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Inventory Management with Alternative Delivery Times

Xiaoying Liang; Lijun Ma; Haifeng Wang; Houmin Yan

978-3-319-48635-2

2017
Edition 1
- Provides a framework for the study of inventory models in which customers have heterogeneous price and delivery-time requirements and derive the optimal inventory management policy for firms to respond to incoming customer demand in real- time and determine the inventory replenishment quantities accordingly
- Draws upon real-world practices of automobile dealerships to shed light on how firms should employ delivery-time-based market segmentation strategy to improve their inventory utilization and achieve profit maximization
- Investigates extensions to the basic model such as different fulfilment-priority strategies and applications to problems of similar nature such as the group-buying mechanism
- Includes supplementary material: sn.pub/extras
€100

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