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Inventory control policy of preventive lateral transshipment between retailers in multi periods
dc.contributor.author | He, Qing Ren |
dc.contributor.author | Dan, Bin |
dc.contributor.author | Liu, Ru |
dc.date.accessioned | 2014-07-30T10:34:53Z |
dc.date.available | 2014-07-30T10:34:53Z |
dc.date.issued | 2014-07 |
dc.identifier.citation | He, Qing Ren; Dan, Bin; Liu, Ru. Inventory control policy of preventive lateral transshipment between retailers in multi periods. "Journal of Industrial Engineering and Management", Juliol 2014, vol. 7, núm. 3, p. 681-697. |
dc.identifier.issn | 2013-0953 |
dc.identifier.uri | http://hdl.handle.net/2099/15017 |
dc.description.abstract | Purpose: Preventivelateral transshipment can respond to customers who will choose a substitute or to give up when the product is out of stock. Motivatedby the common practice, adecision-making model of preventive lateral transshipment with multi sellingperiods is developed. The purpose of the paper is to explore the optimal preventive lateral transshipment policy with multi selling periods. Design/methodology/approach: With adiscrete-time dynamic programming model, we take a dynamic programming approach and adopt backward induction to analyze two retailers’ preventive lateral transshipment policy. Findings: The optimal preventivelateral transshipment policy is a threshold policy which depends on both theremaining selling periods and inventory level. The above properties ensure thattwo retailers can control inventory with preventive lateral transshipment. Practical implications: The retailer can adjust inventory via the thresholdtype policy. The simple decisionrule which compares on-hand inventory level with the critical inventory level can be used to control inventory by preventive lateral transshipment. Originality/value: A discrete-timedecision-making model of preventive lateral transshipment policy isformulated. This model takes consideration of multi selling periods, whichis different from most existing researches on preventive lateraltransshipment. |
dc.format.extent | 17 p. |
dc.language.iso | eng |
dc.publisher | OmniaScience |
dc.rights | Attribution-NonCommercial 3.0 Spain |
dc.rights.uri | http://creativecommons.org/licenses/by-nc/3.0/es/ |
dc.subject | Àrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacions::Modelització de transports i logística |
dc.subject.lcsh | Business logistics -- Mathematical models |
dc.subject.other | Preventive lateral transshipment |
dc.subject.other | The transship-up-to level |
dc.subject.other | The transship-down-to level |
dc.subject.other | Inventory control policy |
dc.subject.other | Multi selling periods |
dc.title | Inventory control policy of preventive lateral transshipment between retailers in multi periods |
dc.type | Article |
dc.subject.lemac | Logística (Indústria) -- Models matemàtics |
dc.identifier.dl | B-28744-2008 |
dc.description.peerreviewed | Peer Reviewed |
dc.rights.access | Open Access |
local.citation.author | He, Qing Ren; Dan, Bin; Liu, Ru |
local.citation.publicationName | Journal of Industrial Engineering and Management |
local.citation.volume | 7 |
local.citation.number | 3 |
local.citation.startingPage | 681 |
local.citation.endingPage | 697 |