Consumption Coupons, Consumption Probability and Inventory Optimization: An Improved Minimum-Cost Maximum-Flow Approach
Sustainability
; 14(13):7759, 2022.
Article
in English
| ProQuest Central | ID: covidwho-1934229
ABSTRACT
The issuance of consumption coupons during the epidemic period to stimulate the economy must take full account of the level of probabilistic consumption and inventory optimization. In this paper, an improved minimum-cost maximum-flow model is constructed to dynamically adjust the inventory capacity of node enterprises with the change of probabilistic consumption level, and three scenarios are simulated by numerical assumptions. The results show that (1) The model can better solve the problem of consumption coupons, probabilistic consumption and inventory optimization;(2) Consumer welfare remains unchanged, the largest number of government consumption coupons is issued, and the number of enterprise inventories reaches the lowest;(3) Enterprise inventories are minimized with different decisions on consumer probability consumption, and the government’s issuance of consumption coupons and the satisfaction of consumer demand have reached a dynamic balance. Corresponding suggestions are put forward, hoping to better help the government to implement the consumption coupons policy to stimulate the economy.
Environmental Studies; consumption coupons; purchase probability; inventory optimization; minimum-cost maximum-flow; Epidemics; Consumer behavior; Consumers; Optimization; Network management systems; Inventories; Pandemics; Discount coupons; Decision making; Profits; Consumption; Economic development; Cost control; Statistical analysis; Economic growth; Coronaviruses; Inventory management; Inventory; COVID-19; China
Full text:
Available
Collection:
Databases of international organizations
Database:
ProQuest Central
Language:
English
Journal:
Sustainability
Year:
2022
Document Type:
Article
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