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099		9	_aAIT Thesis no.ISE-24-04
100	1		_aJanthratip Khamwarut
245	1	0	_aAn optimal stock level and pricing strategy for perishable products under the VMI system
260			_aPathum Thani : _bAsian Institute of Technology, _c2024
300			_a54 leaves : _bill.+ _e 1 online resource
490	1		_aThesis ; _vno. ISE-24-04
500			_aA thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering in Industrial and Manufacturing Engineering
502			_aThesis (M. Eng.) - Asian Institute of Technology, 2024
520			_aVendor-managed inventory (VMI) is an approach used to ensure that perishable items are always available while also improving operational efficiency and compliance with quality standards. In this study, we study a new decision scenario concerning a deteriorating item, focusing on the case of a single vendor and single retailer under VMI system. We develop the mathematical model considering the base stock policy, which will be implemented with a maximum stock level (S), with adjustments made to discount prices based on shelf life to encourage a retailer to buy products. Demand rates are influenced by pricing, assuming that the rate of deterioration for a deteriorating item follows a Weibull distribution and a fully backlogged shortage. To assess the efficacy of the proposed models, we conduct numerical experiments and sensitivity analyses. These analyses aim to evaluate how changes in input variables impact experimental outcomes and shed light on the effects of alterations in input parameters on optimal solutions. Finally, we present the conclusions drawn from our study, along with recommendations for future research.
650		0	_aInventory control _xMathematical models
650		0	_aWeibull distribution
650		0	_aPerishable goods _xInventory control
700	0		_aHuynh, Trung Luong, _eChairperson
700	0		_aManukid Parnichkun, _eExamination Committee
700	0		_aMongkol Ekpanyapong, _eExamination Committee
710	2		_aRoyal Thai Government Fellowship, _eScholarship Donor
810	2		_aAsian Institute of Technology. _tThesis ; _vno. ISE-24-04
856	4	0	_3Full-Text _uhttp://203.159.5.9/ait-thesis/detail.php?q=B23336
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