A novel model for the calculation of safety stock of perishables products with a total waste constraint
[ X ]
Tarih
2023
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
University of Cincinnati
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Perishable products cover a high percentage of all goods. The variability, long lead times, risk period, and high service level increase the safety stock level. An increase in safety stock will also increase the probability of perished products because of the increased probability of sales of less than stock during shelf life. This study proposes a model for calculating safety stocks of perishable products besides showing the effect of perishability on service level. The effects of long lead times, risk periods, high sales and lead-time variance, and short shelf life adversely affect perished products. The study investigates and proposes a novel model for calculating total expected waste and costs with a waste quantity constraint. A real-life example compares a proposed model with waste constraints and the traditional safety stock model based on costs and waste quantity. The case study shows the better results of the proposed models.
Açıklama
Anahtar Kelimeler
Inventory Management, Perishable Inventory, Safety Stock, Shelf Life, Waste Reduction
Kaynak
International Journal of Industrial Engineering : Theory Applications and Practice
WoS Q Değeri
Q4
Scopus Q Değeri
Q3
Cilt
30
Sayı
2
Künye
Yigit, F., & Esnaf, S. (2023). A novel model for the calculation of safety stock of perishables products with a total waste constraint. International Journal of Industrial Engineering: Theory, Applications and Practice, 30(2), 506-521. 10.23055/ijietap.2023.30.2.8035
