A model for fresh produce shelf-space allocation and inventory management with freshness-condition-dependent demand

Asignificant amount of work has investigated inventory control problems associated with fresh produce. Much of this work has considered deteriorating inventory control with many models having been proposed for various situations. However, no researchers have specifically studied fresh produce, which...

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Main Authors: Bai, Ruibin, Kendall, Graham
Format: Article
Published: INFORMS 2008
Subjects:
Online Access:https://eprints.nottingham.ac.uk/47513/
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author Bai, Ruibin
Kendall, Graham
author_facet Bai, Ruibin
Kendall, Graham
author_sort Bai, Ruibin
building Nottingham Research Data Repository
collection Online Access
description Asignificant amount of work has investigated inventory control problems associated with fresh produce. Much of this work has considered deteriorating inventory control with many models having been proposed for various situations. However, no researchers have specifically studied fresh produce, which has its own special characteristics. Most research categorizes fresh produce into more general deteriorating categories with random lifetimes and nondecaying utilities. However, this classification is not reasonable or practical because the freshness of an item usually plays an important role in influencing the demand for the produce. In this paper, a single-period inventory and shelf-space allocation model is proposed for fresh produce. These items usually have a very short lifetime. The demand rate is assumed to be deterministic and dependent on both the displayed inventory (the number of facings of items on the shelves) and the items' freshness condition (which decreases over time). Several problem instances of different sizes are provided and solved by a modified generalized reduced gradient algorithm.
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spelling nottingham-475132020-05-04T16:27:15Z https://eprints.nottingham.ac.uk/47513/ A model for fresh produce shelf-space allocation and inventory management with freshness-condition-dependent demand Bai, Ruibin Kendall, Graham Asignificant amount of work has investigated inventory control problems associated with fresh produce. Much of this work has considered deteriorating inventory control with many models having been proposed for various situations. However, no researchers have specifically studied fresh produce, which has its own special characteristics. Most research categorizes fresh produce into more general deteriorating categories with random lifetimes and nondecaying utilities. However, this classification is not reasonable or practical because the freshness of an item usually plays an important role in influencing the demand for the produce. In this paper, a single-period inventory and shelf-space allocation model is proposed for fresh produce. These items usually have a very short lifetime. The demand rate is assumed to be deterministic and dependent on both the displayed inventory (the number of facings of items on the shelves) and the items' freshness condition (which decreases over time). Several problem instances of different sizes are provided and solved by a modified generalized reduced gradient algorithm. INFORMS 2008-02-01 Article PeerReviewed Bai, Ruibin and Kendall, Graham (2008) A model for fresh produce shelf-space allocation and inventory management with freshness-condition-dependent demand. INFORMS Journal on Computing, 20 (1). pp. 78-85. ISSN 1091-9856 Inventory; Shelf-space allocation; Fresh produce; Optimization https://doi.org/10.1287/ijoc.1070.0219 doi:10.1287/ijoc.1070.0219 doi:10.1287/ijoc.1070.0219
spellingShingle Inventory; Shelf-space allocation; Fresh produce; Optimization
Bai, Ruibin
Kendall, Graham
A model for fresh produce shelf-space allocation and inventory management with freshness-condition-dependent demand
title A model for fresh produce shelf-space allocation and inventory management with freshness-condition-dependent demand
title_full A model for fresh produce shelf-space allocation and inventory management with freshness-condition-dependent demand
title_fullStr A model for fresh produce shelf-space allocation and inventory management with freshness-condition-dependent demand
title_full_unstemmed A model for fresh produce shelf-space allocation and inventory management with freshness-condition-dependent demand
title_short A model for fresh produce shelf-space allocation and inventory management with freshness-condition-dependent demand
title_sort model for fresh produce shelf-space allocation and inventory management with freshness-condition-dependent demand
topic Inventory; Shelf-space allocation; Fresh produce; Optimization
url https://eprints.nottingham.ac.uk/47513/
https://eprints.nottingham.ac.uk/47513/
https://eprints.nottingham.ac.uk/47513/