Title :
Research on the Procurement Issues of Small and Medium-Sized Enterprise under the Conditions of Price Uncertainty
Author :
Jinbo Chen ; Huayong Dai
Author_Institution :
Bus. Adm. Sch., Hubei Univ. of Econ., Wuhan, China
Abstract :
The funds and scales of small and medium-sized enterprise are all smaller, for lowering operation cost, The SME in general is very concerned about their supplies of raw materials. And in the market, the price is volatile. To ensure that in such cases SME can make the best purchasing decision-making, this paper presents the use of dynamic programming ideas to solve this problem, Constructs of the procurement decision-making model.
Keywords :
dynamic programming; pricing; procurement; small-to-medium enterprises; SME; dynamic programming; price uncertainty; procurement decision-making model; purchasing decision-making; small and medium-sized enterprise; Decision making; Dynamic programming; Economics; Procurement; Raw materials; Uncertainty; dynamic programming; optimal decision; procurement;
Conference_Titel :
E-Business and E-Government (ICEE), 2010 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-0-7695-3997-3
DOI :
10.1109/ICEE.2010.821
