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

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Abstrakt

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.

OriginalsprogEngelsk
TitelAdvances in Production Management Systems. Towards Smart and Digital Manufacturing - IFIP WG 5.7 International Conference, APMS 2020, Proceedings
RedaktørerBojan Lalic, Vidosav Majstorovic, Ugljesa Marjanovic, Gregor von Cieminski, David Romero
Antal sider9
ForlagSpringer
Publikationsdato2020
Sider640-648
ISBN (Trykt)978-3-030-57996-8
ISBN (Elektronisk)978-3-030-57997-5
DOI
StatusUdgivet - 2020
BegivenhedIFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2020 - Novi Sad, Serbien
Varighed: 30 aug. 20203 sep. 2020

Konference

KonferenceIFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2020
Land/OmrådeSerbien
ByNovi Sad
Periode30/08/202003/09/2020
NavnI F I P Advances in Information and Communication Technology
Vol/bind592
ISSN1868-4238

Bibliografisk note

Publisher Copyright:
© 2020, IFIP International Federation for Information Processing.

Copyright:
Copyright 2020 Elsevier B.V., All rights reserved.

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