Mechanical Engineering Faculty Research

Title

What Drives Patient Satisfaction: A Rough Set Approach

Document Type

Article

Publication Date

2014

Abstract

This paper considers an inventory system that consists of a supplier, a retailer, and customers. The retailer adopts a continuous-review inventory policy, applies dynamic pricing and is subject to supply disruptions. Customer demands are price-sensitive. The inventory system is simulated and the impacts of supply disruptions and dynamic pricing are investigated. The experimental results provide managerial suggestions to the retailer. For instance, the retailer should pay more attention to supply disruption duration than disruption frequency. Besides, the retailer ought to consider the scenarios of supply disruptions and customer demand variation before making a dynamic pricing strategy.

Publication Title

International Journal of Simulation and Process Modelling

Volume

7

Issue

4

First Page

240

Last Page

248