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A coordinated multi-item inventory system for perishables with random lifetime

Author

Listed:
  • Zied Jemai

    (LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec)

  • Chaaben Kouki

    (LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec)

  • M Zied Babai
  • Stefan Minner

    (Department of Business Administration - Universität Wien = University of Vienna)

  • Zied Babai

Abstract

This paper considers the continuous review can-order ðs; c; SÞ policy for coordinating the replenishment of multiple perishable items with random lifetimes. For zero lead time, we model this inventory system as a Markov process. An iterative procedure is proposed to solve the joint replenishment problem for perishable items under positive lead time. We investigate the impact of perishability and cost parameters on the performance of the can-order policy and compare it to the optimal periodic review (s,S) policy.

Suggested Citation

  • Zied Jemai & Chaaben Kouki & M Zied Babai & Stefan Minner & Zied Babai, 2016. "A coordinated multi-item inventory system for perishables with random lifetime," Post-Print hal-01672388, HAL.
    • Handle: RePEc:hal:journl:hal-01672388
    DOI: 10.1016/j.ijpe.2016.01.013
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    Cited by:

    1. Kouki, Chaaben & Babai, M. Zied & Minner, Stefan, 2018. "On the benefit of dual-sourcing in managing perishable inventory," International Journal of Production Economics, Elsevier, vol. 204(C), pages 1-17.
    2. Avinadav, Tal, 2020. "The effect of decision rights allocation on a supply chain of perishable products under a revenue-sharing contract," International Journal of Production Economics, Elsevier, vol. 225(C).
    3. Özgün Turgut & Florian Taube & Stefan Minner, 2018. "Data-driven retail inventory management with backroom effect," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 40(4), pages 945-968, October.
    4. Y. Barron, 2019. "A state-dependent perishability (s, S) inventory model with random batch demands," Annals of Operations Research, Springer, vol. 280(1), pages 65-98, September.
    5. Jiseong Noh & Jong Soo Kim & Seung-June Hwang, 2020. "A Multi-Item Replenishment Problem with Carbon Cap-and-Trade under Uncertainty," Sustainability, MDPI, vol. 12(12), pages 1-15, June.
    6. Luo Renfei & Huang Jiedan & Lee Jimmy & Pun Philip, 2018. "A Case Study of Supply Chain Management in a Manufacturing Company in China," Nang Yan Business Journal, Sciendo, vol. 6(1), pages 1-20, June.
    7. Jian Zhang & Shuang He & Juliang Zhang & T. C. Edwin Cheng, 2020. "Purchase and retrieval competition for seasonal produce," Naval Research Logistics (NRL), John Wiley & Sons, vol. 67(3), pages 161-184, April.
    8. Hanukov, Gabi & Avinadav, Tal & Chernonog, Tatyana & Yechiali, Uri, 2020. "A service system with perishable products where customers are either fastidious or strategic," International Journal of Production Economics, Elsevier, vol. 228(C).
    9. Liu, Hengyu & Zhang, Juliang & Zhou, Chen & Ru, Yihong, 2018. "Optimal purchase and inventory retrieval policies for perishable seasonal agricultural products," Omega, Elsevier, vol. 79(C), pages 133-145.
    10. Gong, Min & Lian, Zhaotong & Xiao, Hua, 2022. "Inventory control policy for perishable products under a buyback contract and Brownian demands," International Journal of Production Economics, Elsevier, vol. 251(C).
    11. Hanukov, Gabi, 2022. "Improving efficiency of service systems by performing a part of the service without the customer's presence," European Journal of Operational Research, Elsevier, vol. 302(2), pages 606-620.
    12. Zhao, Yan & Li, Yanhui & Yao, Qi & Guan, Xu, 2023. "Dual-channel retailing strategy vs. omni-channel buy-online-and-pick-up-in-store behaviors with reference freshness effect," International Journal of Production Economics, Elsevier, vol. 263(C).
    13. Zhang, Ren-Qian & Yi, Meng & Wang, Qi-Qi & Xiang, Chen, 2018. "Polynomial algorithm of inventory model with complete backordering and correlated demand caused by cross-selling," International Journal of Production Economics, Elsevier, vol. 199(C), pages 193-198.
    14. Gabi Hanukov, 2023. "A queueing-inventory model with skeptical and trusting customers," Annals of Operations Research, Springer, vol. 331(2), pages 763-786, December.
    15. Gharbi, Ali & Kenné, Jean-Pierre & Kaddachi, Rawia, 2022. "Dynamic optimal control and simulation for unreliable manufacturing systems under perishable product and shelf life variability," International Journal of Production Economics, Elsevier, vol. 247(C).

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