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題名 Designing an Optimal Two-Bin Strategy for Selling Perishable Produce to Responsible and Mainstream Buyers
作者 陳立民
Chen, Li-Ming
Yang, Shu-Jung Sunny
貢獻者 企管系
關鍵詞 Contracts; Procurement; Biological system modeling; Safety; Oils; Mathematical models; Business
日期 2022-05
上傳時間 30-Jun-2022 16:14:15 (UTC+8)
摘要 Upstream produce vendors in supply chains are paying attention to the possibility of supplying goods to downstream buyers that strive to source responsibly. We explore a problem—the application of a two-bin strategy by vendors to sell produce to responsible buyers (RBs) and mainstream buyers (MBs). In this strategy, goods in the primary bin are supplied to an RB, which procures stable quantities of goods and provides fair procurement prices; goods in the secondary bin are supplied to MBs, which are price sensitive. We investigate a vendor`s joint decisions regarding the primary bin replenishment quantity and selling price of goods in the secondary bin for short shelf life and long shelf life produce. For short shelf life produce, we formulate stylized newsvendorlike models and identify the vendor`s optimal joint replenishment–price decisions, which are irrelevant to any surplus. For long shelf life produce, we formulate periodic-review dynamic programming models and characterize the solution structure of joint decisions, which depend on the surplus quantity in the secondary bin; the joint decisions are reduced by an increase in the surplus, and when surpluses become sufficiently large, the primary bin replenishment quantity is fixed. We numerically discover that the optimized primary bin replenishment quantity leads to an average profit improvement of 1.5% and that the optimized selling price in the secondary bin results in another 0.25% gain. Furthermore, relative to the sales of produce to only MBs, the supply of goods to an RB can at least double a vendor`s profits.
關聯 IEEE Transactions on Engineering Management, pp.1-14
資料類型 article
DOI https://doi.org/10.1109/TEM.2022.3148405
dc.contributor 企管系
dc.creator (作者) 陳立民
dc.creator (作者) Chen, Li-Ming
dc.creator (作者) Yang, Shu-Jung Sunny
dc.date (日期) 2022-05
dc.date.accessioned 30-Jun-2022 16:14:15 (UTC+8)-
dc.date.available 30-Jun-2022 16:14:15 (UTC+8)-
dc.date.issued (上傳時間) 30-Jun-2022 16:14:15 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/140534-
dc.description.abstract (摘要) Upstream produce vendors in supply chains are paying attention to the possibility of supplying goods to downstream buyers that strive to source responsibly. We explore a problem—the application of a two-bin strategy by vendors to sell produce to responsible buyers (RBs) and mainstream buyers (MBs). In this strategy, goods in the primary bin are supplied to an RB, which procures stable quantities of goods and provides fair procurement prices; goods in the secondary bin are supplied to MBs, which are price sensitive. We investigate a vendor`s joint decisions regarding the primary bin replenishment quantity and selling price of goods in the secondary bin for short shelf life and long shelf life produce. For short shelf life produce, we formulate stylized newsvendorlike models and identify the vendor`s optimal joint replenishment–price decisions, which are irrelevant to any surplus. For long shelf life produce, we formulate periodic-review dynamic programming models and characterize the solution structure of joint decisions, which depend on the surplus quantity in the secondary bin; the joint decisions are reduced by an increase in the surplus, and when surpluses become sufficiently large, the primary bin replenishment quantity is fixed. We numerically discover that the optimized primary bin replenishment quantity leads to an average profit improvement of 1.5% and that the optimized selling price in the secondary bin results in another 0.25% gain. Furthermore, relative to the sales of produce to only MBs, the supply of goods to an RB can at least double a vendor`s profits.
dc.format.extent 104 bytes-
dc.format.mimetype text/html-
dc.relation (關聯) IEEE Transactions on Engineering Management, pp.1-14
dc.subject (關鍵詞) Contracts; Procurement; Biological system modeling; Safety; Oils; Mathematical models; Business
dc.title (題名) Designing an Optimal Two-Bin Strategy for Selling Perishable Produce to Responsible and Mainstream Buyers
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1109/TEM.2022.3148405
dc.doi.uri (DOI) https://doi.org/10.1109/TEM.2022.3148405