Periodic review inventory-control for perishable products under service-level constraints

A lost sales (r, Q) inventory control model for perishables with fixed lifetime and lead time

“…They proposed two modified based stock policies that achieve a gain of roughly 6% over the base stock policy. Minner and Transchel (2010) investigated a lost sales periodic-review inventory control system with positive lead time and negligible ordering cost. Their model operates both under the FIFO and LIFO issuing policies, i.e.…”

Stochastic Inventory Routing for Perishable Products

“…In practice, the average service level of perishables is estimated to be around 92% in Europe and the USA (Minner and Transchel 2010).…”

“…Some models deal with batch demands (Lian and Liu 1999) or batch orders (Broekmeulen and Van Donselaar 2009). Finally, service level is regarded as a constraint in some papers including Adachi et al (1999), Broekmeulen andVan Donselaar (2009), andTranschel (2010). The interested reader is referred to Goyal and Giri (2001), Karaesmen et al (2011), andNahmias (2011), for the review works on perishables.…”

A Theoretical Framework for Four Key Selected Determinants of Municipal Financial Performance

“…Through stock control, municipalities can be able to eliminate inventory losses such as stock deterioration and improper distribution of customer orders (Singh & Kumar, 2010). Minner & Transchel (2010) explained that a good stock control can improve performance. A need for stock control also includes that of separating the stocks by its nature.…”