Optimal Order Strategy in Uncertain Demands with Free Shipping Option
نویسندگان
چکیده
منابع مشابه
Managing stochastic inventory systems with free shipping option
In many industries, customers are offered free shipping whenever an order placed exceeds a minimum quantity specified by suppliers. This allows the suppliers to achieve economies of scale in terms of production and distribution by encouraging customers to place large orders. In this paper, we consider the optimal policy of a retailer who operates a single-product inventory system under periodic...
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Free shipping with conditions has become one of the most effective marketing tools available. An increasing number of companies, especially e-businesses, prefer to offer free shipping with some predetermined condition, such as a minimum purchase amount by the customer. However, in practice, the demands of buyers are uncertain; they are often affected by many factors, such as the weather and sea...
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To attract and keep customers, companies, especially those in e-business, are increasingly offering free shipping to buyers whose order sizes exceed the free shipping quantity. In this paper, given the supplier offers free shipping and the retailer faces stochastic demand, we determine the retailer’s (i.e., the newsvendor’s) optimal order quantity and the optimal selling price simultaneously. W...
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ژورنال
عنوان ژورنال: Discrete Dynamics in Nature and Society
سال: 2014
ISSN: 1026-0226,1607-887X
DOI: 10.1155/2014/578280