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

^*Corresponding author for this work

Research output: Contribution to book/anthology/report/conference proceeding › Article in proceeding › Research › 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.

Original language	English
Title of host publication	Advances in Production Management Systems. Towards Smart and Digital Manufacturing - IFIP WG 5.7 International Conference, APMS 2020, Proceedings
Editors	Bojan Lalic, Vidosav Majstorovic, Ugljesa Marjanovic, Gregor von Cieminski, David Romero
Number of pages	9
Publisher	Springer
Publication date	2020
Pages	640-648
ISBN (Print)	978-3-030-57996-8
ISBN (Electronic)	978-3-030-57997-5
DOIs	https://doi.org/10.1007/978-3-030-57997-5_74
Publication status	Published - 2020
Event	IFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2020 - Novi Sad, Serbia Duration: 30 Aug 2020 → 3 Sept 2020

Conference

Conference	IFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2020
Country/Territory	Serbia
City	Novi Sad
Period	30/08/2020 → 03/09/2020

Series	I F I P Advances in Information and Communication Technology
Volume	592
ISSN	1868-4238

Keywords

Inventory control
Perishable
Shelf-life
Substitution

Access to Document

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

AUB Link

Search for the material in Aalborg University Library's search engine

Cite this

Christensen, F. M. M., Steger-Jensen, K., & Dukovska-Popovska, I. (2020). Managing Perishable Multi-product Inventory with Supplier Fill-Rate, Price Reduction and Substitution. In B. Lalic, V. Majstorovic, U. Marjanovic, G. von Cieminski, & D. Romero (Eds.), Advances in Production Management Systems. Towards Smart and Digital Manufacturing - IFIP WG 5.7 International Conference, APMS 2020, Proceedings (pp. 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. editor / Bojan Lalic ; Vidosav Majstorovic ; Ugljesa Marjanovic ; Gregor von Cieminski ; David Romero. Springer, 2020. pp. 640-648 (I F I P Advances in Information and Communication Technology, Vol. 592).

@inproceedings{4fc0684eec574af58fa81b5bd5c8d24a,

title = "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.",

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",

year = "2020",

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

language = "English",

isbn = "978-3-030-57996-8",

series = "I F I P Advances in Information and Communication Technology",

publisher = "Springer",

pages = "640--648",

editor = "Bojan Lalic and Vidosav Majstorovic and Ugljesa Marjanovic and {von Cieminski}, Gregor and David Romero",

booktitle = "Advances in Production Management Systems. Towards Smart and Digital Manufacturing - IFIP WG 5.7 International Conference, APMS 2020, Proceedings",

address = "Germany",

}

Christensen, FMM , Steger-Jensen, K & Dukovska-Popovska, I 2020, Managing Perishable Multi-product Inventory with Supplier Fill-Rate, Price Reduction and Substitution. in B Lalic, V Majstorovic, U Marjanovic, G von Cieminski & D Romero (eds), 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, vol. 592, pp. 640-648, IFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2020, Novi Sad, Serbia, 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. ed. / Bojan Lalic; Vidosav Majstorovic; Ugljesa Marjanovic; Gregor von Cieminski; David Romero. Springer, 2020. p. 640-648 (I F I P Advances in Information and Communication Technology, Vol. 592).

Research output: Contribution to book/anthology/report/conference proceeding › Article in proceeding › Research › peer-review

TY - GEN

T1 - Managing Perishable Multi-product Inventory with Supplier Fill-Rate, Price Reduction and Substitution

AU - Christensen, Flemming Max Møller

AU - Steger-Jensen, Kenn

AU - Dukovska-Popovska, Iskra

PY - 2020

Y1 - 2020

N2 - 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.

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.

KW - Inventory control

KW - Perishable

KW - Shelf-life

KW - Substitution

UR - http://www.scopus.com/inward/record.url?scp=85090170919&partnerID=8YFLogxK

U2 - 10.1007/978-3-030-57997-5_74

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

M3 - Article in proceeding

AN - SCOPUS:85090170919

SN - 978-3-030-57996-8

T3 - I F I P Advances in Information and Communication Technology

SP - 640

EP - 648

BT - Advances in Production Management Systems. Towards Smart and Digital Manufacturing - IFIP WG 5.7 International Conference, APMS 2020, Proceedings

A2 - Lalic, Bojan

A2 - Majstorovic, Vidosav

A2 - Marjanovic, Ugljesa

A2 - von Cieminski, Gregor

A2 - Romero, David

PB - Springer

T2 - IFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2020

Y2 - 30 August 2020 through 3 September 2020

ER -

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

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

Abstract

Conference

Keywords

Access to Document

AUB Link

Other files and links

Fingerprint

Cite this