We explore the value of information (VOI) in the context of a retailer that provides a perishable product to consumers and receives replenishment from a single supplier. We assume a periodic review model with stochastic demand, lost sales, and order quantity restrictions. The product lifetime is fixed and deterministic once received by the retailer, although the age of replenished items provide...

Abstract— Perishable inventory constitute a large portion of the world economy and include virtually all foodstuffs, pharmaceuticals, fashion goods, electronic items, periodicals, digital goods and many more as they lose value with time due to deterioration and/or obsolescence. Retailers dealing with perishable goods have to consider the factors of short shelf life and the dependency of sales v...

Food insecurity is a mounting concern among Canadian post-secondary students. This study was conducted to evaluate the content of food hampers distributed by University of Alberta Campus Food Bank (CFB) and to assess the cost savings to students, using these hampers. Contents of hampers distributed among 1,857 students and their dependants since 2006 were evaluated against Canada's Food Guide (...

This study aimed to research if promotional activities on social media influence purchase choice decisions, consumers impulse buying, the price for perishable food items, like vegetables, fruits, beef, fish, and others during COVID-19 pandemics. Likewise, there are differences between original market of goods before pandemic online prices pandemic, investigate delivering consumer homes quantity...

This paper aims to investigate the integrated production/distribution and inventory planning for perishable products with fixed life time in the constant condition of storage throughout a two-echelon supply chain by integrating producers and distributors. This problem arises from real environment in which multi-plant with multi-function lines produce multi-perishable products with fixed life ti...

This article presents a perishable inventory system under continuous review at a service facility in which a waiting area for customers is of finite size M . The authors assume that the replenishment of inventory is instantaneous. The items of inventory have exponential life times. It is assumed that demand for the commodity is of unit size. The service starts only when the customer level reach...

The Internet of Things aims to connect networked information systems and real-world business processes. Technologies, such as barcodes, radio transponders (RFID) and wireless sensor networks, which are directly attached to physical items and assets transform objects into Smart Items. These Smart Items deliver the data to realize the accurate real-time representation of ’things’ within the infor...

The inventory management system plays a vital role in pharmaceutical industry. For every business, managing an is important whether it small or big, domestic international business. In company, the raw materials have expiry date associated with them so becomes to set minimal safety stock for such items. companies mostly try out keeping minimum of products which will help tracking our business e...