PERISHABLE INVENTORY PROBLEM WITH TWO TYPES OF CUSTOMERS AND DIFFERENT SELLING PRICES

Hiroaki Ishii

18 citations0/0 files storedJournal of the Operations Research Society of Japan

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Supply Chain and Inventory Management Consumer Market Behavior and Pricing Sustainable Supply Chain Management

Abstract

This paper discusses an inventory control model for a single perishable product with two types of customers and different selling prices. This model is a one period horizon model and a generalization of Nahmias model [2] and Nose, et al. model [6] . Especially the model takes sensitive customers to freshness of commodities into consideration and treats two types of customers. Moreover, in the model there exist different, selling prices according to the remaining lifetime of commodity to be sold. In the situation, an optimal ordering policy to maximize the expected profit is derived.

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References

1982Perishable Inventory Theory: A Review 1981Operating Characteristics of an Inventory System with Rationing 1978The Fixed-Charge Perishable Inventory Problem 1981Perishable inventory management subject to stochastic leadtime

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2010Managing Perishable and Aging Inventories: Review and Future Research Directions

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