The Operation Problem of Smart Vending Machine Systems

Yang-Byung Park () and Jun-Su Yoo
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Yang-Byung Park: Kyung Hee University
Jun-Su Yoo: Kyung Hee University

A chapter in LISS 2012, 2013, pp 1013-1017 from Springer

Abstract: Abstract In this paper, we propose a solution for the operation problem of smart vending machine systems with stock-out-based substitution under the replenishment point, order-up-to level inventory policy and conduct computational experiments on test problems in order to evaluate its performance. Furthermore, a sensitivity analysis is carried out to evaluate the effect of customer service level on the system profit using a simulation.

Keywords: Smart vending machines; Inventory management; Simulation (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-32054-5_142

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DOI: 10.1007/978-3-642-32054-5_142

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