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Ordering Policy of Two-Stage Newsvendor Model for Fresh Retailer under RFID Investment

Author

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  • Na Fu
  • Junhai Ma

Abstract

Fresh products have a strong dependence on time and a large loss rate in the circulation process. Applying RFID technology to the supply chain of fresh products, through the real-time tracking technology, can not only reduce the products’ time dependence but also realize the second order within the whole sales period. This paper takes a two-echelon fresh supply chain of a single fresh retailer as the research object, constructs a two-stage Newsvendor model with or without RFID technology, compares the difference in profits, and provides decision-making reference for fresh retailers whether to invest in RFID or not.

Suggested Citation

  • Na Fu & Junhai Ma, 2021. "Ordering Policy of Two-Stage Newsvendor Model for Fresh Retailer under RFID Investment," Discrete Dynamics in Nature and Society, Hindawi, vol. 2021, pages 1-13, May.
    • Handle: RePEc:hin:jnddns:5565362
    DOI: 10.1155/2021/5565362
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