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Record W4296502630 · doi:10.3934/jimo.2022176

Optimal ordering policy and preservation technology for deteriorating items with maximum lifetime under a resilient hybrid payment decision

2022· article· en· W4296502630 on OpenAlexaff
Kun‐Jen Chung, Shih‐Fang Lee, H. M. Srivastava, Shy‐Der Lin, Sung-Lien Kang, Jui‐Jung Liao

Bibliographic record

VenueJournal of Industrial and Management Optimization · 2022
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicSupply Chain and Inventory Management
Canadian institutionsUniversity of Victoria
Fundersnot available
KeywordsPaymentEconomic order quantityProfit (economics)CashPresent valueTrade creditCash flowComputer scienceOperations researchNet present valueUpstream (networking)Plan (archaeology)Time value of moneyBusinessSensitivity (control systems)EconomicsOperations managementMicroeconomicsFinanceMarketingSupply chainMathematics

Abstract

fetched live from OpenAlex

This study demonstrates an inventory system with items changing value over time under various realistic environments. It is assumed that the time-varying deterioration rate depending on the maximum lifetime of items and the items exceeding the maximum lifetime are regarded as scarp and no longer serviceable. As a result, the retailer will invest in preservation technology to reduce the reckless deterioration. On the other hand, the retailer receives an upstream advance-cash-credit payment plan from the supplier while offering a downstream cash-credit payment plan to customers to stimulate sales. As above description, we incorporate the relevant phenomena into the proposed inventory model, then the primary objective is to determine the replenishment cycle time and the preservation technology which maximizes the retailer's total profit. Consequently, the contributions of this study have three parts as follows: (1) Addressing the economic (total profit) and technology (preservation technology) impacts simultaneously; (2) The propositions and theorems are derived along with a solution procedure; (3) It is proved that the optimal solution not only exists but also is unique under some conditions. Next, an algorithm is developed which simplifies the search for the sustainable optimal ordering strategies. Numerical examples and a sensitivity analysis are elaborated to validate the mathematical formulation. Findings are summarized and managerial implications are also discussed.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.002
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: Simulation or modeling
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.004
Threshold uncertainty score0.009

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.002
Meta-epidemiology (narrow)0.0010.000
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0010.001
Science and technology studies0.0010.001
Scholarly communication0.0010.002
Open science0.0010.001
Research integrity0.0010.001
Insufficient payload (model declined to judge)0.0010.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.025
GPT teacher head0.234
Teacher spread0.210 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations8
Published2022
Admission routes1
Has abstractyes

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