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Econometric Estimation of Parameters of Preservation of Perishable Goods in Cold Logistic Chains

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  • Miroslav Verbic

    (Institute for Economic Research Ljubljana)

Abstract

Paper discusses the parameters of preservation of perishable goods in cold logistic chains. The key parameters are the intensity of deterioration of goods, the conservation effect of perishable goods and the delay of activation of the conservation effect. The values of these parameters tell us the quantity of the product being deteriorated in the logistic chain and the extent to which the deterioration can be alleviated. Econometric estimation thus presents us with the quantity effects of preservation procedures, whereas the financial effects can be derived using the proper price categories in the calculation of the net present value or the annuity stream. In this way one can determine whether the implementation of preservation procedures is more rational than the purchase of attainable insurance policy.

Suggested Citation

  • Miroslav Verbic, 2004. "Econometric Estimation of Parameters of Preservation of Perishable Goods in Cold Logistic Chains," Econometrics 0409002, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpem:0409002
    Note: Type of Document - pdf; pages: 18
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/em/papers/0409/0409002.pdf
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    References listed on IDEAS

    as
    1. Bogataj, Marija, 1996. "Inventories in spatial models," International Journal of Production Economics, Elsevier, vol. 45(1-3), pages 337-342, August.
    2. Robert W. Grubbström, 1967. "On The Application of the Laplace Transform to Certain Economic Problems," Management Science, INFORMS, vol. 13(7), pages 558-567, March.
    3. Bogataj, Marija, 1999. "Inventory allocation and customer travelling problem in spatial duopoly," International Journal of Production Economics, Elsevier, vol. 59(1-3), pages 271-279, March.
    4. Bogataj, Marija, 1994. "Optimal control of hereditary inventory systems with short-time conservation effects," International Journal of Production Economics, Elsevier, vol. 35(1-3), pages 241-244, June.
    5. Bogataj, Marija & Bogataj, Ludvik, 2004. "On the compact presentation of the lead times perturbations in distribution networks," International Journal of Production Economics, Elsevier, vol. 88(2), pages 145-155, March.
    6. Grubbstrom, Robert W., 1998. "A net present value approach to safety stocks in planned production," International Journal of Production Economics, Elsevier, vol. 56(1), pages 213-229, September.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Amin Ullah Khan & Yousaf Ali, 2021. "Sustainable supplier selection for the cold supply chain (CSC) in the context of a developing country," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(9), pages 13135-13164, September.
    2. Miroslav Verbic, 2006. "Discussing the parameters of preservation of perishable goods in a cold logistic chain model," Applied Economics, Taylor & Francis Journals, vol. 38(2), pages 137-147.

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    More about this item

    Keywords

    cold chains; Cold Chains Management; econometric estimation; intensity of deterioration; conservation effect; Input – Output analysis; Laplace transforms; MRP;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

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