Managing Perishable Multi-product Inventory with Supplier Fill-Rate, Price Reduction and Substitution - Advances in Production Management Systems. Towards Smart and Digital Manufacturing Access content directly
Conference Papers Year : 2020

Managing Perishable Multi-product Inventory with Supplier Fill-Rate, Price Reduction and Substitution

Abstract

Order-sizing in replenishment planning and control for perishable products is studied in grocery retail context. There is a need for age-based policies that consider multiple products, the impact from price reduction (due to close-to-expiration), and product substitution in order to reduce waste, increase availability and improve freshness. This study develops a theoretical extension to known EWA-models considering positive and/or negative interdependence in substitution between products, impact from price reduction and expired products, as well as the inventory impact from other products safety stocks.
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hal-03635642 , version 1 (20-06-2023)

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Flemming Christensen, Kenn Steger-Jensen, Iskra Dukovska-Popovska. Managing Perishable Multi-product Inventory with Supplier Fill-Rate, Price Reduction and Substitution. IFIP International Conference on Advances in Production Management Systems (APMS), Aug 2020, Novi Sad, Serbia. pp.640-648, ⟨10.1007/978-3-030-57997-5_74⟩. ⟨hal-03635642⟩
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