Optimization of Contribution Margins in Food Services by Modeling Independent Component Demand
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| Format: | Artículo científico |
| Language: | en |
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Universidad Nacional de Colombia
2015
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| _version_ | 1876451921086119936 |
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| author | Fernando Rojas |
| author_facet | Fernando Rojas |
| contents | Optimization of Contribution Margins in Food Services by Modeling Independent Component Demand Fernando Rojas Víctor Leiva Peter Wanke Carolina Marchant Física, Astronomía y Matemáticas Demand Inventory Data Analysis Distributions We propose a methodology useful for food services, allowing contribution margins to be optimized. This is based on statistical tools, inventory models and financial indicators. To reduce the gap between theory and practice, we apply this methodology to the case study of a Chilean company to show its potential. We conduct a real-world demand data analysis for perishable and non-perishable products in the company’s inventory assortment. Then, we use suitable inventory models to optimize the associated costs. We compare the proposed optimized system with the non-optimized system currently employed by the company, using financial indicators. 2015 artículo científico 0120-1751 https://www.redalyc.org/articulo.oa?id=89938627002 en http://www.redalyc.org/revista.oa?id=899 Revista Colombiana de Estadística application/pdf Universidad Nacional de Colombia Revista Colombiana de Estadística (Colombia) Num.1 Vol.38 |
| format | Artículo científico |
| id | redalyc_89938627002 |
| institution | Redalyc |
| language | en |
| publishDate | 2015 |
| publisher | Universidad Nacional de Colombia |
| spellingShingle | Optimization of Contribution Margins in Food Services by Modeling Independent Component Demand Fernando Rojas Física, Astronomía y Matemáticas Demand Inventory Data Analysis Distributions Optimization of Contribution Margins in Food Services by Modeling Independent Component Demand Fernando Rojas Víctor Leiva Peter Wanke Carolina Marchant Física, Astronomía y Matemáticas Demand Inventory Data Analysis Distributions We propose a methodology useful for food services, allowing contribution margins to be optimized. This is based on statistical tools, inventory models and financial indicators. To reduce the gap between theory and practice, we apply this methodology to the case study of a Chilean company to show its potential. We conduct a real-world demand data analysis for perishable and non-perishable products in the company’s inventory assortment. Then, we use suitable inventory models to optimize the associated costs. We compare the proposed optimized system with the non-optimized system currently employed by the company, using financial indicators. 2015 artículo científico 0120-1751 https://www.redalyc.org/articulo.oa?id=89938627002 en http://www.redalyc.org/revista.oa?id=899 Revista Colombiana de Estadística application/pdf Universidad Nacional de Colombia Revista Colombiana de Estadística (Colombia) Num.1 Vol.38 |
| title | Optimization of Contribution Margins in Food Services by Modeling Independent Component Demand |
| topic | Física, Astronomía y Matemáticas Demand Inventory Data Analysis Distributions |
| url | https://www.redalyc.org/articulo.oa?id=89938627002 |