Joint Product Framing (Display, Ranking, Pricing) and Order Fulfillment Under the Multinomial Logit Model for E-Commerce Retailers

Problem definition: We study a joint product framing and order fulfillment problem with both inventory and cardinality constraints faced by an e-commerce retailer. There is a finite selling horizon and no replenishment opportunity. In each period, the retailer needs to decide how to “frame” (i.e., display, rank, price) each product on his or her website as well as how to fulfill a new demand. Academic/practical relevance: E-commerce retail is known to suffer from thin profit margins. Using the data from a major U.S. retailer, we show that jointly planning product framing and order fulfillment can have a significant impact on online retailers’ profitability. This is a technically challenging problem as it involves both inventory and cardinality constraints. In this paper, we make progress toward resolving this challenge. Methodology: We use techniques such as randomized algorithms and graph-based algorithms to provide a tractable solution heuristic that we analyze through asymptotic analysis. Results: Our proposed randomized heuristic policy is based on the solution of a deterministic approximation to the stochastic control problem. The key challenge is in constructing a randomization scheme that is easy to implement and that guarantees the resulting policy is asymptotically optimal. We propose a novel two-step randomization scheme based on the idea of matrix decomposition and a rescaling argument. Managerial implications: Our numerical tests show that the proposed policy is very close to optimal, can be applied to large-scale problems in practice, and highlights the value of jointly optimizing product framing and order fulfillment decisions. When inventory across the network is imbalanced, the widespread practice of planning product framing without considering its impact on fulfillment can result in high shipping costs, regardless of the fulfillment policy used. Our proposed policy significantly reduces shipping costs by using product framing to manage demand so that it occurs close to the location of the inventory.

Optimal inventory policy for the two-level supply chain with defective items

This project focuses on two-level closed-loop supply chains with defective items. The objective of this project is to develop and design a model that minimizes the total expected cost per unit time, which includes set-up costs, holding costs, transportation/shipping costs, and screening costs of the integrated two-level close-loop supply chain. The model also finds the optimum order size and optimum number of shipments. The buyer screens the products received from the vendor to find the defective items. The holding costs of the defective items at the buyer's end is paid by the vendor. After the screening process, the defective items are shipped back to the vendor and the vendor has to carry the shipping costs of the defective items. Two scenarios may arise: where both the vendor and buyer are domestic or international, where vendor and buyer are located in two different countries. In the case of an international supply chain, exchange rate between two countries has also been considered. In current world since the business growing fast, the inventory management of any business enterprise improving their performance financially by minimizing the holding cost. The analysis shows how the percentage of defective item affects the total expected cost. The project work has an important involvement for improvement in the vendor-buyer correlated high-tech supply chain industries.

Optimal inventory policy for the two-level supply chain with defective items

This project focuses on two-level closed-loop supply chains with defective items. The objective of this project is to develop and design a model that minimizes the total expected cost per unit time, which includes set-up costs, holding costs, transportation/shipping costs, and screening costs of the integrated two-level close-loop supply chain. The model also finds the optimum order size and optimum number of shipments. The buyer screens the products received from the vendor to find the defective items. The holding costs of the defective items at the buyer's end is paid by the vendor. After the screening process, the defective items are shipped back to the vendor and the vendor has to carry the shipping costs of the defective items. Two scenarios may arise: where both the vendor and buyer are domestic or international, where vendor and buyer are located in two different countries. In the case of an international supply chain, exchange rate between two countries has also been considered. In current world since the business growing fast, the inventory management of any business enterprise improving their performance financially by minimizing the holding cost. The analysis shows how the percentage of defective item affects the total expected cost. The project work has an important involvement for improvement in the vendor-buyer correlated high-tech supply chain industries.

Modern Web Semantic Application For Selling Fish

Betta fish is famous as a fighter fish with a difference between betta fish with other types of fishes. Many people are interested in buying the Betta fish with a beautiful tail and attractive color with a giant belly. Thus, the paper aims to build a Semantic Web with API of delivery services. We design a system to enable and increase the betta fish sales of the Yogyakarta Community, Indonesia. We construct an application with REST of a web semantics to retrieve various data, including places and shipping cost of items to enable buyers to estimate fish prices and shipping costs.

Shipping Consolidation Across Two Warehouses with Delivery Deadline and Expedited Options for E-commerce and Omni-channel Retailers

Problem definition: Shipment consolidation (i.e., shipping multiple orders together instead of shipping them separately) is commonly used to decrease total shipping costs. However, when the delivery of some orders is delayed, so they can be consolidated with future orders, a more expensive expedited shipment may be needed to meet shorter deadlines. In this paper, we study the optimal consolidation policy focusing on the trade-off between economies of scale due to combining orders and expedited shipping costs, in the setting of two warehouses. Academic/practical relevance: Our work is motivated by the application of fulfillment consolidation in e-commerce and omni-channel retail, especially with the rise of so-called on-demand logistics services. Sellers have the flexibility to take advantage of consolidation by deciding when to ship the orders and from which warehouse to fulfill the orders, as long as the orders’ deadlines are met. Methodology: We use Dynamic Programming to study the optimal policy and its structure. We also conduct extensive simulation tests to evaluate the performance of heuristics that are based on structures of the optimal policies. Results: The optimal policies and their structures are characterized. Using the insights of these structural properties, we propose two easily implementable heuristics that perform within 1%–2% of the optimal solution and outperform other benchmark consolidation methods in numerical tests. Managerial implications: Consolidation is shown to significantly reduce the outbound shipping costs. Retailers can take advantage of it to effectively improve the standard policies by simply applying the threshold-form heuristics we propose.

EFEKTIVITAS PELAKSANAAN PERATURAN PENCATATAN PERCERAIAN DI KANTOR URUSAN AGAMA

Marriage is a sacred bond which is ideally only held once in a lifetime. Both Islamic law and positive law require an eternal happy marriage. To support this the Koran proclaims marriage as mitsaqan galiza. The marriage is then registered in the state administration. In line with this, the laws and regulations are formulated in such a way as to make divorce more difficult. However, when there are acceptable reasons and due to coercive conditions, divorce can be done through a judicial process. The divorce must then be registered by taking certain procedures. The court delivered the notice and sent a copy of the decision to the marriage registrar to file the divorce properly. The implementation of this divorce record was not effective. The separation of the Religious Courts Institution from the Ministry of Religion has become a factor that causes the registration task not to be carried out. The loss of the obligation to submit a copy of the decision on the judge's ruling caused the recording to be constrained. The unavailability of shipping costs also contributed to the failure to register divorce. Even though there is a threat to the Registrar who neglects to deliver a copy of the verdict, unclear sanctions make this ineffective. As a result of the lack of recording of divorce, the status of husband and wife becomes unclear and opens opportunities for abuse of that status.