Group-buying inventory policy with demand under Poisson process

Tammarat Kleebmek, Angkana Boonyued, Wuttichai Srisodaphol
J. Sci. Technol   unpublished
The group-buying is the modern business of selling in the uncertain market. With an objective to minimize costs for sellers arising from ordering and reordering, we present in this paper the group buying inventory model, with the demand governed by a Poisson process and the product sale distributed as Binomial distribution. The inventory level is under continuous review, while the lead time is fixed. A numerical example is illustrated.