Study on The Optimal Order Quantity of single-period products Returned for Continuous Demand
Fengju Cheng, Jingzhao Zhang, Lili Xue
Available Online July 2017.
- https://doi.org/10.2991/iccse-17.2017.41How to use a DOI?
- Inventory control problem, Classical newsboy problem, The Optimal Order Quantity of single-period products
- In this paper, we consider the inventory control problem of single-period product items with a fixed life cycle and short marketing period. Our study expands the classical newsboy problem to consider defective items and returning policy. The single-period model is established, and the optimal order quantity is derived for cases when the expect profit model in the supplier and the retailer operate independently as well as collaboratively. Then numerical examples and sensitivity analysis are carried out to illustrate the application of the model. Research results show that the profit of them under collaboration is bigger than independence respectively.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Fengju Cheng AU - Jingzhao Zhang AU - Lili Xue PY - 2017/07 DA - 2017/07 TI - Study on The Optimal Order Quantity of single-period products Returned for Continuous Demand PB - Atlantis Press SP - 227 EP - 236 SN - 2352-538X UR - https://doi.org/10.2991/iccse-17.2017.41 DO - https://doi.org/10.2991/iccse-17.2017.41 ID - Cheng2017/07 ER -