Modeling returns of merchandise in an inventory system

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	Modeling returns of merchandise in an inventory system
	Yuan, XM ; Cheung, KL
	1998-08-01
发表期刊	OR SPEKTRUM
ISSN	0171-6468
卷号	20 期号:3 页码:147-154
摘要	Returns of merchandise occur commonly in the retail and rental businesses. This payer presents a new continuous review (s,S) inventory system with returns. The system is fairly complicated as its performance is a function of important factors such as demand rate, return time, return rate and replenishment frequency, Based on a Markovian approach, we derive essential operating characteristics of the system, and propose an algorithm to search for the optimal replenishment parameters. The results enable us to obtain valuable insights into the rental system, such as the impact of partial returns.
关键词	inventory returns stochastics
语种	英语
WOS研究方向	Operations Research & Management Science
WOS类目	Operations Research & Management Science
WOS记录号	WOS:000075597900002
出版者	SPRINGER VERLAG
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/13452
专题	中国科学院数学与系统科学研究院
作者单位	1.Chinese Acad Sci, Inst Appl Math, Beijing 100080, Peoples R China 2.Hong Kong Univ Sci & Technol, Dept Informat & Syst Management, Kowloon, Hong Kong
推荐引用方式 GB/T 7714	Yuan, XM,Cheung, KL. Modeling returns of merchandise in an inventory system[J]. OR SPEKTRUM,1998,20(3):147-154.
APA	Yuan, XM,&Cheung, KL.(1998).Modeling returns of merchandise in an inventory system.OR SPEKTRUM,20(3),147-154.
MLA	Yuan, XM,et al."Modeling returns of merchandise in an inventory system".OR SPEKTRUM 20.3(1998):147-154.