Article ID: | iaor20021560 |
Country: | Netherlands |
Volume: | 134 |
Issue: | 2 |
Start Page Number: | 309 |
End Page Number: | 329 |
Publication Date: | Oct 2001 |
Journal: | European Journal of Operational Research |
Authors: | Berk Emre, Grler lk, Tekin Eylem |
Keywords: | deteriorating items |
In this study, we investigate the impact of modified lotsize-reorder control policy for perishables which bases replenishment decisions on both the inventory level and the remaining lifetimes of items in stock. We derive the expressions for the key operating characteristics of a lost sales perishable inventory model, operating under the proposed age-based policy, and examine the sensitivity of the optimal policy parameters with respect to various system parameters. We compare the performance of the suggested policy to that of the classical (