DEVELOPING A NEW STOCHASTIC COMPETITIVE MODEL REGARDING INVENTORY AND PRICE

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RASHID REZA; BOZORGI AMIRI ALI; SEYEDHOSEINI S.M.

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Journal Paper

Paper Information

Journal: JOURNAL OF INDUSTRIAL ENGINEERING INTERNATIONAL Year:2015 | Volume:11 | Issue:3 Page(s): 309-318

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Information Journal Paper

Title

DEVELOPING A NEW STOCHASTIC COMPETITIVE MODEL REGARDING INVENTORY AND PRICE

Author(s)

RASHID REZA | BOZORGI AMIRI ALI | SEYEDHOSEINI S.M. | Issue Writer Certificate

Keywords

COMPETITIVE LOCATION PROBLEM

MULTI-PRODUCT INVENTORY

LOCATION INVENTORY

QUEUING THEORY

Abstract

Within the competition in today’s business environment, the design of supply chains becomes more complex than before. This paper deals with the retailer’s location problem when customers choose their vendors, and inventory costs have been considered for retailers. In a COMPETITIVE LOCATION PROBLEM, price and location of facilities affect demands of customers; consequently, simultaneous optimization of the location and inventory system is needed. To prepare a realistic model, demand and lead time have been assumed as stochastic parameters, and QUEUING THEORY has been used to develop a comprehensive mathematical model. Due to complexity of the problem, a branch and bound algorithm has been developed, and its performance has been validated in several numerical examples, which indicated effectiveness of the algorithm. Also, a real case has been prepared to demonstrate performance of the model for real world.

Cites

APPLICATION OF QUEUING THEORY IN PRODUCTION-INVENTORY OPTIMIZATION

References

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APA: Copy

RASHID, REZA, BOZORGI AMIRI, ALI, & SEYEDHOSEINI, S.M.. (2015). DEVELOPING A NEW STOCHASTIC COMPETITIVE MODEL REGARDING INVENTORY AND PRICE. JOURNAL OF INDUSTRIAL ENGINEERING INTERNATIONAL, 11(3), 309-318. SID. https://sid.ir/paper/310010/en

Vancouver: Copy

RASHID REZA, BOZORGI AMIRI ALI, SEYEDHOSEINI S.M.. DEVELOPING A NEW STOCHASTIC COMPETITIVE MODEL REGARDING INVENTORY AND PRICE. JOURNAL OF INDUSTRIAL ENGINEERING INTERNATIONAL[Internet]. 2015;11(3):309-318. Available from: https://sid.ir/paper/310010/en

IEEE: Copy

REZA RASHID, ALI BOZORGI AMIRI, and S.M. SEYEDHOSEINI, “DEVELOPING A NEW STOCHASTIC COMPETITIVE MODEL REGARDING INVENTORY AND PRICE,” JOURNAL OF INDUSTRIAL ENGINEERING INTERNATIONAL, vol. 11, no. 3, pp. 309–318, 2015, [Online]. Available: https://sid.ir/paper/310010/en

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