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Optimal ordering, issuance and disposal policies for inventory management of perishable products

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  • Haijema, Rene

Abstract

Perishables, such as packed fresh food and pharmaceutical products (a.o. blood products), typically have a fixed shelf life set by a fixed use-by date or sell-by date. Despite their limited life time, orders in practice are usually based on the stock level irrespective of the ages of the products in stock. The management of inventories of such products can be improved by applying stock-age dependent ordering, issuing, and disposal policies.

Suggested Citation

  • Haijema, Rene, 2014. "Optimal ordering, issuance and disposal policies for inventory management of perishable products," International Journal of Production Economics, Elsevier, vol. 157(C), pages 158-169.
    • Handle: RePEc:eee:proeco:v:157:y:2014:i:c:p:158-169
    DOI: 10.1016/j.ijpe.2014.06.014
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    References listed on IDEAS

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    1. William P. Pierskalla & Chris D. Roach, 1972. "Optimal Issuing Policies for Perishable Inventory," Management Science, INFORMS, vol. 18(11), pages 603-614, July.
    2. Haijema, René, 2013. "A new class of stock-level dependent ordering policies for perishables with a short maximum shelf life," International Journal of Production Economics, Elsevier, vol. 143(2), pages 434-439.
    3. Cyrus Derman & Morton Klein, 1958. "Inventory Depletion Management," Management Science, INFORMS, vol. 4(4), pages 450-456, July.
    4. van Donselaar, K. & van Woensel, T. & Broekmeulen, R. & Fransoo, J., 2006. "Inventory control of perishables in supermarkets," International Journal of Production Economics, Elsevier, vol. 104(2), pages 462-472, December.
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    Cited by:

    1. Janssen, Larissa & Claus, Thorsten & Sauer, Jürgen, 2016. "Literature review of deteriorating inventory models by key topics from 2012 to 2015," International Journal of Production Economics, Elsevier, vol. 182(C), pages 86-112.
    2. 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.
    3. Esha Saha & Pradip Kumar Ray, 2019. "Modelling and analysis of healthcare inventory management systems," OPSEARCH, Springer;Operational Research Society of India, vol. 56(4), pages 1179-1198, December.
    4. Masoumi, Amir H. & Yu, Min & Nagurney, Anna, 2017. "Mergers and acquisitions in blood banking systems: A supply chain network approach," International Journal of Production Economics, Elsevier, vol. 193(C), pages 406-421.
    5. Janssen, Larissa & Diabat, Ali & Sauer, Jürgen & Herrmann, Frank, 2018. "A stochastic micro-periodic age-based inventory replenishment policy for perishable goods," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 118(C), pages 445-465.
    6. Wu, Ting & Shen, Houcai & Zhu, Cheng, 2015. "A multi-period location model with transportation economies-of-scale and perishable inventory," International Journal of Production Economics, Elsevier, vol. 169(C), pages 343-349.
    7. Oh, Yosep & Behdad, Sara, 2017. "Simultaneous reassembly and procurement planning in assemble-to-order remanufacturing systems," International Journal of Production Economics, Elsevier, vol. 184(C), pages 168-178.
    8. Yang, Ya & Chi, Huihui & Tang, Ou & Zhou, Wei & Fan, Tijun, 2019. "Cross perishable effect on optimal inventory preservation control," European Journal of Operational Research, Elsevier, vol. 276(3), pages 998-1012.
    9. Chua, Geoffrey A. & Mokhlesi, Reza & Sainathan, Arvind, 2017. "Optimal Discounting and Replenishment Policies for Perishable Products," International Journal of Production Economics, Elsevier, vol. 186(C), pages 8-20.
    10. Tromp, Seth-Oscar & Haijema, René & Rijgersberg, Hajo & van der Vorst, Jack G.A.J., 2016. "A systematic approach to preventing chilled-food waste at the retail outlet," International Journal of Production Economics, Elsevier, vol. 182(C), pages 508-518.
    11. Chen, Zhixiang, 2018. "Optimization of production inventory with pricing and promotion effort for a single-vendor multi-buyer system of perishable products," International Journal of Production Economics, Elsevier, vol. 203(C), pages 333-349.
    12. 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.
    13. Chen, Zhixiang, 2019. "Reprint of “Optimization of production inventory with pricing and promotion effort for a single-vendor multi-buyer system of perishable products”," International Journal of Production Economics, Elsevier, vol. 209(C), pages 285-301.
    14. Ranveer Singh Rana & Dinesh Kumar & Kanika Prasad, 2022. "Two warehouse dispatching policies for perishable items with freshness efforts, inflationary conditions and partial backlogging," Operations Management Research, Springer, vol. 15(1), pages 28-45, June.

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