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Age-based vs. stock level control policies for a perishable inventory system

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  • Tekin, Eylem
  • Gurler, Ulku
  • Berk, Emre

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  • Tekin, Eylem & Gurler, Ulku & Berk, Emre, 2001. "Age-based vs. stock level control policies for a perishable inventory system," European Journal of Operational Research, Elsevier, vol. 134(2), pages 309-329, October.
    • Handle: RePEc:eee:ejores:v:134:y:2001:i:2:p:309-329
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    1. Steven Nahmias & Shan Shan Wang, 1979. "A Heuristic Lot Size Reorder Point Model for Decaying Inventories," Management Science, INFORMS, vol. 25(1), pages 90-97, January.
    2. Chiu, Huan Neng, 1995. "An approximation to the continuous review inventory model with perishable items and lead times," European Journal of Operational Research, Elsevier, vol. 87(1), pages 93-108, November.
    3. Morris A. Cohen, 1976. "Analysis of Single Critical Number Ordering Policies for Perishable Inventories," Operations Research, INFORMS, vol. 24(4), pages 726-741, August.
    4. Purushottaman Nandakumar & Thomas E. Morton, 1993. "Near Myopic Heuristics for the Fixed-Life Perishability Problem," Management Science, INFORMS, vol. 39(12), pages 1490-1498, December.
    5. S. Kalpakam & K. P. Sapna, 1996. "A lost sales (S — 1, S) perishable inventory system with renewal demand," Naval Research Logistics (NRL), John Wiley & Sons, vol. 43(1), pages 129-142, February.
    6. Howard J. Weiss, 1980. "Optimal Ordering Policies for Continuous Review Perishable Inventory Models," Operations Research, INFORMS, vol. 28(2), pages 365-374, April.
    7. Steven Nahmias, 1982. "Perishable Inventory Theory: A Review," Operations Research, INFORMS, vol. 30(4), pages 680-708, August.
    8. Ravichandran, N., 1995. "Stochastic analysis of a continuous review perishable inventory system with positive lead time and Poisson demand," European Journal of Operational Research, Elsevier, vol. 84(2), pages 444-457, July.
    9. Brant E. Fries, 1975. "Optimal Ordering Policy for a Perishable Commodity with Fixed Lifetime," Operations Research, INFORMS, vol. 23(1), pages 46-61, February.
    10. Steven Nahmias, 1978. "The Fixed-Charge Perishable Inventory Problem," Operations Research, INFORMS, vol. 26(3), pages 464-481, June.
    11. Carl R. Schultz, 1989. "Replenishment Delays for Expensive Slow-Moving Items," Management Science, INFORMS, vol. 35(12), pages 1454-1462, December.
    12. Steven Nahmias, 1977. "On Ordering Perishable Inventory when Both Demand and Lifetime are Random," Management Science, INFORMS, vol. 24(1), pages 82-90, September.
    13. Charles P. Schmidt & Steven Nahmias, 1985. "(S - 1, S) Policies for Perishable Inventory," Management Science, INFORMS, vol. 31(6), pages 719-728, June.
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    Cited by:

