Keywords: Approximate dynamic programming Artificial neural networks Cross-price elasticity Markdown optimization Dynamic pricing Aggregation a b s t r a c t Markdown policies for product groups having significant cross-price elasticity among each other should be jointly determined. However, finding optimal policies for product groups becomes computationally intractable as the number of product...

Abstract: The development of concise supervision systems to monitor quality changes during transport of fresh fruits and of other perishable foods demands cooperation between agricultural and micro electronic research. Special sensors are required to measure parameters that influence product quality. Beside temperature and time, ethylene has an important effect on the keeping quality. We discus...

In inventory, the utility of the deteriorating items decreases with time. The degree of deterioration of product utility can be treated as penalty cost in the inventory replenishment system. In this paper, we present EOQ model for those perishable products, which do not deteriorate for some period of time and after that time they continuously deteriorate with time and loose their importance. Th...

In this paper, using the maximum principle for analyzing dynamic cost, we propose a new twostage supply chain model of the manufacturing-assembly mode for high-tech perishable products supply chain and obtain the optimal conditions and results. On this basis, we further research the effect of localization of CODP on the total cost and the relation of CODP, inventory policy and demand type throu...

In this paper we propose a methodology to set prices of perishable items in the context of a retail chain with coordinated prices among its stores and compare its performance with actual practice in a real case study. We formulate a stochastic dynamic programming problem and develop heuristic solutions that approximate optimal solutions satisfactorily. To compare this methodology with current p...

We are concerned about the following problem: a manufacturer owns a certain amount of perishable raw material which can be produced into different types of products. He must, however, finish the manufacturing process before a deadline (which represents, e.g., a fixed flight schedule). Due to the deadline constraint and the raw material limit, it is imperative for the manufacturer to determine t...

Perishable fresh vegetables that do not meet cosmetic standards and other crop waste rich resources are presently wasted. Mangifera indica leaves, Psidium guajava Petroselinum crispum leaves Daucus carota were selected as model to show they can be converted into a shelf-stable novel functional powdered product. A product from blend of these (FPPV) was formulated. To evaluate the shelf-life FPPV...

now a days, management and control of perishable inventories is important in many units and industrial enterprises. basically perishable inventory management and control is more complex and challenging than inventories with unlimited lifetime. hence determining the optimal inventory policies for these products is very important.  in this paper, the optimal inventory policy for perishable items ...

Wastage of perishable and non-perishable products due to manual monitoring in shopping malls creates huge revenue loss supermarket industry. Besides, internal external factors such as calendar events weather condition contribute excess wastage different regions supermarket. It is a challenging job know about the manually supermarkets region-wise. Therefore, management needs take appropriate dec...

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...