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The Operation Problem of Smart Vending Machine Systems

In: Liss 2012

Author

Listed:
  • Yang-Byung Park

    (Kyung Hee University)

  • Jun-Su Yoo

    (Kyung Hee University)

Abstract

In this paper, we propose a solution for the operation problem of smart vending machine systems with stock-out-based substitution under the replenishment point, order-up-to level inventory policy and conduct computational experiments on test problems in order to evaluate its performance. Furthermore, a sensitivity analysis is carried out to evaluate the effect of customer service level on the system profit using a simulation.

Suggested Citation

  • Yang-Byung Park & Jun-Su Yoo, 2013. "The Operation Problem of Smart Vending Machine Systems," Springer Books, in: Zhenji Zhang & Runtong Zhang & Juliang Zhang (ed.), Liss 2012, edition 127, pages 1013-1017, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-32054-5_142
    DOI: 10.1007/978-3-642-32054-5_142
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