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A Multi-supplier and Return-Policy Newsboy Model with Limited Budget and Minimum Service Level by Using GA

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Book cover Modeling Decisions for Artificial Intelligence (MDAI 2007)

Part of the book series: Lecture Notes in Computer Science ((LNAI,volume 4617))

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Abstract

A style dress outlet usually purchases products from multiple suppliers with differing cost, quality and selling price. It is assumed that some suppliers will sell their goods to the buyer outright, while some other suppliers will offer return policy for items unsold. In the latter case, the supplier buys back from the buyer the unsold items at the end of the selling season. The purpose of this study is to enable the buyer to develop a supplier selection and replenishment policy subject to limited budget. A minimal service level and uncertain market are assumed as well. Genetic algorithm (GA) is used to solve the problem.

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Authors and Affiliations

  1. Industrial Engineering and Management Department, St. John’s University, Tamsui, Taipei 25135, ROC

    P. C. Yang & S. H. Kang

  2. Industrial Engineering Department, Chung Yuan Christian University, Chungli, Taiwan, 32023, ROC

    H. M. Wee

  3. Information Management Department, St. John’s University, Tamsui, Taipei, 25135, ROC

    S. L. Chung

Authors
  1. P. C. Yang
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  2. H. M. Wee
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  3. S. L. Chung
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  4. S. H. Kang
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Editor information

Vicenç Torra Yasuo Narukawa Yuji Yoshida

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© 2007 Springer-Verlag Berlin Heidelberg

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Yang, P.C., Wee, H.M., Chung, S.L., Kang, S.H. (2007). A Multi-supplier and Return-Policy Newsboy Model with Limited Budget and Minimum Service Level by Using GA. In: Torra, V., Narukawa, Y., Yoshida, Y. (eds) Modeling Decisions for Artificial Intelligence. MDAI 2007. Lecture Notes in Computer Science(), vol 4617. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-73729-2_31

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  • DOI: https://doi.org/10.1007/978-3-540-73729-2_31

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-73728-5

  • Online ISBN: 978-3-540-73729-2

  • eBook Packages: Computer ScienceComputer Science (R0)

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