Neural Networks and Rules-based Systems used to Find Rational and Scientific Correlations between being Here and Now with Afterlife Conditions
Neural Networks and Rules-based Systems used to Find Rational and
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Customers are more particular about shelf life, taste and nutritious value of products when it comes to perishables, as compared to non-perishables, especially food items. Decisions related to stock size, price discounts, and aftershelf-life uses of such goods are relatively difficult to take. The majority of wholesaler of perishables generally manages their inventories and profit on know-how basis rather than using any objective criteria. This paper is based on a study conducted lately by the authors on inventory management and performance of supply chains of perishables. Monte Carlo simulation approach is used in this paper to find out economic stock size, amount and period of price discounts, and expected profit for wholesalers supplying eggs to a local market. The framework of this study has been adapted from two previously published studies on a related issue.
Lamay Bin Sabir. 2014. \u201cEconomic Discounting and stocking of Perishables: A Simulation based Approach for Wholesalers\u201d. Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 14 (GJMBR Volume 14 Issue A3): .
Crossref Journal DOI 10.17406/GJMBR
Print ISSN 0975-5853
e-ISSN 2249-4588
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Total Score: 103
Country: India
Subject: Global Journal of Management and Business Research - A: Administration & Management
Authors: Lamay Bin Sabir, Jamal A. Farooquie, Asad Ullah (PhD/Dr. count: 0)
View Count (all-time): 139
Total Views (Real + Logic): 4551
Total Downloads (simulated): 2264
Publish Date: 2014 05, Thu
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Neural Networks and Rules-based Systems used to Find Rational and
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Customers are more particular about shelf life, taste and nutritious value of products when it comes to perishables, as compared to non-perishables, especially food items. Decisions related to stock size, price discounts, and aftershelf-life uses of such goods are relatively difficult to take. The majority of wholesaler of perishables generally manages their inventories and profit on know-how basis rather than using any objective criteria. This paper is based on a study conducted lately by the authors on inventory management and performance of supply chains of perishables. Monte Carlo simulation approach is used in this paper to find out economic stock size, amount and period of price discounts, and expected profit for wholesalers supplying eggs to a local market. The framework of this study has been adapted from two previously published studies on a related issue.
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