Optimal Ordering Policy for Perishable High-tech Products Based on Substitutable Demand

摘要：

For the maximize profits, the decision of how to obtain optimal quantity for the perishable high-tech products of two generations is discussed, with downwards substitutable demand and considering the cost of out-of-stock products. By establishing stochastic demand model, the optimal ordering quantity policy is derived, with downwards substitutable demand. A numerical example is used to demonstrate that vendors would gain more profits due to taking into account the downward substitution between the perishable high-tech products. In addition, when vendors carry out substitutable strategy, they should order more products of new generation and fewer products of old generation.

关键词： Perishable Products Downward Substitution Ordering Policy

作者: LIU Bei-lin WANG Yu-hui

作者单位: School of Management, Harbin University of Commerce, Harbin 150076, China

会议类型: 国际会议

会议名称: 2009年中国控制与决策会议(2009 Chinese Control and Decision Conference)

会议地点: 广西桂林

会议语种:英文

页码: 2151-2155

在线出版日期: 2009-06-17（万方平台首次上网日期，不代表论文的发表时间）