    1. Civelek, Ismail & Karaesmen, Itir & Scheller-Wolf, Alan, 2015. "Blood platelet inventory management with protection levels," European Journal of Operational Research, Elsevier, vol. 243(3), pages 826-838.
    2. Kopach, Renata & Balcioglu, Baris & Carter, Michael, 2008. "Tutorial on constructing a red blood cell inventory management system with two demand rates," European Journal of Operational Research, Elsevier, vol. 185(3), pages 1051-1059, March.
    3. Tomoaki Yamazaki & Keisuke Shida & Takashi Kanazawa, 2016. "An approach to establishing a method for calculating inventory," International Journal of Production Research, Taylor & Francis Journals, vol. 54(8), pages 2320-2331, April.
    4. van Donselaar, Karel H. & Broekmeulen, Rob A.C.M., 2012. "Approximations for the relative outdating of perishable products by combining stochastic modeling, simulation and regression modeling," International Journal of Production Economics, Elsevier, vol. 140(2), pages 660-669.
    5. Dehghani, Maryam & Abbasi, Babak, 2018. "An age-based lateral-transshipment policy for perishable items," International Journal of Production Economics, Elsevier, vol. 198(C), pages 93-103.
    6. Kouki, Chaaben & Jemaï, Zied & Minner, Stefan, 2015. "A lost sales (r, Q) inventory control model for perishables with fixed lifetime and lead time," International Journal of Production Economics, Elsevier, vol. 168(C), pages 143-157.
    7. Gorria, Carlos & Lezaun, Mikel & López, F. Javier, 2022. "Performance measures of nonstationary inventory models for perishable products under the EWA policy," European Journal of Operational Research, Elsevier, vol. 303(3), pages 1137-1150.
    8. Emre Berk & Ülkü Gürler & Saeed Poormoaied, 2020. "On the $$\varvec{(Q,r)}$$(Q,r) policy for perishables with positive lead times and multiple outstanding orders," Annals of Operations Research, Springer, vol. 284(1), pages 81-98, January.
    9. Pauls-Worm, Karin G.J. & Hendrix, Eligius M.T. & Haijema, René & van der Vorst, Jack G.A.J., 2014. "An MILP approximation for ordering perishable products with non-stationary demand and service level constraints," International Journal of Production Economics, Elsevier, vol. 157(C), pages 133-146.
    10. Bakker, Monique & Riezebos, Jan & Teunter, Ruud H., 2012. "Review of inventory systems with deterioration since 2001," European Journal of Operational Research, Elsevier, vol. 221(2), pages 275-284.
    11. Duan, Qinglin & Liao, T. Warren, 2013. "A new age-based replenishment policy for supply chain inventory optimization of highly perishable products," International Journal of Production Economics, Elsevier, vol. 145(2), pages 658-671.
    12. Haijema, René & Minner, Stefan, 2019. "Improved ordering of perishables: The value of stock-age information," International Journal of Production Economics, Elsevier, vol. 209(C), pages 316-324.
    13. Haijema, René & Minner, Stefan, 2016. "Stock-level dependent ordering of perishables: A comparison of hybrid base-stock and constant order policies," International Journal of Production Economics, Elsevier, vol. 181(PA), pages 215-225.
    14. Önal, Mehmet & Romeijn, H.Edwin & Sapra, Amar & van den Heuvel, Wilco, 2015. "The economic lot-sizing problem with perishable items and consumption order preference," European Journal of Operational Research, Elsevier, vol. 244(3), pages 881-891.
    15. Wang, Ke-Ming & Ma, Zu-Jun, 2015. "Age-based policy for blood transshipment during blood shortage," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 80(C), pages 166-183.
    16. Susan H. Xu & Zhaolin Li, 2007. "Managing a Single-Product Assemble-to-Order System with Technology Innovations," Management Science, INFORMS, vol. 53(9), pages 1467-1485, September.
    17. Kouki, Chaaben & Legros, Benjamin & Zied Babai, M. & Jouini, Oualid, 2020. "Analysis of base-stock perishable inventory systems with general lifetime and lead-time," European Journal of Operational Research, Elsevier, vol. 287(3), pages 901-915.
    18. Mahmut Parlar & David Perry & Wolfgang Stadje, 2011. "FIFO Versus LIFO Issuing Policies for Stochastic Perishable Inventory Systems," Methodology and Computing in Applied Probability, Springer, vol. 13(2), pages 405-417, June.
    19. Manish Shukla & Sanjay Jharkharia, 2014. "An inventory model for continuously deteriorating agri-fresh produce: an artificial immune system-based solution approach," International Journal of Integrated Supply Management, Inderscience Enterprises Ltd, vol. 9(1/2), pages 110-135.
    20. Aswin Dhamodharan & Ruben Proano, 2012. "Determining the optimal vaccine vial size in developing countries: a Monte Carlo simulation approach," Health Care Management Science, Springer, vol. 15(3), pages 188-196, September.
    21. Kouki, Chaaben & Jouini, Oualid, 2015. "On the effect of lifetime variability on the performance of inventory systems," International Journal of Production Economics, Elsevier, vol. 167(C), pages 23-34.
    22. Poormoaied, Saeed & Atan, Zümbül, 2020. "A multi-attribute utility theory approach to ordering policy for perishable items," International Journal of Production Economics, Elsevier, vol. 225(C).
    23. Kouki, Chaaben & Sahin, Evren & Jemaï, Zied & Dallery, Yves, 2013. "Assessing the impact of perishability and the use of time temperature technologies on inventory management," International Journal of Production Economics, Elsevier, vol. 143(1), pages 72-85.
    24. Jing Lu & Jianxiong Zhang & Fuxiao Lu & Wansheng Tang, 2020. "Optimal pricing on an age-specific inventory system for perishable items," Operational Research, Springer, vol. 20(2), pages 605-625, June.

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