An optimal replenishment policy for deteriorating items with effective investment in preservation technology

Dye, Chung-Yuan; Hsieh, Tsu-Pang

doi:10.1016/j.ejor.2011.10.016

Cited by 169 publications

(94 citation statements)

References 12 publications

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“…Hsu et al [16] presented a model using preservation technology. Dye and Hsieh [12] developed an optimal replenishment policy for deteriorating items with effective investment in preservation technology. Dye [11] studied the effect of preservation technology investment in a non-instantaneous deteriorating inventory model.…”

Section: Introductionmentioning

confidence: 99%

An inventory model for deteriorating items under trapezoidal type demand and controllable deterioration rate

Mishra

2015

Prod. Eng. Res. Devel.

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In this paper, an attempt is made to characterize the preservation technology for deteriorating items in order to reduce the deterioration rate. This model assumes a deteriorating inventory model with trapezoidal type demand by allowing preservation technology cost as a decision variable. Holding cost is assumed to be a time dependent. The model with no shortage case in inventory is first solved. The inventory shortage is discussed next. A solution procedure is presented to determine an optimal replenishment cycle and total cost per unit time, which is a convex function of preservation technology cost. Results have been validated with relevant examples. Sensitivity analysis is performed to show the effect of changes in the parameters on the optimum solution. The analysis of the model shows that the solution of the model is quite stable and can be applied for optimizing the total inventory cost of deteriorating items inventory for the business enterprises where they use the preservation technology to reduce the deterioration rate of the inventory items.

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Section: Introductionmentioning

confidence: 99%

An inventory model for deteriorating items under trapezoidal type demand and controllable deterioration rate

Mishra

2015

Prod. Eng. Res. Devel.

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“…In addition, the retailer is allowed to reduce the rate of product deterioration by investing on the preservation technology. Wee et al (2010) then extended the model developed by Hsieh and Dye (2012). In this model they assumed that the preservation technology cost was a function of the length of replenishment cycle.…”

Section: Introductionmentioning

confidence: 99%

A reverse logistic inventory model for imperfect production process with preservation technology investment under learning and inflationary environment

Jawla¹,

Singh²

2016

10.5267/j.uscm

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This paper presents a unified multi items general inventory model for integrated production of new items and remanufacturing of returned and defected items for a finite planning horizon. In this paper, a production model that takes into account learning, instantaneous deterioration rate and inflation is proposed. In addition, we also consider that the holding cost is a non-negative, non-decreasing and continuous function of time. In this model, the preservation technology is used to reduce the rate of product deterioration. A theory is developed to find the optimal solution of the proposed model; it is then exemplified with the help of several numerical examples. An efficient solution procedure is also provided to find the optimal strategy. Finally, sensitivity of the optimal solution to changes in the values of different parameters of the system and the convexities of the cost functions are also studied and represented through the graphs.

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“…Dye and Hsieh [13] assumed that the deterioration cost is associated with both the preservation investment and the time instance. The objective is to find the optimal replenishment and preservation technology investment strategies while maximizing the total profit per unit time over the infinite planning horizon.…”

Section: Single Level Supply Chain Inventory Modelsmentioning

confidence: 99%

Quality and Operations Management in Food Supply Chains: A Literature Review

Huang

et al. 2018

Journal of Food Quality

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We present a literature review on quality and operations management problems in food supply chains. In food industry, the quality of the food products declines over time and should be addressed in the supply chain operations management. Managing food supply chains with operations management methods not only generates economic benefit, but also contributes to environmental and social benefits. The literature on this topic has been burgeoning in the past few years. Since 2005, more than 100 articles have been published on this topic in major operations research and management science journals. In this literature review, we concentrate on the quantitative models in this research field and classify the related articles into four categories, that is, storage problems, distribution problems, marketing problems, and food traceability and safety problems. We hope that this review serves as a reference for interested researchers and a starting point for those who wish to explore it further.

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An optimal replenishment policy for deteriorating items with effective investment in preservation technology

Cited by 169 publications

References 12 publications

An inventory model for deteriorating items under trapezoidal type demand and controllable deterioration rate

An inventory model for deteriorating items under trapezoidal type demand and controllable deterioration rate

A reverse logistic inventory model for imperfect production process with preservation technology investment under learning and inflationary environment

Quality and Operations Management in Food Supply Chains: A Literature Review

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