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

Research output: Contribution to book/anthology/report/conference proceedingArticle in proceedingResearchpeer-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 languageEnglish
Title of host publicationAdvances in Production Management Systems. Towards Smart and Digital Manufacturing - IFIP WG 5.7 International Conference, APMS 2020, Proceedings
EditorsBojan Lalic, Vidosav Majstorovic, Ugljesa Marjanovic, Gregor von Cieminski, David Romero
Number of pages9
PublisherSpringer
Publication date2020
Pages640-648
ISBN (Print)978-3-030-57996-8
ISBN (Electronic)978-3-030-57997-5
DOIs
Publication statusPublished - 2020
EventIFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2020 - Novi Sad, Serbia
Duration: 30 Aug 20203 Sep 2020

Conference

ConferenceIFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2020
Country/TerritorySerbia
CityNovi Sad
Period30/08/202003/09/2020
SeriesI F I P Advances in Information and Communication Technology
Volume592
ISSN1868-4238

Keywords

  • Inventory control
  • Perishable
  • Shelf-life
  • Substitution

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