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Full-Text Articles in Physical Sciences and Mathematics
The Vendor In A Retail Setting: A Survey, Jesse Laporte
The Vendor In A Retail Setting: A Survey, Jesse Laporte
All Graduate Theses, Dissertations, and Other Capstone Projects
We consider the problem of managing nonperishable inventory as a vendor in a grocer setting. To manage inventory effectively, we must meet the demand of our customers as closely as we can. Too much inventory results in holding costs and ties up a large amount of capital and too little inventory results in lost sales or substitution. It is typical in a retail setting for the vendor to have access to past ordering data, but this data is only representative of the demand when we have sufficient inventory. Otherwise, the demand exceeds the inventory on hand and we lose, in …
Operational Research: Multi-Period Stowage Policies Within A Multi-Zone Storage Framework., Joseph Loeffler
Operational Research: Multi-Period Stowage Policies Within A Multi-Zone Storage Framework., Joseph Loeffler
All Graduate Theses, Dissertations, and Other Capstone Projects
This paper will be extending the single period stowage decision model presented by [Yuan, 2017] into a multi-period stowage decision model. The stowage decision determines how incoming items are distributed and stored across multiple storage zones. The amount of items that can be picked in any given storage zone is finite within a single time period. With this constraint, this research attempts to optimize how items are stored across many zones to meet uncertain demand requirements. A simulation study will be performed to compare the stowage policies given by [Yuan, 2017] to see how well they generalize to multi-period model. …