In this paper, we examine the research and results of dynamic pricing policies and their relation to revenue management. The survey is based on a generic revenue management problem in which a perishable and nonrenewable set of resources satisfy stochastic pricesensitive demand processes over a finite period of time. In this class of problems, the owner (or the seller) of these resources uses th...

C a retailer who sells perishable seasonal products with uncertain demand. Due to the short sales season and long replenishment lead times associated with such products, the retailer is unable to update demand forecasts by using actual sales data generated from the early part of the season and to respond by replenishing stocks during the season. To overcome this limitation, we examine the case ...

This study dives deep into a lateral supply chain network for perishable food products and aims to determine optimal re-order order up levels multiple e-groceries within common using simulation-based optimization technique. The algorithm minimize the average inventory carried while accounting parameters like reduced wastage, improved customer satisfaction level, limited number of replenishments.

We are concerned about the following problem: a manufacturer owns a certain amount of perishable raw material which can be produced into different types of products. He must, however, finish the manufacturing process before a deadline (which represents, e.g., a fixed flight schedule). Due to the deadline constraint and the raw material limit, it is imperative for the manufacturer to determine t...

In any supply chain, distribution planning of products is of great importance to managers. With effective and flexible distribution planning, mangers can increase the efficiency of time, place, and delivery utility of whole supply chain. In this paper, inventory routing problem (IRP) is applied to distribution planning of perishable products in a supply chain. The studied supply chain is compos...

Supply chain network design in perishable product has become a challenging task due to its short life time, spoilage of product in degradation nature and stochastic market demand. This paper focused on designing and optimizing model for perishable product in stochastic demand, which comprises multiple levels from producer, local collector, wholesaler and retailers. The ultimate goal is to optim...

Recently, market globalization and competition have forced companies to find alternative means to boost sales and revenue. The use of the cash flow is increasingly becoming a viable alternative for managers to improve their company’s profitability in a supply chain. In today’s business transactions, a supplier usually asks a manufacturer to pay via the advance-cash-credit (ACC) payment scheme i...

it is assumed in most of the existing models that the items can be stored for an unlimited time to meet the future’s demand and their quality and quantity does not change during that period. nevertheless there are special kinds of products which deteriorate or become unusable (such as food products, alcohol, medicines, etc.). therefore if the rate of deterioration is significantly high, the imp...

We address the value of information (VOI) and value of centralized control (VCC) in the context of a two–echelon, serial supply chain with one retailer and one supplier that provides a single perishable product to consumers. Our analysis is relevant for managing slow moving perishable products with fixed lot sizes and expiration dates of a week or less. We evaluate two supply chain structures. ...