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Modelling two-echelon serial inventory systems with perishable items

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Author

Summary, in English

This paper deals with a continuous review, two-echelon serial (two locations) inventory system with perishable items. Transportation times and the lifetime of items are fixed. When the age of an item has reached its lifetime, the item is useless and consequently discarded from the system. The downstream location faces Poisson demand, and demand that cannot be met immediately is backordered. In this paper, we develop an efficient approximate technique for evaluation of (S-1, S) policies. In a simulation study, we evaluate the quality of our approximation. The results reveal that our approximate technique works well in most cases.

Publishing year

2010

Language

English

Pages

1-17

Publication/Series

IMA Journal of Management Mathematics

Volume

21

Issue

1

Document type

Journal article

Publisher

Oxford University Press

Topic

  • Transport Systems and Logistics
  • Probability Theory and Statistics

Keywords

  • multi-echelon
  • inventory control
  • stochastic
  • perishable items

Status

Published

ISBN/ISSN/Other

  • ISSN: 1471-678X