Two-Stage Perishable Inventory Models

Chon-Huat Goh, Betsy S. Greenberg and Hirofumi Matsuo
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Chon-Huat Goh: College of Business and Economics, University of Kentucky, Lexington, Kentucky 40506-0034
Betsy S. Greenberg: College of Business Administration, CBA 5.202, University of Texas at Austin, Austin, Texas 78712-1175

Management Science, 1993, vol. 39, issue 5, 633-649

Abstract: In this paper we consider perishable inventory systems with two types of demand. Demand may be for either fresh items or for somewhat older items. We model the system with two inventory stages. The first stage holds fresh items and the second stage holds the older items. We approximate the performance of the two-stage inventory system and compare two managerial policies.

Keywords: inventory: perishable/aging items; queues; reneging; batch/bulk (search for similar items in EconPapers)
Date: 1993
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Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:39:y:1993:i:5:p:633-649

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