DocumentCode
3576494
Title
The optimal ordering quantity with uncertain food´s safety environment
Author
Shu-Yen Hsu ; Lin, Tyrone T.
Author_Institution
Dept. of Bus. Adm., Nat. Dong Hwa Univ., Hualien, Taiwan
fYear
2014
Firstpage
6
Lastpage
10
Abstract
Under the deterioration of food safety environment of food suppliers and the uncertainty of food safety of the purchased food by individual manufacturer, 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.
Keywords
costing; food safety; procurement; decision evaluation; food raw materials; food suppliers; market acceptance; optimal ordering quantity; procurement costs; selling prices; uncertain food safety environment; Analytical models; Business; Mathematical model; Numerical models; Raw materials; Safety; Standards; Uncertain food safety environment; decision-making; expected profit; food raw material suppliers; optimal order quantity;
fLanguage
English
Publisher
ieee
Conference_Titel
Industrial Engineering and Engineering Management (IEEM), 2014 IEEE International Conference on
Type
conf
DOI
10.1109/IEEM.2014.7058589
Filename
7058589
Link To Document