Inventory and shelf-space optimization for fresh produce with expiration date under freshness-and-stock-dependent demand rate.
Sheng-Chih ChenJie MinJinn-Tsair TengFuan LiPublished in: J. Oper. Res. Soc. (2016)
Keyphrases
- inventory level
- lead time
- spare parts
- inventory management
- inventory control
- lost sales
- inventory policy
- search space
- dynamic pricing
- stochastic demand
- optimization model
- response time
- long run
- production inventory
- bullwhip effect
- lot size
- optimization algorithm
- optimization problems
- demand forecasting
- production rate
- revenue management
- customer demand
- profit maximization
- inventory systems
- state dependent
- service level
- stock market
- supply chain
- single stage
- order quantity
- single item
- multi item
- inventory models
- planning horizon
- single period
- base stock policy
- total cost
- optimal policy