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This paper examines the subject of cost allocation in a multiple product inventory system, allowing for consolidation of shipments. If we order multiple items using an economic order quantity (EOQ) policy, and consolidate shipments, part of the ordering cost is shared, and part is specific to...
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Joint replenishment for several products to achieve a lower inventory logistics cost has been a topic of extensive studies. Less attention has been paid to the issue of deciding how the joint replenishment costs should be allocated across the individual products. Ideally, when items are ordered...
Persistent link: https://www.econbiz.de/10010597268
We view an administrative activity of issuing parking tickets in a dense city street setting, like downtown Philadelphia or NYC, as a revenue collection activity. The task of designing parking permit inspection routes is modeled as a revenue collecting Chinese Postman Problem. After...
Persistent link: https://www.econbiz.de/10011117491
A finite set of outlets with randomly fluctuating demands bands together to reduce costs by buying, storing and distributing their inventory jointly. This is termed inventory centralization and is a type of risk pooling. The expected centralization cost can be lowered even further, without...
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In both consumer purchasing and industrial procurement, combinatorial interdependencies among the items to be purchased are commonplace. E-commerce compounds the problem by providing more opportunities for switching suppliers at low costs, but also potentially eases the problem by enabling...
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