Strategic risk management in the stocking decisions of frozen vegetables Online publication date: Fri, 03-Aug-2018
by Yenming J. Chen; Tzong-Ru Lee; Yaqian Xiao; Miaohua Lin; Yunxuan Li
International Journal of Logistics Economics and Globalisation (IJLEG), Vol. 7, No. 3, 2018
Abstract: Many crops are harvested once a year and the produces will meet the requirements of the entire year. For example, carrots usually harvest in winter and most of them must be refrigerated to fulfil the annual demands. The remains are then released to the fresh auction market. The refrigerated vegetables will be carefully released to the market month by month according to the expected demand of the entire year. In this study, simulated optimisation analysis is carried out based on a design of experiments. Results show that: 1) the higher the probability of the natural disease in the future, the more the hoarding; 2) when substitutive vegetables are expected to be scarce, the hoarding should increase; 3) when the quality of this batch of harvest is worse, then the hoarding should decrease. Our simulation results show that profit reaches the highest if natural shipments are 40,000 t.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Logistics Economics and Globalisation (IJLEG):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook