Call For Paper Volume:4 Issue:8 Aug'2017 |

Retailers modeling approach for determining order quantity and issuing policy of perishable products

Publication Date : 28/02/2015



Author(s) :

Vijay B. Jadhao , Sunil S. Dikey , Sanjay W.Rajurkar .


Volume/Issue :
Volume 2
,
Issue 2
(02 - 2015)



Abstract :

In present scenario, retailers of perishable products are facing the challenges of deciding order quantity and issuing policy in order to fulfill customer demands. This paper proposes an integrated modeling approach that allows easy and quick exploration and selection of the best ordering and issuing policy from among various available alternatives regarding perishable products at the retailer end. Using this approach, on the basis of available inventory retailers can take decisions regarding placing of orders, and allocation of products with respect to shelf life to customers. The modeling algorithm is based on dynamic programming approach, and is developed using the programming platform of MATLAB software.


No. of Downloads :

10


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Retailers modeling approach for determining order quantity and issuing policy of perishable products

February 24, 2015