On the value of multi-echelon inventory management strategies for perishable items with on-/off-line channels

Gioia, Daniele Giovanni; Minner, Stefan

doi:10.1016/j.tre.2023.103354

Cited by 2 publications

(1 citation statement)

References 35 publications

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“…According to Andiraja and Agustina (2020) , there are two problem factors examined in formulating the inventory model (Lee et al, 2020;Rizqi and Khairunisa, 2020), namely deteri-oration or damage to goods and the level of demand for goods (Kumar et al, 2023;Pakhira et al, 2020;Priyan and Mala, 2020;Tiwari et al, 2018) and perishable which is unusability beyond a determined expiry date (Fan and Ou, 2023;Gioia and Minner, 2023;Mohamadi et al, 2024;Shah et al, 2023;Silbermayr and Waitz, 2024;Zhou et al, 2023). Deteriorating in inventory usually occurs due to the length of time when the goods are stored which causes losses, where there is a complete backlogging condition that occurs because the customer does not want to wait for orders to come and move to another company or the customer is willing to wait until the goods are available (Kumar et al, 2023;Lin and Wang, 2018;Pramanik and Maiti, 2019;Priyan and Mala, 2020;Tiwari et al, 2018).…”

Section: Introductionmentioning

confidence: 99%

Inventory Model for Deteriorating Pharmaceutical Items with Linear Demand Rate

Indrawati,

Puspita,

Supadi

et al. 2024

Sci. Technol. Indones

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Good management of goods is needed so that the inventory activities of a business can run smoothly as the part of supply chain management which aims to monitor the flow of stock of goods from the purchasing process, and storage to the point of sale. In terms of inventory or supplies of pharmaceutical goods, conditions such as shortages or stockouts must also be considered which are a matter of control, management, and security. In this study, an inventory model is formulated with deterioration or damage to pharmaceutical goods that occurs due to the length of time when the goods are stored with a linear demand level. In the optimal solution, the inventory time occurs when it reaches the zero point (t1) of 0.34 and the cycle length (T1) of 0.83 with an average minimum total cost (TC) of $445.25 per cycle which is completed by WolframAlpha software. Sensitivity analysis changes the value results in the value of (TC) which that increases for all parameters. In increasing the linear function variables (a and b), it produces t1 and T1 stable values. An increase in the cost of each item damage (DC) and constant damage rate (theta) produces a t1 stable value, but the value of T1 increases. The increase in storage costs (h) results in a decrease in the value of t1 and T1. An increase in the cost of shortages (s) results in an increase in the value of t1 and a decrease in the value of T1.

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Section: Introductionmentioning

confidence: 99%

Inventory Model for Deteriorating Pharmaceutical Items with Linear Demand Rate

Indrawati,

Puspita,

Supadi

et al. 2024

Sci. Technol. Indones

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A comprehensive review of current approaches on food waste reduction strategies

Urugo,

Teka,

Gemede

et al. 2024

Comp Rev Food Sci Food Safe

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Food waste is a serious worldwide issue that has an impact on the environment, society, and economy. This comprehensive review provides a detailed description of methods and approaches for reducing food waste, emphasizing the necessity of comprehensive strategies to tackle its intricate relationship with environmental sustainability, social equity, and economic prosperity. By scrutinizing the extent and impact of food waste, from initial production stages to final disposal, this comprehensive review underlines the urgent need for integrated solutions that include technological advancements, behavioral interventions, regulatory frameworks, and collaborative endeavors. Environmental assessments highlight the significant contribution of food waste to greenhouse gas emissions, land degradation, water scarcity, and energy inefficiency, thereby emphasizing the importance of curtailing its environmental impact. Concurrently, the social and economic consequences of food waste, such as food insecurity, economic losses, and disparities in food access, underscore the imperative for coordinated action across multiple sectors. Food waste can also be effectively reduced by various innovative approaches, such as technological waste reduction solutions, supply chain optimization strategies, consumer behavior‐focused initiatives, and waste recovery and recycling techniques. Furthermore, in order to foster an environment that encourages the reduction of food waste and facilitates the transition to a circular economy, legislative changes and regulatory actions are essential. By embracing these multifaceted strategies and approaches, stakeholders can unite to confront the global food waste crisis, thereby fostering resilience, sustainability, and social equity within our food systems.

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On the value of multi-echelon inventory management strategies for perishable items with on-/off-line channels

Cited by 2 publications

References 35 publications

Inventory Model for Deteriorating Pharmaceutical Items with Linear Demand Rate

Inventory Model for Deteriorating Pharmaceutical Items with Linear Demand Rate

A comprehensive review of current approaches on food waste reduction strategies

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