Inventory Management with Alternative Delivery Times

Business & Finance, Management & Leadership, Production & Operations Management, Nonfiction, Science & Nature, Technology
Cover of the book Inventory Management with Alternative Delivery Times by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan ISBN: 9783319486352
Publisher: Springer International Publishing Publication: November 24, 2016
Imprint: Springer Language: English
Author: Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
ISBN: 9783319486352
Publisher: Springer International Publishing
Publication: November 24, 2016
Imprint: Springer
Language: English

This book develops a modeling framework to analyze the problem of inventory management with alternative delivery times. The general context considered here is that a seller replenishes its inventory in fixed intervals and, between replenishments, allocates the limited inventory to satisfy customers who are both price and delivery-time sensitive. On the demand side, customers have heterogeneous delivery-time requirements and choose either spot or late delivery. This theoretical modeling captures the essence of real-world business practices such as the delivery time market segmentation strategy adopted by automobile dealerships in China and many other similar examples. The book focuses on the seller’s optimal inventory replenishment and demand fulfillment policies, and our results provide managerial insights into the merits of flexible delivery-time options. Similar applications such as the group-buying mechanism are also examined. The main mathematical tool used in theoretical analysis is dynamic programming. This book is written for students, researchers, and practitioners in the areas of operations management and industrial engineering who are interested in understanding the rationale of flexible delivery times and designing successful applications.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book develops a modeling framework to analyze the problem of inventory management with alternative delivery times. The general context considered here is that a seller replenishes its inventory in fixed intervals and, between replenishments, allocates the limited inventory to satisfy customers who are both price and delivery-time sensitive. On the demand side, customers have heterogeneous delivery-time requirements and choose either spot or late delivery. This theoretical modeling captures the essence of real-world business practices such as the delivery time market segmentation strategy adopted by automobile dealerships in China and many other similar examples. The book focuses on the seller’s optimal inventory replenishment and demand fulfillment policies, and our results provide managerial insights into the merits of flexible delivery-time options. Similar applications such as the group-buying mechanism are also examined. The main mathematical tool used in theoretical analysis is dynamic programming. This book is written for students, researchers, and practitioners in the areas of operations management and industrial engineering who are interested in understanding the rationale of flexible delivery times and designing successful applications.

More books from Springer International Publishing

Cover of the book Surgical Treatment of Colorectal Problems in Children by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Design and Implementation of Practical Schedulers for M2M Uplink Networks by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Power-Efficient High-Speed Parallel-Sampling ADCs for Broadband Multi-carrier Systems by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Finding Solutions for Protecting and Sharing Archaeological Heritage Resources by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Adaptive Multimedia Retrieval: Semantics, Context, and Adaptation by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Marxism and Left-Wing Politics in Europe and Iran by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book In Defense of Processed Food by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Quasispecies: From Theory to Experimental Systems by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Leadership without Ego by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Rhodium Catalysis by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Small Modular Reactors for Electricity Generation by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Cognitive Communication and Cooperative HetNet Coexistence by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Dynamic Secularization by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Enterprise Systems. Strategic, Organizational, and Technological Dimensions by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
Cover of the book Characteristics of Temporary Migration in European-Asian Transnational Social Spaces by Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy