The optimal ordering quantity model under the uncertain food safety environment with a risk aversion concept

Shu Yen Hsu, Tyrone T. Lin, Chiao Chen Chang

研究成果: 書貢獻/報告類型會議貢獻

摘要

Under the deterioration of the food safety environment of food suppliers and the uncertainty of the food safety of the purchased food by individual manufacturers, this study aims to establish a mathematical model standard basis as a reference for decision evaluation on the optimal order quantity of food raw materials to satisfy the maximum expected returns, according to the food safety situations and market acceptance (optimistic/normal/pessimistic),thus affecting procurement costs and selling prices. Assume that product costs and selling prices under different market environments will change;at the same time, importers are allowed to urgent order processing when out of stock issues and surplus products will be sold at discounted prices. Under the importers' attitudes to risk aversion, mathematical models are established to meet the importers' maximum gain and maximum utility function of optimal order quantity decision.
原文英語
主出版物標題IEEM 2015 - 2015 IEEE International Conference on Industrial Engineering and Engineering Management
發行者IEEE Computer Society
頁面470-474
頁數5
2016-January
ISBN(電子)9781467380669
DOIs
出版狀態已發佈 - 一月 18 2016
對外發佈
事件IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2015 - Singapore, 新加坡
持續時間: 十二月 6 2015十二月 9 2015

其他

其他IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2015
國家/地區新加坡
城市Singapore
期間12/6/1512/9/15

ASJC Scopus subject areas

  • 商業、管理和會計(雜項)
  • 工業與製造工程
  • 安全、風險、可靠性和品質

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