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Inventory Management with Alternative Delivery Times

  • Xiaoying Liang
  • Lijun Ma
  • Haifeng Wang
  • Houmin Yan

Part of the SpringerBriefs in Operations Management book series (BRIEFSOPERMAN)

Table of contents

  1. Front Matter
    Pages i-xi
  2. Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
    Pages 1-7
  3. Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
    Pages 9-15
  4. Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
    Pages 17-39
  5. Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
    Pages 41-61
  6. Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
    Pages 63-72
  7. Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
    Pages 73-93
  8. Xiaoying Liang, Lijun Ma, Haifeng Wang, Houmin Yan
    Pages 95-103
  9. Back Matter
    Pages 105-106

About this book

Introduction

This book develops a modeling framework to analyze the problem of inventory management with alternative delivery times. The general context considered here is that a seller replenishes its inventory in fixed intervals and, between replenishments, allocates the limited inventory to satisfy customers who are both price and delivery-time sensitive. On the demand side, customers have heterogeneous delivery-time requirements and choose either spot or late delivery. This theoretical modeling captures the essence of real-world business practices such as the delivery time market segmentation strategy adopted by automobile dealerships in China and many other similar examples. The book focuses on the seller’s optimal inventory replenishment and demand fulfillment policies, and our results provide managerial insights into the merits of flexible delivery-time options. Similar applications such as the group-buying mechanism are also examined. The main mathematical tool used in theoretical analysis is dynamic programming. This book is written for students, researchers, and practitioners in the areas of operations management and industrial engineering who are interested in understanding the rationale of flexible delivery times and designing successful applications.

Keywords

Alternative Delivery Options Delivery-time Options Dynamic Pricing Inventory Management Inventory Rationing Joint Inventory Control Supply Chain Management

Authors and affiliations

  • Xiaoying Liang
    • 1
  • Lijun Ma
    • 2
  • Haifeng Wang
    • 3
  • Houmin Yan
    • 4
  1. 1.College of BusinessCity University of Hong KongKowloonHong Kong
  2. 2.College of ManagementShenzhen UniversityShenzhenChina
  3. 3.Fengyuan Innovation Technology Co., Ltd.BeijingChina
  4. 4.College of BusinessCity University of Hong KongKowloonHong Kong

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-48635-2
  • Copyright Information The Author(s) 2017
  • Publisher Name Springer, Cham
  • eBook Packages Business and Management
  • Print ISBN 978-3-319-48633-8
  • Online ISBN 978-3-319-48635-2
  • Series Print ISSN 2365-8320
  • Series Online ISSN 2365-8339
  • Buy this book on publisher's site