Optimal inventory control policies for avoiding food waste

Ioannis Mallidis (), Nikolaos Sariannidis (), Dimitrios Vlachos, Volha Yakavenka (), Georgia Aifadopoulou and Konstantinos Zopounidis ()
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Ioannis Mallidis: Centre for Research and Technology Hellas - Hellenic Institute of Transport
Nikolaos Sariannidis: University of Western Macedonia
Dimitrios Vlachos: Aristotle University of Thessaloniki
Volha Yakavenka: Aristotle University of Thessaloniki
Georgia Aifadopoulou: Centre for Research and Technology Hellas - Hellenic Institute of Transport
Konstantinos Zopounidis: Technical University of Crete

Operational Research, 2022, vol. 22, issue 1, No 23, 685-701

Abstract: Abstract We develop and employ a socially responsible inventory model that determines an optimal order quantity and an optimal time instance of donation, taking into account, expectations on the net stock levels at the end of the order cycles. The optimized results of the policy are compared to those derived from the implementation of two currently applied policies namely the non-donation policy and the naive policy which involves the donation of a fixed amount of the company’s produce. A main insight revealed through the implementation of the proposed policies in a numerical experimentation indicates that the employment of the proposed donation policy could potentially lead to significantly higher expected profits compared to the other two policies.

Keywords: Inventory policies; Food waste; Donation (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s12351-020-00554-w

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