Determination of Optimal Shipping Quantity for Perishable Goods under Probabilistic Supply
- Authors
- Lim, Si-Yeong; Hur, Sun
- Issue Date
- 2015
- Publisher
- HINDAWI LTD
- Keywords
- STRATEGIES; PRODUCTS; SYSTEM; CHAIN
- Citation
- MATHEMATICAL PROBLEMS IN ENGINEERING, v.2015, pp.1 - 8
- Indexed
- SCIE
SCOPUS
- Journal Title
- MATHEMATICAL PROBLEMS IN ENGINEERING
- Volume
- 2015
- Start Page
- 1
- End Page
- 8
- URI
- https://scholarworks.bwise.kr/erica/handle/2021.sw.erica/21027
- DOI
- 10.1155/2015/274713
- ISSN
- 1024-123X
- Abstract
- The problems of shipping and transporting perishable goods are commonly considered in the literature as significant topics, but rarely did researchers adopt a probabilistic point of view in their models. It is common in SCM environments that the participating entities' behaviors are random and unpredictable and so can only be modeled in a probabilistic way. In this paper, we consider the shipping problem of determining the optimal quantity of perishable products with a limited time to be stored in the warehouse. The optimal quantity minimizes the overall operational costs including those of inventory and shipping. We develop a mathematical model, from which the probability distribution function, mean, and variance of the length of the build-up period are derived and we establish a cost function for determining the optimal shipping value.
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Collections - COLLEGE OF ENGINEERING SCIENCES > DEPARTMENT OF INDUSTRIAL & MANAGEMENT ENGINEERING > 1. Journal Articles
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