Optimal Ordering Policy for a Perishable Commodity with Fixed Lifetime

Brant E. Fries
Additional contact information
Brant E. Fries: Columbia University, New York, New York

Operations Research, 1975, vol. 23, issue 1, 46-61

Abstract: This paper extends the classical single-item, multiperiod inventory model of A rrow , K arlin , and S carf to the case where a good in storage perishes exactly l periods after its receipt on order. Units are followed from the time they are purchased and enter the inventory until they are either issued or perish. For general l the paper obtains the optimal policy recursively and derives several properties of the solution.

Date: 1975
References: Add references at CitEc
Citations: View citations in EconPapers (70)

Downloads: (external link)
http://dx.doi.org/10.1287/opre.23.1.46 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:23:y:1975:i:1:p:46-61

Access Statistics for this article

More articles in Operations Research from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().