A Review and Reflection on Inventory Management of Perishable Products in a Single-echelon Model
| aut.researcher | Duong, Duong (Linh) | |
| dc.contributor.author | Duong, NKL | en_NZ |
| dc.contributor.author | Wood, LC | en_NZ |
| dc.contributor.author | Wang, W | en_NZ |
| dc.date.accessioned | 2015-06-04T04:25:49Z | |
| dc.date.available | 2015-06-04T04:25:49Z | |
| dc.date.copyright | 2015-05-01 | en_NZ |
| dc.date.issued | 2015-05-01 | en_NZ |
| dc.description.abstract | This paper reviews research on single-echelon inventory management of perishable products using the continuous replenishment model. A steady progression of research in this area has included of a range of parameters and is reaching a saturation point where models appear effective and cover a range of realistic situations for single-echelon management. However, research has rested on the assumption that a total cost or profit metric should be used when answering the replenishment questions of when and how much to order. This total cost metric is less appropriate when considering a holistic or systemic modelling of the company where the balance in measurements between departments and the continuous improvement are priority. From this perspective, we outline concerns with existing approaches using a total cost metric when applied to a company. Instead of using approximation methods to minimize total costs in a single department, managers should focus on multi-metric performance measures to improve system-wide results. In this paper, we present a method to compare the replenishment model using multi-metric performance measures and those with the traditional total cost measures. | en_NZ |
| dc.identifier.citation | International Journal of Operational Research, 2018 Vol.31 No.3, pp.313 - 329 | en_NZ |
| dc.identifier.issn | 1745-7645 | en_NZ |
| dc.identifier.issn | 1745-7653 | en_NZ |
| dc.identifier.uri | https://hdl.handle.net/10292/8829 | |
| dc.language | English | en_NZ |
| dc.publisher | Inderscience | en_NZ |
| dc.relation.uri | http://www.inderscience.com/info/ingeneral/forthcoming.php?jcode=ijor | en_NZ |
| dc.relation.uri | 10.1504/IJOR.2018.089734 | |
| dc.rights | Copyright © Inderscience Enterprises Ltd., 2015. Authors retain the right to place his/her pre-publication version of the work on a personal website or institutional repository for non commercial purposes. The definitive version was published in (see Citation). The original publication is available at (see Publisher's Version). | |
| dc.rights.accessrights | OpenAccess | en_NZ |
| dc.subject | Performance metrics; Inventory control; Perishability; Continuous review; Deterioration | |
| dc.title | A Review and Reflection on Inventory Management of Perishable Products in a Single-echelon Model | en_NZ |
| dc.type | Journal Article | |
| pubs.elements-id | 169703 | |
| pubs.organisational-data | /AUT | |
| pubs.organisational-data | /AUT/Business & Law | |
| pubs.organisational-data | /AUT/Business & Law/Business Information System |