KMS Of Academy of mathematics and systems sciences, CAS
Single period, single product newsvendor model with random supply shock | |
Liu, K; Li, JA; Lai, KK | |
2004-11-01 | |
发表期刊 | EUROPEAN JOURNAL OF OPERATIONAL RESEARCH |
ISSN | 0377-2217 |
卷号 | 158期号:3页码:609-625 |
摘要 | In order to investigate the efficiency of policies made by the industrial administration office (IAO for short) so as to keep market order, the authors propose a shocked inventory model of one product with both genuine and counterfeit qualities. The checking policies made by the IAO are considered to be a random shock for the inventory model by examination of the qualities of the products, which will expropriate the counterfeit products. The paper makes two contributions. First, while discussing several conditions, the authors provide a basic theory, which is a kind of extension of the newsvendor problem, and prove some properties of the optimal policies for the shocked inventory model with a fixed random checking rate. Second, the authors give some recommendations as to how the IAO can formulate its checking policies. An example demonstrates the relationship between checking policies and optimal inventory policies. (C) 2003 Elsevier B.V. All rights reserved. |
关键词 | inventory counterfeit shock checking rate |
DOI | 10.1016/S0377-2217(03)00382-5 |
语种 | 英语 |
WOS研究方向 | Business & Economics ; Operations Research & Management Science |
WOS类目 | Management ; Operations Research & Management Science |
WOS记录号 | WOS:000222368700007 |
出版者 | ELSEVIER SCIENCE BV |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://ir.amss.ac.cn/handle/2S8OKBNM/19760 |
专题 | 应用数学研究所 |
通讯作者 | Lai, KK |
作者单位 | 1.City Univ Hong Kong, Dept Management Sci, Kowloon, Hong Kong, Peoples R China 2.Chinese Acad Sci, Inst Appl Math, Acad Math & Syst Sci, Beijing 100080, Peoples R China |
推荐引用方式 GB/T 7714 | Liu, K,Li, JA,Lai, KK. Single period, single product newsvendor model with random supply shock[J]. EUROPEAN JOURNAL OF OPERATIONAL RESEARCH,2004,158(3):609-625. |
APA | Liu, K,Li, JA,&Lai, KK.(2004).Single period, single product newsvendor model with random supply shock.EUROPEAN JOURNAL OF OPERATIONAL RESEARCH,158(3),609-625. |
MLA | Liu, K,et al."Single period, single product newsvendor model with random supply shock".EUROPEAN JOURNAL OF OPERATIONAL RESEARCH 158.3(2004):609-625. |
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