Product perishability is a major concern of certain industrial sectors, especially the agro-food industry. This paper investigates the effect of product perishability and retailers’ stockout policy on system total cost, net profit, service level, and average inventory level in a two-echelon inventory–distribution system, and develops an approximate inventory model to these system performance me...

in this paper, for the first time, blood inventory-routing problem (irp) is defined and a mixed integer linear programming formulation is presented. to do so, the concepts of assigned inventory, transfusion to crossmatch ratio, crossmatch release period, older-first policy and order-up-to level inventory policy along with perishability considerations are incorporated into the latest inventory-r...

In this paper, it was an attempt to be present a practical perishability inventory model. The proposed model adds using spoilage of products and variable prices within a time period to a recently published location-inventory-routing model in order to make it more realistic. Aforementioned model by integration of strategic, tactical and operational level decisions produces better results for sup...

Perishability, a largely unconsidered characteristic of consumer goods, is shown to play an important role in planned multistore shopping behavior. We present a model of consumers as cost minimizing inventory managers, who choose between two stores di!erentiated on location and price, and who purchase perishable and nonperishable goods. We show that the interaction between perishability of good...

We develop the first approximation algorithm for periodic-review perishable inventory systems with setup costs. The ordering lead time is zero. The model allows for correlated demand processes which generalize the well-known approaches to model dynamic demand forecast updates. The structure of optimal policies for this fundamental class of problems is not known in the literature. Thus, finding ...

We develop the first approximation algorithm for periodic-review perishable inventory systems with setup costs. The ordering lead time is zero. The model allows for correlated demand processes which generalize the well-known approaches to model dynamic demand forecast updates. The structure of optimal policies for this fundamental class of problems is not known in the literature. Thus, finding ...

The transition to sustainable food supply chain management has brought new key logistical aims such as reducing food waste and environmental impacts of operations in the supply chain besides the traditional cost minimization objective. Traditional assumptions of constant distribution costs between nodes, unlimited product shelf life and deterministic demand used in the Inventory Routing Problem...

I n the classic revenue management (RM) problem of selling a fixed quantity of perishable inventories to price-sensitive non-strategic consumers over a finite horizon, the optimal pricing decision at any time depends on two important factors: consumer valuation and bid price. The former is determined exogenously by the demand side, while the latter is determined jointly by the inventory level o...