Perishable Inventory Systems

  • Steven Nahmias

Part of the International Series in Operations Research & Management Science book series (ISOR, volume 160)

Table of contents

  1. Front Matter
    Pages i-xii
  2. Steven Nahmias
    Pages 1-7
  3. Steven Nahmias
    Pages 9-14
  4. Steven Nahmias
    Pages 33-40
  5. Steven Nahmias
    Pages 41-48
  6. Steven Nahmias
    Pages 49-54
  7. Steven Nahmias
    Pages 55-60
  8. Steven Nahmias
    Pages 61-64
  9. Steven Nahmias
    Pages 65-69
  10. Steven Nahmias
    Pages 71-71
  11. Back Matter
    Pages 73-80

About this book

Introduction

A perishable item is one that has constant utility up until an expiration date (which may be known or uncertain), at which point the utility drops to zero. This includes many types of packaged foods such as milk, cheese, processed meats, and canned goods. It also includes virtually all pharmaceuticals and photographic film, as well as whole blood supplies. This book is the first devoted solely to perishable inventory systems.

The book’s ten chapters first cover the preliminaries of periodic review versus continuous review and look at a one-period newsvendor perishable inventory model.  The author moves to the basic multiperiod dynamic model, and then considers the extensions of random lifetime, inclusion of a set-up cost, and multiproduct models of perishables.  A chapter on continuous review models looks at one-for-one policies, models with zero lead time, optimal policies with positive lead time, and an alternative approach. 

Additional chapters present material on approximate order policies, inventory depletion management, and deterministic models, including the basic EOQ model with perishability and the dynamic deterministic model with perishability. Finally, chapters explore decaying inventories, queues with impatient customers, and blood bank inventory control.

Anyone researching perishable inventory systems will find much to work with here.  Practitioners and consultants will also now have a single well-referenced source of up-to-date information to work with.

Keywords

Blood Bank Inventory Continuous Review Multiperiod Dynamic Model Operations Research Periodic Review Perishable Inventory Queueing Systems

Authors and affiliations

  • Steven Nahmias
    • 1
  1. 1.OMIS DepartmentSanta Clara UniversitySanta ClaraUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4419-7999-5
  • Copyright Information Springer Science+Business Media, LLC 2011
  • Publisher Name Springer, Boston, MA
  • eBook Packages Business and Economics
  • Print ISBN 978-1-4419-7998-8
  • Online ISBN 978-1-4419-7999-5
  • Series Print ISSN 0884-8289
  • About this book