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

Flemming Max Møller Christensen; Kenn Steger-Jensen; Iskra Dukovska-Popovska

doi:10.1007/978-3-030-57997-5_74

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

Flemming Max Møller Christensen^*, Kenn Steger-Jensen, Iskra Dukovska-Popovska

^*Kontaktforfatter

Publikation: Bidrag til bog/antologi/rapport/konference proceeding › Konferenceartikel i proceeding › Forskning › peer review

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.

Originalsprog	Engelsk
Titel	Advances in Production Management Systems. Towards Smart and Digital Manufacturing - IFIP WG 5.7 International Conference, APMS 2020, Proceedings
Redaktører	Bojan Lalic, Vidosav Majstorovic, Ugljesa Marjanovic, Gregor von Cieminski, David Romero
Antal sider	9
Forlag	Springer
Publikationsdato	2020
Sider	640-648
ISBN (Trykt)	978-3-030-57996-8
ISBN (Elektronisk)	978-3-030-57997-5
DOI	https://doi.org/10.1007/978-3-030-57997-5_74
Status	Udgivet - 2020
Begivenhed	IFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2020 - Novi Sad, Serbien Varighed: 30 aug. 2020 → 3 sep. 2020

Konference

Konference	IFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2020
Land/Område	Serbien
By	Novi Sad
Periode	30/08/2020 → 03/09/2020

Navn	I F I P Advances in Information and Communication Technology
Vol/bind	592
ISSN	1868-4238

Bibliografisk note

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

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

Adgang til dokumentet

10.1007/978-3-030-57997-5_74

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Citationsformater

Christensen, F. M. M., Steger-Jensen, K., & Dukovska-Popovska, I. (2020). Managing Perishable Multi-product Inventory with Supplier Fill-Rate, Price Reduction and Substitution. I B. Lalic, V. Majstorovic, U. Marjanovic, G. von Cieminski, & D. Romero (red.), Advances in Production Management Systems. Towards Smart and Digital Manufacturing - IFIP WG 5.7 International Conference, APMS 2020, Proceedings (s. 640-648). Springer. https://doi.org/10.1007/978-3-030-57997-5_74

Christensen, Flemming Max Møller ; Steger-Jensen, Kenn ; Dukovska-Popovska, Iskra. / Managing Perishable Multi-product Inventory with Supplier Fill-Rate, Price Reduction and Substitution. Advances in Production Management Systems. Towards Smart and Digital Manufacturing - IFIP WG 5.7 International Conference, APMS 2020, Proceedings. red. / Bojan Lalic ; Vidosav Majstorovic ; Ugljesa Marjanovic ; Gregor von Cieminski ; David Romero. Springer, 2020. s. 640-648 (I F I P Advances in Information and Communication Technology, Bind 592).

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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.",

keywords = "Inventory control, Perishable, Shelf-life, Substitution",

author = "Christensen, {Flemming Max M{\o}ller} and Kenn Steger-Jensen and Iskra Dukovska-Popovska",

note = "Publisher Copyright: {\textcopyright} 2020, IFIP International Federation for Information Processing. Copyright: Copyright 2020 Elsevier B.V., All rights reserved.; IFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2020 ; Conference date: 30-08-2020 Through 03-09-2020",

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doi = "10.1007/978-3-030-57997-5_74",

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Christensen, FMM , Steger-Jensen, K & Dukovska-Popovska, I 2020, Managing Perishable Multi-product Inventory with Supplier Fill-Rate, Price Reduction and Substitution. i B Lalic, V Majstorovic, U Marjanovic, G von Cieminski & D Romero (red), Advances in Production Management Systems. Towards Smart and Digital Manufacturing - IFIP WG 5.7 International Conference, APMS 2020, Proceedings. Springer, I F I P Advances in Information and Communication Technology, bind 592, s. 640-648, IFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2020, Novi Sad, Serbien, 30/08/2020. https://doi.org/10.1007/978-3-030-57997-5_74

Managing Perishable Multi-product Inventory with Supplier Fill-Rate, Price Reduction and Substitution. / Christensen, Flemming Max Møller ; Steger-Jensen, Kenn ; Dukovska-Popovska, Iskra.
Advances in Production Management Systems. Towards Smart and Digital Manufacturing - IFIP WG 5.7 International Conference, APMS 2020, Proceedings. red. / Bojan Lalic; Vidosav Majstorovic; Ugljesa Marjanovic; Gregor von Cieminski; David Romero. Springer, 2020. s. 640-648 (I F I P Advances in Information and Communication Technology, Bind 592).

Publikation: Bidrag til bog/antologi/rapport/konference proceeding › Konferenceartikel i proceeding › Forskning › peer review

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AB - 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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Christensen FMM , Steger-Jensen K , Dukovska-Popovska I. Managing Perishable Multi-product Inventory with Supplier Fill-Rate, Price Reduction and Substitution. I Lalic B, Majstorovic V, Marjanovic U, von Cieminski G, Romero D, red., Advances in Production Management Systems. Towards Smart and Digital Manufacturing - IFIP WG 5.7 International Conference, APMS 2020, Proceedings. Springer. 2020. s. 640-648. (I F I P Advances in Information and Communication Technology, Bind 592). doi: 10.1007/978-3-030-57997-5_74

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

Abstract

Konference

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