Review of inventory systems with deterioration since 2001

Bakker, M. de; Riezebos, Jan; Teunter, Ruud H.

doi:10.1016/j.ejor.2012.03.004

Cited by 548 publications

(255 citation statements)

References 220 publications

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“…Since 2001, more than 200 articles have been published discussing how to model and control perishable inventory control [20]. When considering inventory models for perishables, two types that focus on deterioration (as either fixed, age-or inventory-dependent lifetime) and demand (as either stochastic or deterministic) come into view.…”

Section: Shelf-life-based Cold Chain Optimizationmentioning

confidence: 99%

“…At individual warehouses or distribution centres (DCs), which serve as a hub to other warehouses, this process has often been mastered and tailored to the individual product and/or asset being handled. That is, the strategy adopted will have to consider (i) the product deterioration rate and (ii) product demand [20].…”

Section: Warehouse Management For Perishables (A) Different Strategiesmentioning

confidence: 99%

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Shelf life modelling for first-expired-first-out warehouse management

Hertog

Uysal

Carthy

et al. 2014

Phil. Trans. R. Soc. A.

105

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In the supply chain of perishable food products, large losses are incurred between farm and fork. Given the limited land resources and an ever-growing population, the food supply chain is faced with the challenge of increasing its handling efficiency and minimizing post-harvest food losses. Huge value can be added by optimizing warehouse management systems, taking into account the estimated remaining shelf life of the product, and matching it to the requirements of the subsequent part of the handling chain. This contribution focuses on how model approaches estimating quality changes and remaining shelf life can be combined in optimizing first-expired-first-out cold chain management strategies for perishable products. To this end, shelf-life-related performance indicators are used to introduce remaining shelf life and product quality in the cost function when optimizing the supply chain. A combinatorial exhaustive-search algorithm is shown to be feasible as the complexity of the optimization problem is sufficiently low for the size and properties of a typical commercial cold chain. The estimated shelf life distances for a particular batch can thus be taken as a guide to optimize logistics.

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Section: Shelf-life-based Cold Chain Optimizationmentioning

confidence: 99%

Section: Warehouse Management For Perishables (A) Different Strategiesmentioning

confidence: 99%

Shelf life modelling for first-expired-first-out warehouse management

Hertog

Uysal

Carthy

et al. 2014

Phil. Trans. R. Soc. A.

105

View full text Add to dashboard Cite

show abstract

“…To date, very few studies on deteriorating inventory in twoechelon systems have been carried out (see Bakker, Riezebos, & Teunter, 2012;Goyal & Giri, 2001;Li, Lan, & Mawhinney, 2010;Nahmias, 1982;Raafat, 1991). Considering the general product and deteriorating items, it can be said that deteriorating product literature is still in its infancy and has a long way to go compared to the maturity acquired by general product supply chain literature.…”

Section: Introductionmentioning

confidence: 99%

“…In stochastic models however there are models with an objective function on service level. For a more thorough survey of deteriorating item models see Nahmias (1982), Raafat (1991), Goyal and Giri (2001), Li et al (2010) and Bakker et al (2012).…”

Section: Introductionmentioning

confidence: 99%

A two-echelon inventory model for a deteriorating item with stock-dependent demand, partial backlogging and capacity constraints

Ghiami

Williams

2013

European Journal of Operational Research

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“…The inventory of deteriorating items was first studied by Whitin (1957) in which he considered the fashion goods as deteriorating items. Further there are several researcher who gave different inventory model of deteriorating item under different realistic situations, the reader may refer the review paper on inventory of deteriorating items of Raafat (1991), Goyal and Giri (2003), Li et al (2010) and Bakker et al (2012) and Khanlarzade et al (2014) for detailed review of the literature of inventory of deteriorating items. Recently, Taleizadeh (2014a, b) gave economic order quantity model for deteriorating and evaporating items with consecutive and advanced payment, respectively.…”

Section: Introductionmentioning

confidence: 99%

Optimal ordering quantities for substitutable deteriorating items under joint replenishment with cost of substitution

Mishra

2017

J Ind Eng Int

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In this paper we develop an inventory model, to determine the optimal ordering quantities, for a set of two substitutable deteriorating items. In this inventory model the inventory level of both items depleted due to demands and deterioration and when an item is out of stock, its demands are partially fulfilled by the other item and all unsatisfied demand is lost. Each substituted item incurs a cost of substitution and the demands and deterioration is considered to be deterministic and constant. Items are order jointly in each ordering cycle, to take the advantages of joint replenishment. The problem is formulated and a solution procedure is developed to determine the optimal ordering quantities that minimize the total inventory cost. We provide an extensive numerical and sensitivity analysis to illustrate the effect of different parameter on the model. The key observation on the basis of numerical analysis, there is substantial improvement in the optimal total cost of the inventory model with substitution over without substitution.

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Review of inventory systems with deterioration since 2001

Cited by 548 publications

References 220 publications

Shelf life modelling for first-expired-first-out warehouse management

Shelf life modelling for first-expired-first-out warehouse management

A two-echelon inventory model for a deteriorating item with stock-dependent demand, partial backlogging and capacity constraints

Optimal ordering quantities for substitutable deteriorating items under joint replenishment with cost of substitution

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