativeresults show that for the slow-moving demand, the Poissonmodel is more effective than the model with normalityassumption.||URI:||https://scholar.utcc.ac.th/handle/6626976254/407||ISSN:||1906-1625||Rights:||This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.|
|Appears in Collections:||EN: Journal Articles|
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