A standard double auction market collects bids from traders and matches them to find the most efficient allocation, assuming that the value of unsold items remains unchanged. In the market for perishable goods, sellers suffer a loss when they fail to sell their goods, because their salvage values are lost when the goods perish. To solve this problem, we investigate the design of an online doubl...

This paper is an in-depth treatment of an inventory control problem with perishable items. We focus on two prototypes of perishability for items that have a common shelflife and that arrive in batches with zero lead time: (i) sudden deaths due to disasters (e.g., spoilage because of extreme weather conditions or a malfunction of the storage place) and (ii) outdating due to expirations (e.g., me...

this paper deals with an i * corresponding author email address:   nventory system with one central warehouse and a number of identical retailers. we consider perishable-on-the-shelf items; that is, all items have a fixed shelf life and start to age on their arrival at the retailers. each retailer faces poisson demand and employs (1, t) inventory policy. although demand n...

This paper presents inventory models for perishable items with stock dependent selling rate. The selling rate is assumed to be a function of current inventory level and rate of deterioration is taken to be constant. Under instantaneous replenishment with zero lead time, the model incorporates aspects such as complete, partial, and no backlogging. EOQ is determined for maximizing the total profi...

It has been a challenging task to manage perishable food supply chains because of the perishable product’s short lifetime, the possible spoilage of the product due to its deterioration nature, and the retail demand uncertainty. All of these factors can lead to a significant amount of shortage of food items and a substantial retail loss. The recent development of tracing and tracking technologie...

Due to the rapid development of technology in recent years, market competition and customer expectations have increased more than ever. In this situation, it is vital for businesses survival to determine the appropriate policy for inventory control, pricing, and routing, and decisions regarding each of them are often made separately. If the products have a perishable nature, it will be more imp...

This paper, considers Network Failure Manufacturing System (NFPMS) and production control policy of unreliable multi-machines, multi-products with perishable items. The production control policy is based on the Hedging Point Policy (HPP). The important point in the simulation of this system is assumed that the customers who receive perishable item are placed in priority queue of the customers w...

An inventory model with 3-variable Weibull distribution demand rate and constant deterioration is developed. The holding cost is constant. Shortages are not allowed. The salient feature of this inventory model is for non-perishable products or deteriorating items. A numerical example has been illustrated using MATLAB to describe the model and the sensitivity analysis of various parameters is ca...