Journal
OR SPECTRUM
Volume 32, Issue 4, Pages 979-996Publisher
SPRINGER
DOI: 10.1007/s00291-010-0196-1
Keywords
Inventory; Perishable products; Service level
Categories
Ask authors/readers for more resources
Food retail inventory management faces major challenges by uncertain demand, perishability, and high customer service level requirements. In this paper, we present a method to determine dynamic order quantities for perishable products with limited shelf-life, positive lead time, FIFO or LIFO issuing policy, and multiple service level constraints. In a numerical study, we illustrate the superiority of the proposed method over commonly suggested order-up-to-policies. We show that a constant-order policy might provide good results under stationary demand, short shelf-life, and LIFO inventory depletion.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available