Order-sizing in replenishment planning and control for perishable products is studied in grocery retail context. There is a need for age-based policies that consider multiple products, the impact from price reduction (due to close-to-expiration), and product substitution in order to reduce waste, increase availability and improve freshness. This study develops a theoretical extension to known EWA-models considering positive and/or negative interdependence in substitution between products, impact from price reduction and expired products, as well as the inventory impact from other products safety stocks.
CITATION STYLE
Christensen, F. M. M., Steger-Jensen, K., & Dukovska-Popovska, I. (2020). Managing Perishable Multi-product Inventory with Supplier Fill-Rate, Price Reduction and Substitution. In IFIP Advances in Information and Communication Technology (Vol. 592 IFIP, pp. 640–648). Springer. https://doi.org/10.1007/978-3-030-57997-5_74
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