Group-buying Inventory Policy with Imperfect Items under Inspection Errors

Home Page
About
Submit A Journal
Submit A Conference
Submit Paper/Book
- Submit a Preprint
- Submit a Book
Contact

Gazi University Journal of Science
Volume:30 Issue:4
Group-buying Inventory Policy with Imperfect Items under Inspection Errors

Group-buying Inventory Policy with Imperfect Items under Inspection Errors

Authors : Wuttichai SRISODAPHOL

Pages : 623-632

View : 17 | Download : 13

Publication Date : 2017-12-11

Article Type : Research Paper

Abstract :A recent occurrence in retail selling has been the development of group-buying websites offering products for a limited time and at highly discounted rates. Our objective of this study is to analyze whether the seller should order quantity in the replenishment cycle of how much better to make the maximum profit. This study determines imperfect quality items and while screening the inspectors may mistake errors. We create the group-buying inventory policy for items with imperfect quality under inspection error. This model is under continuous review and lead time is assumed to be negligible. A numerical example and sensitivity analysis for the fraction of defective items are illustrated.
Keywords : EOQ, Group buying, Imperfect quality, Inspection errors, Misclassification

ORIGINAL ARTICLE URL

VIEW PAPER (PDF)

* There may have been changes in the journal, article,conference, book, preprint etc. informations. Therefore, it would be appropriate to follow the information on the official page of the source. The information here is shared for informational purposes. IAD is not responsible for incorrect or missing information.