Survey of Literature on Continuously Deteriorating Inventory Models
01 Jan 1991-Journal of the Operational Research Society (Taylor & Francis)-Vol. 42, Iss: 1, pp 27-37
TL;DR: A complete and up-to-date survey of published inventory literature for the deteriorating (decaying) inventory models and a classification scheme is presented along with suggestions for future research.
Abstract: This paper presents a complete and up-to-date survey of published inventory literature for the deteriorating (decaying) inventory models. More specifically, those papers are addressed that consider the effect of deterioration as a function of the on-hand level of inventory. The basic features, extensions and generalization of various models are discussed. A classification scheme is presented along with suggestions for future research.
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TL;DR: The motivations, extensions and generalizations of various models in each sub-class have been discussed in brief to bring out pertinent information regarding model developments in the last decade.
1,247 citations
TL;DR: In this paper, the authors provide a methodology to model food quality degradation in such a way that it can be integrated in a mixed-integer linear programming model used for production and distribution planning.
547 citations
TL;DR: In this paper, the authors present an up-to-date review of the advances made in the field of inventory control of perishable items (deteriorating inventory) and use the classification of Goyal and Giri based on shelf life characteristics and demand characteristics.
546 citations
TL;DR: This paper reviews quantitative operations management approaches to food distribution management, and relates this to challenges faced by the industry, with main focus on three aspects: food quality, food safety, and sustainability.
Abstract: The management of food distribution networks is receiving more and more attention, both in practice and in the scientific literature. In this paper, we review quantitative operations management approaches to food distribution management, and relate this to challenges faced by the industry. Here, our main focus is on three aspects: food quality, food safety, and sustainability. We discuss the literature on three decision levels: strategic network design, tactical network planning, and operational transportation planning. For each of these, we survey the research contributions, discuss the state of the art, and identify challenges for future research.
463 citations
Cites methods from "Survey of Literature on Continuousl..."
...For a discussion of this body of literature, we refer to the seminal papers by Nahmias (1982), Raafat(1991) andGoyal and Giri(2001), and the recent review byKaraesmen et al. (2011)....
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...For a discussion of this body of literature, we refer to the seminal papers by Nahmias (1982), Raafat (1991) and Goyal and Giri (2001), and the recent review by Karaesmen et al. (2011)....
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TL;DR: A literature review of the fresh produce supply chain management (FSCM) is presented in this article, where the main interest is towards consumer satisfaction and revenue maximization with post-harvest waste reduction being a secondary objective.
Abstract: Purpose – The purpose of this paper is to present a literature review of the fresh produce supply chain management (FSCM). FSCM includes the processes from the production to consumption of fresh produce (fruits, flowers and vegetables).Design/methodology/approach – Literature review is done by systematically collecting the existing literature over a period of 20 years (1989‐2009) and classifying it on the basis of structural attributes such as problem context, methodology and the product under consideration. The literature is also categorized according to the geographic region and year of publication.Findings – There is an increase in interest towards FSCM still there is an absence of a journal with the prime attention towards FSCM. The key finding of this review is that the main interest is towards consumer satisfaction and revenue maximization with post‐harvest waste reduction being a secondary objective. It is revealed from the review that most of the literature is fragmented and is in silos. Lack of d...
362 citations
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TL;DR: This paper reviews the relevant literature on the problem of determining suitable ordering policies for both fixed life perishable inventory, and inventory subject to continuous exponential decay and considers both deterministic and stochastic demand for single and multiple products.
Abstract: This paper reviews the relevant literature on the problem of determining suitable ordering policies for both fixed life perishable inventory, and inventory subject to continuous exponential decay. We consider both deterministic and stochastic demand for single and multiple products. Both optimal and sub-optimal order policies are discussed. In addition, a brief review of the application of these models to blood bank management is included. The review concludes with a discussion of some of the interesting open research questions in the area.
1,115 citations
TL;DR: In this paper, an inventory model is considered for deteriorating items with a variable rate of deterioration, where deterioration means decay, damage or spoilage such that the item cannot be used for its original purpose.
Abstract: An inventory model is considered for deteriorating items with a variable rate of deterioration, where deterioration means decay, damage or spoilage such that the item cannot be used for its original purpose. Specifically, the Weibull distribution is used to represent the distribution of the time to deterioration. The EOQ formula is derived under conditions of constant demand, instantaneous delivery and no shortages, and it is shown that the results can be related to previously developed simpler models. A computer program is developed to provide the numerical solution and a numerical example is used to show the solution form and verify that the solution gives minimum total cost per unit time. An economic lot size model has been developed for situation in which the deterioration follows a Weibull distribution. The theoretical derivation was shown to reduce to the previous model found by Ghare and Schrader when the deterioration was exponential in nature and to a non deteriorating EOQ model when det...
705 citations
TL;DR: In this article, an EOQ model is reconsidered in which the demand rate is changing linearly with time and the deterioration is assumed to be a constant fraction of the onhand inventory.
Abstract: An EOQ model is reconsidered here in which the demand rate is changing linearly with time and the deterioration is assumed to be a constant fraction of the onhand inventory The planning horizon is finite and known and the replenishment periods are assumed to be constant The problem is to find the optimal number of replenishments, which are instantaneous When there is no deterioration, the model developed is related to the corresponding model for nondeteriorating items An example followed by sensitivity analysis is given to illustrate the derived results
424 citations
TL;DR: In this paper, a production lot size model for an inventory system with deteriorating items was developed for both the varying and constant rate of deterioration, and a numerical example was solved to show the impact of deterioration.
Abstract: SUMMARY A production lot size model has been developed for an inventory system with deteriorating items. Both the varying and constant rate of deterioration have been included in the analysis. For the case of a varying rate, it seems impossible to obtain a simple expression for the production lot size, so a numerical method has been suggested. For the constant rate of deterioration case, an approximate expression has been derived for the production lot size. Finally, a numerical example is solved to show the impact of deterioration.
349 citations