Analytic Publishing Co New Delhi: Taru Publications
Abstract:
When a customer comes to a complete pre-ordered merchandise store and expresses his demand of a certain product, a supplier will inform him that he cannot obtain that product until a later time. At this moment, the customer will decide whether to buy that product or not while considering how long it will take him to wait.
The product that suppliers of complete pre-ordered merchandise will face is: how to find out the best opportunity and quantity of supply after considering the connection between the time that takes customers to wait and their demand toward a pre-orderd merchandise. In this paper we intend to formulate a mathematical model to discuss the nature of the optimal solution.
Relation:
Journal of information & optimization sciences 16(2), pp.287-293
