Inventory Policies for Multi-product Inventory Systems with Perishable and Non-perishable Components PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Inventory Policies for Multi-product Inventory Systems with Perishable and Non-perishable Components PDF full book. Access full book title Inventory Policies for Multi-product Inventory Systems with Perishable and Non-perishable Components by Suriawati Sahari. Download full books in PDF and EPUB format.
Author: Suriawati Sahari
Publisher:
ISBN:
Category : Inventory control
Languages : en
Pages :
Get Book Here
Book Description
Author: Suriawati Sahari
Publisher:
ISBN:
Category : Inventory control
Languages : en
Pages :
Get Book Here
Book Description
Author: Steven Nahmias
Publisher: Springer Science & Business Media
ISBN: 1441979999
Category : Business & Economics
Languages : en
Pages : 89
Get Book Here
Book Description
A perishable item is one that has constant utility up until an expiration date (which may be known or uncertain), at which point the utility drops to zero. This includes many types of packaged foods such as milk, cheese, processed meats, and canned goods. It also includes virtually all pharmaceuticals and photographic film, as well as whole blood supplies. This book is the first devoted solely to perishable inventory systems. The book’s ten chapters first cover the preliminaries of periodic review versus continuous review and look at a one-period newsvendor perishable inventory model. The author moves to the basic multiperiod dynamic model, and then considers the extensions of random lifetime, inclusion of a set-up cost, and multiproduct models of perishables. A chapter on continuous review models looks at one-for-one policies, models with zero lead time, optimal policies with positive lead time, and an alternative approach. Additional chapters present material on approximate order policies, inventory depletion management, and deterministic models, including the basic EOQ model with perishability and the dynamic deterministic model with perishability. Finally, chapters explore decaying inventories, queues with impatient customers, and blood bank inventory control. Anyone researching perishable inventory systems will find much to work with here. Practitioners and consultants will also now have a single well-referenced source of up-to-date information to work with.
Author: Venkata Sree Raghuram Madduri
Publisher:
ISBN:
Category :
Languages : en
Pages : 147
Get Book Here
Book Description
The retail food industry has sales of over a trillion dollars. Most of these products are perishable in nature. This thesis deals with the development of multi period ordering policies for the perishable products with fixed shelf lives and finite replenishment lead times. In this thesis, simple ordering policies are developed by modifying the traditional EOQ model and base stock policies. The performance of both, the continuous review and periodic review policies, when applied to the perishable products with a fixed shelf life, is evaluated. Two categories of products--one with short shelf lives and another with long shelf lives are considered. Within each category, the shelf life, lead time, order quantity and review periods are varied. For a given shelf life and lead time, the best review periods and order quantities are identified. Both the continuous review and periodic review policies are evaluated using simulation models under three different distributions of demand, using cost and service levels as performance metrics. From the results of the simulations, the impact of product perishability on the EOQ ordering policies is studied. In the periodic review policy, it was found that the traditional EOQ base stock policy is optimal for the perishable products in almost all cases. For the continuous review policy, while perishability was not a factor, an increment of the computed EOQ value was found to be optimal due to lead time consideration. In general, with the proper choice of review periods and order quantities, the EOQ policies that are optimal for the non perishable products can also be used for the perishable products. Comparisons are also done between the relative performances of the periodic and continuous review policies. Overall, the continuous review policy gave a lower cost of operation for similar customer responsiveness measures.
Author: Bryan L. Deuermeyer
Publisher:
ISBN:
Category : Inventory control
Languages : en
Pages : 31
Get Book Here
Book Description
Author: Julian Keilson
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Leroy B. Schwarz
Publisher: North Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 416
Get Book Here
Book Description
Author: Hsiang-Chun Yen
Publisher:
ISBN:
Category : Blood banks
Languages : en
Pages : 150
Get Book Here
Book Description
Author: Paolo Taticchi
Publisher: Springer Science & Business Media
ISBN: 3642370187
Category : Business & Economics
Languages : en
Pages : 295
Get Book Here
Book Description
Sustainability is one of the key issues in today’s society, as confirmed by the increasing attention of governments, media, academia and the industry. In the context of sustainable development, businesses that are often referred to as part of the problem can become part of the solution. This book presents the state of the art of sustainability in corporations from a number of perspectives, which include: economy, finance, measurement and reporting, organizing for sustainability, green products, green buildings and IT. The individual chapters provide valuable insights for pursuing future research and define a proper research agenda for the years to come. Further, the relevance of the topics addressed makes the book essential reading for academics, practitioners, consultants and more generally, for all those interested in business evolution and sustainability. The book was written by prominent researchers from Italy, India, the USA and the UK.
Author: Hailun Zhang
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
Perishable inventory problems have a long history and involve two fundamental decisions, how much to order and how much old inventory to clear before expiration, that are known to be difficult to optimize due to the curse of dimensionality. Most early work ignores the clearance decision and focuses solely on the ordering decision until recently where heuristic clearance policies have been developed. In this paper, we approach the problem from a different angle by exploring its asymptotic behavior, i.e., perishability can be ignored in many cases and hence clearance of inventory is not necessary except at the beginning of the planning horizon when a system is large enough. Inspired by such asymptotic behavior, we examine simple policies that ignore clearance under minor conditions and establish theoretical bounds for them. The bounds not only vanish asymptotically, but also indicate a system size required to guarantee any given optimality gap. Numerical studies suggest that such policies can work very well for systems with reasonable sizes and practical management of complex perishable inventory systems is not so much harder than that of non-perishable ones.
Author: Jing-Sheng J. Song
Publisher: Edward Elgar Publishing
ISBN: 180037710X
Category : Technology & Engineering
Languages : en
Pages : 565
Get Book Here
Book Description
This comprehensive Handbook provides an overview of state-of-the-art research on quantitative models for inventory management. Despite over half a century’s progress, inventory management remains a challenge, as evidenced by the recent Covid-19 pandemic. With an expanse of world-renowned inventory scholars from major international research universities, this Handbook explores key areas including mathematical modelling, the interplay of inventory decisions and other business decisions and the unique challenges posed to multiple industries.
