IDEAS home Printed from https://ideas.repec.org/a/spr/operea/v25y2025i2d10.1007_s12351-025-00933-1.html
   My bibliography  Save this article

A new replenishment policy based on product age for blood inventory management considering blockchain

Author

Listed:
  • Azam Modares

    (Ferdowsi University of Mashhad)

  • Nasser Motahari Farimani

    (Ferdowsi University of Mashhad)

  • Farzad Dehghanian

    (Ferdowsi University of Mashhad)

Abstract

Effective blood inventory management is essential for maintaining adequate supply levels while minimizing costs, particularly due to the perishable nature of blood products. The primary challenge is to balance supply levels with the expiration dates of blood products to minimize waste and enhance efficiency. This study explores the potential of blockchain technology to optimize communication between vendors and retailers, thereby improving inventory management in vendor-managed inventory (VMI) systems. We also investigate optimal replenishment strategies regarding the timing and quantity of blood products with varying shelf lives. Two inventory policies are analyzed: the Optimized Priority (OP) policy, which prioritizes selling products based on profitability, and the Old-First (OF) policy, which prioritizes selling older products first to reduce waste. Our findings indicate that while the OF policy effectively minimizes waste-related costs, the OP policy maximizes profitability. Sensitivity analysis further reveals that higher levels of blockchain adoption can lead to a reduction in optimal order quantities. This study highlights how blockchain technology can enhance the efficiency of VMI systems for perishable goods, offering strategic insights for its implementation in supply chain management.

Suggested Citation

  • Azam Modares & Nasser Motahari Farimani & Farzad Dehghanian, 2025. "A new replenishment policy based on product age for blood inventory management considering blockchain," Operational Research, Springer, vol. 25(2), pages 1-55, June.
    • Handle: RePEc:spr:operea:v:25:y:2025:i:2:d:10.1007_s12351-025-00933-1
    DOI: 10.1007/s12351-025-00933-1
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s12351-025-00933-1
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s12351-025-00933-1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:operea:v:25:y:2025:i:2:d:10.1007_s12351-025-00933-1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.