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Manufacturer Decision Analysis on RFID Adoption

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Abstract:

RFID technology has many advantages and plays an important part in eliminating the inaccuracy of inventory information. This paper analyzed how manufacturers decided the raw material ordering quantity to maximize their profit when the price of raw materials was given through newsvendor model. Combined with the impact of putting raw materials wrongly and lost of raw materials, we compare the profits of not adopting RFID technology and that of adopting it. Then we obtain the biggest cost that manufacturer could undertake when adopting RFID, and the results can provide the foundation for the decision maker of manufacturing enterprise.

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Info:

Periodical:

Applied Mechanics and Materials (Volumes 336-338)

Pages:

2483-2487

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.336-338.2483

Citation:

Cite this paper

Online since:

July 2013

Authors:

Gui Tao Zhang, Jin Song Hu, Chun Long Zhao, Kui Kui Wang, Guo Rui Wen

Keywords:

Make Decision, Manufacturer, RFID Technology, Tag Cost

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© 2013 Trans Tech Publications Ltd. All Rights Reserved

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