By Topic

A comparison study of stock-out policies in vending machine systems

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

2 Author(s)
Yang-Byung Park ; Dept. of Ind. & Manage. Syst. Eng., Kyung Hee Univ., Yongin, South Korea ; Sung-Joon Yoon

In this paper, we compared three stock-out policies in vending machine systems, which are the no stock-out allowance policy, stock-out policy allowing only give-ups, and stock-out allowance policy, by constructing the respective mathematical models for determining the item allocation to storage compartments and replenishment intervals of vending machines. We performed computational experiments on a test problem in order to evaluate the effectiveness of the three policies with respect to system profit. The results showed the substantial advantage of the stock-out allowance policy over the other two policies.

Published in:

Engineering and Industries (ICEI), 2011 International Conference on

Date of Conference:

Nov. 29 2011-Dec. 1 2011