Degree Name
MS (Master of Science)
Program
Mathematical Sciences
Date of Award
8-2021
Committee Chair or Co-Chairs
Jeff Knisley
Committee Members
Michele Joyner, Robert Price
Abstract
Inventory control is important to ensuring sufficient quantities of items are available tomeet demands of customers. The Newsvendor problem is a model used in Operations Research to determine optimal inventory levels for fulfilling future demands. Our study extends the newsvendor problem to a food truck problem. We used simulation to show that the food truck does not reduce to a newsvendor problem if demand depends on exogenous factors such temperature, time etc. We formulate the food truck problem as a multi-product multi-period linear program and found the dual for a single item. We use Discrete Event Simulation to solve the stochastic version of the dual and found the optimal order to maximize the food vendors profit.
Document Type
Dissertation - unrestricted
Recommended Citation
Quayesam, Dennis, "The Food Truck Problem, Supply Chains and Extensions of the Newsvendor Problem" (2021). Electronic Theses and Dissertations. Paper 3905. https://dc.etsu.edu/etd/3905
Copyright
Copyright by the authors.