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.
|Conference||IFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2020|
|Period||30/08/2020 → 03/09/2020|
|Series||I F I P Advances in Information and Communication Technology|
- Inventory control