Channel coordination through a revenue sharing contract in a two-period newsboy problem Cao To Linh and Yushin Hong Department of Industrial and Management Engineering POSTECH‚ Korea Abstract This paper studies channel coordination through revenue sharing contract between a single retailer and a single wholesaler in a two-period newsboy problem. Two models are discussed‚ a single-buying-opportunity model and a two-buying-opportunity model. We discuss how the revenue sharing ratio
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OF BUSINESS LOGISTICS‚ Vol.24‚ No.2‚ 2003 37 STRATEGIC SUPPLY CHAIN MAPPING APPROACHES by John T. Gardner SUNY Brockport and Martha C. Cooper The Ohio State University Visualizing‚ tracking‚ and managing supply chains all become more complicated as firms pursue outsourcing strategies and as firms’ supply and delivery systems become increasingly global. The authors suggest that not only is there a need to visualize the supply chain‚ there needs to be a well-established process for building the
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(bulk). Work In Process – Brewed coffee in coffee pot and frozen baked products in the refrigerator. Finished Goods – Fresh processed coffee under customer specification. Baked Goods (Muffins‚ Brownies‚ etc.) Maintenance‚ Repair and Operating Supplies – Coffee machine spare parts for use in the scheduled maintenance. Coffee Cups and Lids. b. Coffee Beans – Dependent demand. Milk (Bulk) – Dependent demand. Brewed Coffee in Coffee Pot – Independent demand. (if the order is just black coffee)
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INTERNATIONAL JOURNAL OF AGRICULTURE & BIOLOGY 1560–8530/2002/04–3–420–428 http://www.ijab.org Review Dairy Industry in Pakistan: A Scenario SARWAR‚ M.‚ M.A. KHAN‚ MAHR-UN-NISA AND ZAFAR IQBAL† Departments of Animal Nutrition and †Veterinary Parasitology‚ University of Agriculture‚ Faisalabad–38040‚ Pakistan ABSTRACT Milk and its products provide nearly one third of world’s intake of animal protein (FAO‚ 1998). Milk and milk products represent 27% of total household expenditures on food
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dynamic combination of 4. What are the steps in the CRM process? b. WIP inventories(No Answer) 1. Information Management 2. transportation rate 3. CORRECT: are associated with manufacturing 4. short run analysis. b. The logistics/supply chain network transformation team(No Answer) 1. CORRECT: must be aware of the firm’s overall business and corporate strategies and the supply chain in which it participates. 2. is one of the most commonly used techniques. 3. on the movement and storage of
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Note: Solve ANY THREE case studies. CASE I A CASE OF ALPHA TELENET LIMITED Alpha Telecom Ltd.‚ a part of Alpha Group was established in 1976 by its visionary Chairman and Managing Director‚ A. S. Verma. The company started with manufacturing of Electronic Push Button Telephones (EPBT) and Cordless phones in 1985 in Allahabad. On July 7‚ 1995 Alpha Tele-Ventures Limited was incorporated. A mobile service called ’Web-Tel’
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PROJECT MANAGEMENT IN BIOTECHNOLOGY AND PHARMACEUTICAL INDUSTRY In today’s competitive world‚ if an idea is not converted into product in time then the idea will never be successful. What makes an idea successful? A well executed Idea or thought is a successful Idea. The process of execution of an idea from its inception into a final product is called project management. Project management is one of the hot career options with the growing competition. Project management involves planning‚ organizing
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Map the Supply Chain MKT 421 `May 6‚ 2015 Mr. Ahmer Allauddin Map the Supply Chain The supply chain coordination is a very important process in the “A supply chain is the network of all the individuals‚ organizations‚ resources‚ activities and technology involved in the creation and sale of a product‚ from the delivery of source materials from the supplier to the manufacturer‚ through to its eventual delivery to the end user” (Whatis.com‚ 2015). The supply chain coordination is a very important
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NEWSVENDOR MODEL Too Much/Too Little Problem Maximize Expected Profit STEP 1: overage/underage costs Co = overage cost per unit Co = Variable Cost – Salvage value Cu = underage cost per unit Cu = Price – Cost (+ Future Cost) STEP 2: Find Critical Ratio F(Q*) = Probability demand < Q. Cu /Cu+ C0 = critical ratio/srvc level STEP 3: Calculate z from table. φ(Ζ) = Critical ratio STEP 4: Calculate Q* = optimal order quantity Ζ= from above (table) μ = mean σ = standard
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product shortage may result if actual demand exceeds the forecast demand. 2. Lead times serve to magnify the increase in variability due to demand forecasting. Therefore‚ lead time reduction can significantly reduce the bullwhip effect throughout a supply chain. Lead times typically include two components: order lead times‚ information lead times. Order lead times can be reduced through the use of cross-docking‚ but information lead time can be reduced through the use of electronic data interchange
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