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Optimal inventory control policies for avoiding food waste

Author

Listed:
  • Ioannis Mallidis

    (Centre for Research and Technology Hellas - Hellenic Institute of Transport)

  • Nikolaos Sariannidis

    (University of Western Macedonia)

  • Dimitrios Vlachos

    (Aristotle University of Thessaloniki)

  • Volha Yakavenka

    (Aristotle University of Thessaloniki)

  • Georgia Aifadopoulou

    (Centre for Research and Technology Hellas - Hellenic Institute of Transport)

  • Konstantinos Zopounidis

    (Technical University of Crete)

Abstract

We develop and employ a socially responsible inventory model that determines an optimal order quantity and an optimal time instance of donation, taking into account, expectations on the net stock levels at the end of the order cycles. The optimized results of the policy are compared to those derived from the implementation of two currently applied policies namely the non-donation policy and the naive policy which involves the donation of a fixed amount of the company’s produce. A main insight revealed through the implementation of the proposed policies in a numerical experimentation indicates that the employment of the proposed donation policy could potentially lead to significantly higher expected profits compared to the other two policies.

Suggested Citation

  • Ioannis Mallidis & Nikolaos Sariannidis & Dimitrios Vlachos & Volha Yakavenka & Georgia Aifadopoulou & Konstantinos Zopounidis, 2022. "Optimal inventory control policies for avoiding food waste," Operational Research, Springer, vol. 22(1), pages 685-701, March.
    • Handle: RePEc:spr:operea:v:22:y:2022:i:1:d:10.1007_s12351-020-00554-w
    DOI: 10.1007/s12351-020-00554-w
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    References listed on IDEAS

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