Joint inventory and transshipment control for perishable products of a two-period lifetime

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[1] Cheong, Taesu
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Cheong, T. (isects@nus.edu.sg) | 1600年 / Springer London卷 / 66期
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We analyze the impact of transshipments among retailers on their inventory replenishment decisions when products are perishable. Previous studies have shown that transshipments improve their operational efficiencies through inventory reallocation. However; these studies have not investigated transshipments for perishable products having a limited lifetime. In this paper; we consider a centrally managed firm owning several retail stores; which coordinates their replenishment policies along with the utilization of transshipments for perishable goods of a two-period lifetime. For this; the single-period planning horizon is analyzed; with a general solution approach for the optimal replenishment and transshipment decisions. We further present a designated solution approach for a two-location system as a special case and illustrate numerical examples in order to highlight the potential value of implementing transshipments for perishable products. © 2012 Springer-Verlag London Limited;
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