Modelling and Simulation of Fresh-Product Supply Chain Considering Random Circulation Losses

Xin Fang · Rui Wang · Fujiang Yuan · Jiapei CAI · Yinuo Wang

9 citations0/0 files storedInternational Journal of Simulation Modelling

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Supply Chain and Inventory Management Sustainable Supply Chain Management Food Supply Chain Traceability

Abstract

Random circulation losses of fresh products are also a great challenge that affects the decision-making of farmers and enterprises as well as the revenue management of both parties.Considering a freshproduct supply chain (FSC) comprising a single enterprise and a single farmer with random circulation losses, we explore the optimal ordering of the enterprise, optimal planting of the farmer, and risksharing mechanism of both participants.After modelling the optimal decision model of centralized FSC, we solve the optimal global solutions that exist uniquely.Then, a risk-sharing contract, called a wholesale price contract, is designed that can coordinate the decentralized FSC.Finally, a simulation of sensitivity analysis using MATLAB soft is figured out to explore the influence of random risks on the optimal solutions and the contract parameters.Furthermore, some conclusions and future researches are given.

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References

2013Agri‐fresh produce supply chain management: a state‐of‐the‐art literature review 2009Preservation technology investment for deteriorating inventory 2012The effect of preservation technology investment on a non-instantaneous deteriorating inventory model 2013Overview of coordination contracts within forward and reverse supply chains 2011An optimal replenishment policy for deteriorating items with effective investment in preservation technology 2012An inventory model for deteriorating items under stock-dependent demand and controllable deterioration rate 2015Optimal dynamic pricing and preservation technology investment for deteriorating products with reference price effects 2018Pricing, replenishment and preservation technology investment decisions for non-instantaneous deteriorating items

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