SOME PROPERTIES OF PERISHABLE INVENTORY CONTROL SUBJECT TO STOCHASTIC LEADTIME

Toyokazu Nose · Hiroaki Ishii · Toshio Nishida

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

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Supply Chain and Inventory Management Management and Optimization Techniques Optimization and Search Problems

Abstract

This paper discusses the problem of determining the optimal ordering policies and their properties with respect to a fixed-life perishable commodity subject to stochastic procurement leadtime. In addition, set-up cost for placing an order is introduced. Again, several properties of optimal ordering policies are derived. Finally, some further research problems are discussed.

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References

1975Optimal Ordering Policies for Perishable Inventory—II 1975Optimal Ordering Policy for a Perishable Commodity with Fixed Lifetime 1973Optimal ordering policies for a product that perishes in two periods subject to stochastic demand 1963Inventory control for perishable commodities 1964Some Results Concerning Optimum Inventory Policies 1978The Fixed-Charge Perishable Inventory Problem

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