This paper studies a perishable inventory model, which assumes that each perishable item has finite lifetime, and only one item is consumed each time. The lifetimes of perishable items are independent random variables with the general distribution and so are the consumption internal. Under this assumption, by using backward equations and limit distribution of Markov skeleton processes, this pap...

Abstract Assume that customers are price sensitive, changes in the price of perishable products will bring changes in demand, and business can adjust the perishable products' price to influence the market demand, a perishable products multi-stage pricing model considering cancelations and no-shows is proposed, and the optimal pricing, the optimal expected revenue with the products' initial quan...

We study a supply chain network equilibrium model for perishable products under the theory of discrete choice models, which comprises multiple perishable product manufacturers, distributors and retailers. Our goal is to present equilibrium outputs for different firms in this supply chain network model for perishable products based on retailers’ utility maximization. The network model is built u...

One-sided auctions are used for trading perishable agricultural commodities because their production cost is already "sunk." Moreover, the promptness and simplicity of one-sided auctions are beneficial for trading in perishable commodities. However, sellers cannot participate in the price-making process in these auctions. A standard double auction market collects bids from both sides of traders...

A significant issue of the supply chain problem is how to integrate different entities. Managing supply chain is a difficult task because of complex integrations, especially when the products are perishable in nature. Little attention has been paid on ordering specific perishable products jointly in uncertain environment with multiple sources and multiple destinations. In this article, we propo...

by Anna-Lena Sachs : Retail Analytics: Integrated Forecasting and Inventory Management for Perishable Products in Retailing (Lecture Notes in Economics and Mathematical Systems) ISBN : #3319133047 | Date : 2014-12-18 Description : PDF-668c6 | This book addresses the challenging task of demand forecasting and inventory management in retailing. It analyzes how information from point-of-sale scann...

This paper develops EOQ-based models with perishable items to evaluate the impact of a form postponement strategy on the retailer in a supply chain. We formulate models for a postponement system and an independent system to minimize the total average cost function per unit time for ordering and keeping n perishable end-products. An algorithm is given to derive the optimal solutions of the propo...

This article discusses inventory management of perishable items, including the differences between inventory models that consider items’ perishability and the standard models that ignore this issue. We hope that this article will help fostering the interest of students and researchers in inventory control of perishable items, and ultimately help improving the inventory control of perishable ite...