Food as perishable goods represents a specific and sensitive part in the supply chain theory, since changing physical or chemical characteristics considerably influence the approach to stock management. The most delicate phase of this process is transportation, where it becomes difficult to ensure the stable conditions which limit deterioration, since the value of the deterioration rate could b...

We provide explicit solutions to life-cycle utility maximization problems simultaneously involving dynamic decisions on investments in stocks and bonds, consumption of perishable goods, and the rental and the ownership of residential real estate. House prices, stock prices, interest rates, and the labor income of the decision-maker follow correlated stochastic processes. The preferences of the ...

delivering perishable products to customers as soon as possible and with the minimum cost has been always a challenge for producers and has been emphasized over recent years due to the global market becoming more competitive. in this paper a multi-objective mix integer non-linear programming model is proposed to maximize both profits of a distributer and the total freshness of the several produ...

Abstract— Perishable inventory constitute a large portion of the world economy and include virtually all foodstuffs, pharmaceuticals, fashion goods, electronic items, periodicals, digital goods and many more as they lose value with time due to deterioration and/or obsolescence. Retailers dealing with perishable goods have to consider the factors of short shelf life and the dependency of sales v...

We developed a CMOS watchdog sensor that simulates the changes in quality of perishables such as farm and marine products. The sensor can imitate a chemical reaction that causes the changes in the quality of perishables, with a wide range of activation energy from 0.1 eV to 0.7 eV. Attached to perishable goods, the sensor simulates the deterioration of the goods caused by surrounding temperatur...