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Economic order quantity model for off-price merchandise with demand depends on selling price and stock under cross-selling

TL;DR: In this paper, the effect of key parameters on ordering policy and average profit of distributors is analyzed by simulation, such as price sensitivity factor, time sensitivity factor and demand related factor, and the existent condition of unique optimal solution and correlative management inspirations are analyzed.
About: This article is published in Systems Engineering - Theory & Practice.The article was published on 2014-01-01 and is currently open access. It has received 1 citations till now. The article focuses on the topics: Mid price & Stockout.
Citations
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Proceedings ArticleDOI
09 Apr 2016
TL;DR: In this article, the authors designed system functions to provide technical support for system development, based on optimal purchase quantity model and functional requirement analysis, system design constructs functional structure model, including "Purchase model maintenance, Element category maintenance, element information management, purchase plan management, Supplier quotation management, SUPPLY Information Management, Data comprehensive report, Software configuration management" modules.
Abstract: There are many different kinds of machine element, with professional development of industrial production, only a few machine elements needed by factories are for their own production, most are needed to be purchased. Using purchase quotation system for machine element is an effective mean to ensure the supply of elements and cost savings. This paper designs system functions to provide technical support for system development. Based on optimal purchase quantity model and functional requirement analysis, system design constructs functional structure model, including "Purchase model maintenance, Element category maintenance, Element information management, Purchase plan management, Supplier quotation management, Supplier information management, Data comprehensive report, Software configuration management" modules. Based on the results of this paper, we can develop a full-featured, affordable information system.

2 citations


Cites background from "Economic order quantity model for o..."

  • ...Making [1-3]: D: demand rate, the demand for some kind of machine elements per unit time; Q: purchase quantity, the number of some kind of machine elements in a purchase; t: purchase interval, representing the time interval between two purchases....

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References
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Proceedings ArticleDOI
09 Apr 2016
TL;DR: In this article, the authors designed system functions to provide technical support for system development, based on optimal purchase quantity model and functional requirement analysis, system design constructs functional structure model, including "Purchase model maintenance, Element category maintenance, element information management, purchase plan management, Supplier quotation management, SUPPLY Information Management, Data comprehensive report, Software configuration management" modules.
Abstract: There are many different kinds of machine element, with professional development of industrial production, only a few machine elements needed by factories are for their own production, most are needed to be purchased. Using purchase quotation system for machine element is an effective mean to ensure the supply of elements and cost savings. This paper designs system functions to provide technical support for system development. Based on optimal purchase quantity model and functional requirement analysis, system design constructs functional structure model, including "Purchase model maintenance, Element category maintenance, Element information management, Purchase plan management, Supplier quotation management, Supplier information management, Data comprehensive report, Software configuration management" modules. Based on the results of this paper, we can develop a full-featured, affordable information system.

2 citations