A coordinated multi-item inventory system for perishables with random lifetime

Zied Jemai (zied.jemai@centralesupelec.fr), Chaaben Kouki, M Zied Babai, Stefan Minner and Zied Babai
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Zied Jemai: LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec
Chaaben Kouki: LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec

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Abstract: This paper considers the continuous review can-order ðs; c; SÞ policy for coordinating the replenishment of multiple perishable items with random lifetimes. For zero lead time, we model this inventory system as a Markov process. An iterative procedure is proposed to solve the joint replenishment problem for perishable items under positive lead time. We investigate the impact of perishability and cost parameters on the performance of the can-order policy and compare it to the optimal periodic review (s,S) policy.

Keywords: Perishable items; Joint replenishment; Continuous review (search for similar items in EconPapers)
Date: 2016-11
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Citations: View citations in EconPapers (13)

Published in International Journal of Production Economics, 2016, 181, pp.226 - 237. ⟨10.1016/j.ijpe.2016.01.013⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01672388

DOI: 10.1016/j.ijpe.2016.01.013

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