An Integrated Approach for the Operations of Distribution and Lateral Transshipment for Seasonal Products-A Case Study in Household roduct Industry
This study is motivated to propose an approach that integrated the operations in the three stages of supply chain for the management of seasonal products so as to minimize the total costs incurred for the seasonal product in the whole selling period. In the first stage, we employ a newsvendor model to determine tlie optimal one-time-only order quantities of the seasonal products. Then, we utilize a clustering analysis in the second stage to categorize seasonal products into groups, and established an optimal replenishment policy for the products in the same group. Finally, the third stage starts when the warehouse runs out of its inventory. We formulate a mathematical model to determine tlie optimal transshipment quantities among all of the retailers to minimize the expected total costs incurred for the rest of the selling period. We demonstrate that our integrated approach significantly outperforms tlie companys current approaches based on the real-world data of 17 seasonal products from a household product company in Taiwan.
distribution supply chain lateral transshipment seasonal products mathematical model
Mingjong Yao James T. Lin Chenhao Yang
Department of Transportation Technology and Management, National Chiao Tung University,Hsinchu 30010 Department of Industrial and Engineering Management, National Tsing Hua University,Hsinchu, Taiwan
国际会议
The First World Congress on Global Optimization in Engineering & Science(第一届工程与科学全局优化国际会议 WCGO2009)
长沙
英文
716-721
2009-06-01(万方平台首次上网日期,不代表论文的发表时间)