Class 8 Rs Aggarwal Price

[Nina Zahra]

Alongwith tremendous growth of online sales in this Internet era, unprecedented intensive competition in shortening the delivery time of orders has been occurring among several major online retailers. On the other hand, the idea of customer-oriented service creates a trend of diversified pricing strategy. Different price options are offered to cater to diversified needs of customers. It has become an urgent need for online sales industries to provide the differentiated service levels for different classes of customers with different priorities based on the charging prices and resource constraints of the supply network.

Priority Based Turn-over Rate (PBTR) storage assignment method, Priority Based Weighted Queuing (PBWQ) policy and joint optimization of storage assignment and PBWQ policy are proposed, developed, explored and validated in this thesis.

Utility function of charging price and order processing time is developed to measure the performances of the proposed methods. Compared with the classical turn over rate assignment method, PBTR has 23.21% of improvement under the measurement of utility function, when different classes of customers have different needs for products. PBWQ improves the system performance by 18.15% compared with First-Come-First-Serve (FCFS) policy under baseline setting of experiments. Joint optimization of storage assignment and PBWQ policy has the improvement of 19.64% in system performance compared with the baseline system which applies both classical storage assignment method and FCFS order processing policy.

3a8082e126