Economic Discounting and stocking of Perishables: A Simulation based Approach for Wholesalers

Economic Discounting and stocking of Perishables: A Simulation based Approach for Wholesalers

Lamay Bin Sabir

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Jamal A. Farooquie

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Asad Ullah

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Aligarh Muslim University

University of Sargodha

Economic Discounting and stocking of Perishables: A Simulation based Approach for Wholesalers

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Abstract

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.

References

15 Cites in Article

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

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).

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GJMBR Volume 14 Issue A3

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

inventory perishable profit Simulation

Submission ReceivedDecember 15, 2013
Peer Review Double Blind
Handling Editor
Accepted January 4, 2014
Published January 15, 2014

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v1.2

Issue date

May 22, 2014

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Article Matrices

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)

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