Matches in SemOpenAlex for { <https://semopenalex.org/work/W3206357819> ?p ?o ?g. }
Showing items 1 to 58 of
58
with 100 items per page.
- W3206357819 abstract "We study joint replenishment and clearance policy for a perishable product with a general, finite lifetime using a periodic review model over a finite horizon such that the inventory is sold in a last-in, first-out (LIFO) manner. Further, the demand for inventory may depend on its age since customers may choose to walk away if the freshest available inventory is too old for them. The model seeks to optimize two decisions every period: how much of fresh inventory to order and how much of existing inventory to clear. The key objective of the model is to understand the effect of age-dependence of demand on the optimal replenishment and clearance policy.We find that the optimal policy when demand depends on age may diverge substantially from the optimal policy when demand is independent of age, though there exists a sufficient condition under which the structure of the optimal policy becomes identical in both scenarios for all units newer than a threshold age. Further, we show that the structure of the optimal policy for the inventory with one-period remaining lifetime may both simplify and complicate in terms of the number of indexes compared to when demand is independent of age. For the same set of results, we streamline a few arguments for the existing results that are derived assuming demand is independent of age. Finally, we briefly discuss an extension in which clearance is not possible." @default.
- W3206357819 created "2021-10-25" @default.
- W3206357819 creator A5023513158 @default.
- W3206357819 creator A5085300031 @default.
- W3206357819 date "2020-01-01" @default.
- W3206357819 modified "2023-09-23" @default.
- W3206357819 title "Optimal Replenishment and Clearance Policy for a Perishable Product with LIFO Issuing Policy and Age-Dependent Demand" @default.
- W3206357819 doi "https://doi.org/10.2139/ssrn.3668613" @default.
- W3206357819 hasPublicationYear "2020" @default.
- W3206357819 type Work @default.
- W3206357819 sameAs 3206357819 @default.
- W3206357819 citedByCount "0" @default.
- W3206357819 crossrefType "journal-article" @default.
- W3206357819 hasAuthorship W3206357819A5023513158 @default.
- W3206357819 hasAuthorship W3206357819A5085300031 @default.
- W3206357819 hasConcept C10138342 @default.
- W3206357819 hasConcept C149782125 @default.
- W3206357819 hasConcept C162324750 @default.
- W3206357819 hasConcept C175444787 @default.
- W3206357819 hasConcept C182306322 @default.
- W3206357819 hasConcept C2524010 @default.
- W3206357819 hasConcept C2777145635 @default.
- W3206357819 hasConcept C28761237 @default.
- W3206357819 hasConcept C33923547 @default.
- W3206357819 hasConcept C41008148 @default.
- W3206357819 hasConcept C48721391 @default.
- W3206357819 hasConcept C90673727 @default.
- W3206357819 hasConcept C9390403 @default.
- W3206357819 hasConceptScore W3206357819C10138342 @default.
- W3206357819 hasConceptScore W3206357819C149782125 @default.
- W3206357819 hasConceptScore W3206357819C162324750 @default.
- W3206357819 hasConceptScore W3206357819C175444787 @default.
- W3206357819 hasConceptScore W3206357819C182306322 @default.
- W3206357819 hasConceptScore W3206357819C2524010 @default.
- W3206357819 hasConceptScore W3206357819C2777145635 @default.
- W3206357819 hasConceptScore W3206357819C28761237 @default.
- W3206357819 hasConceptScore W3206357819C33923547 @default.
- W3206357819 hasConceptScore W3206357819C41008148 @default.
- W3206357819 hasConceptScore W3206357819C48721391 @default.
- W3206357819 hasConceptScore W3206357819C90673727 @default.
- W3206357819 hasConceptScore W3206357819C9390403 @default.
- W3206357819 hasLocation W32063578191 @default.
- W3206357819 hasOpenAccess W3206357819 @default.
- W3206357819 hasPrimaryLocation W32063578191 @default.
- W3206357819 hasRelatedWork W13735998 @default.
- W3206357819 hasRelatedWork W15814385 @default.
- W3206357819 hasRelatedWork W25416768 @default.
- W3206357819 hasRelatedWork W26481955 @default.
- W3206357819 hasRelatedWork W26926976 @default.
- W3206357819 hasRelatedWork W44539254 @default.
- W3206357819 hasRelatedWork W54438870 @default.
- W3206357819 hasRelatedWork W59057752 @default.
- W3206357819 hasRelatedWork W62664658 @default.
- W3206357819 hasRelatedWork W98802972 @default.
- W3206357819 isParatext "false" @default.
- W3206357819 isRetracted "false" @default.
- W3206357819 magId "3206357819" @default.
- W3206357819 workType "article" @default.