ResearchBib Share Your Research, Maximize Your Social Impacts
Sign for Notice Everyday Sign up >> Login

Stochastic Model for Magazine Retailer Problem

Journal: International Journal of Science and Research (IJSR) (Vol.5, No. 3)

Publication Date:

Authors : ; ; ;

Page : 744-746

Keywords : Inventory; Magazine Retailer Model; Stochastic Model;

Source : Downloadexternal Find it from : Google Scholarexternal

Abstract

In this paper magazine retailer model extensions are developed. These two extensions allow modelling of the situations where there are certain percentage of customers who are willing to wait for the next regular order. The first model assumes that it is possible to identify customers who are willing to wait for the next regular order at the beginning of planning period, while the second model assumes back order option at time when stock out occurs.

Last modified: 2021-07-01 14:32:41