An (r, Q) inventory policy for perishable products having a fixed lifetime

Zied Jemai (), Chaaben Kouki, Evren Sahin () and Y. Dallery
Additional contact information
Zied Jemai: LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec
Evren Sahin: LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec
Y. Dallery: LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec

Post-Print from HAL

Abstract: This paper deals with the inventory control of perishable products having a fixed lifetime. In the first part of the paper, we review the relevant literature on the problem of determining appropriate ordering policies for fixed life perishable inventory. Then, we propose a continuous review inventory policy; i.e. an (r, Q) policy, extending an earlier investigation (i.e. Chiu, 1995). Expressions of the different components of the expected total cost are derived and the problem of finding the optimal replenishment level r and the optimal incoming quantity Q is formulated. A comparative numerical study shows that the model we propose significantly outperforms the classical (r, Q) policy and Chiu's model.

Date: 2008-03-31
References: Add references at CitEc
Citations:

Published in 7ème conférence internationale de modélisation et simulation (MOSIM), Mar 2008, Paris, France

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:hal:journl:hal-01672446

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().