A returns policy for distribution channel coordination of perishable items

European Journal of Operational Research

Volumn 152, Issue 3, 2004, Pages 770-780

  Hahn, Kyu Hun ^a   Hwang, Hark ^b   Shinn, Seong Whan ^c  

^a Samsung Advanced Institute of Technology (SAIT)   (South Korea)

^b Korea Advanced Institute of Science and Technology (KAIST)   (South Korea)

^c Cheju Halla University   (South Korea)

Author keywords

FIFO; LIFO; Periodic review inventory model; Perishable product; Returns policy

Indexed keywords

ALGORITHMS; INVENTORY CONTROL; NUMERICAL METHODS; PRODUCT DEVELOPMENT;

PERISHABLE ITEMS;

OPERATIONS RESEARCH;

EID: 0141964116     PISSN: 03772217     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0377-2217(02)00753-1     Document Type: Article

References (17)

1. Abad P.L. Determining optimal selling price and lot size when the supplier offers all-unit quantity discount. Decision Sciences. 19:1988;622-634.
2. Al-Sultan K.S., Al-Fawzan M.A. A tabu search Hooke and Jeeves algorithm for unconstrained optimization. European Journal of Operational Research. 103(1):1997;198-208.
3. Baker R.C., Urban T.L. A deterministic inventory system with an inventory-level-dependent demand rate. Journal of the Operational Research Society. 39(9):1988;823-831.
4. Datta T.K., Pal A.K. A note an inventory model with inventory-level dependent rate. Journal of the Operational Research Society. 41(10):1990;971-975.
5. Fries B.E. Optimal ordering policy for a perishable commodity with fixed lifetime. Operations Research. 23(1):1975;46-61.
6. Hwang H., Hahn K.H. An optimal procurement policy for item with an inventory-level-dependent demand rate and fixed life time. European Journal of Operational Research. 127(3):2000;537-545.
7. Lambert D.M., Stock J.R., Ellram L.M. Fundamentals of Logistics Management. 1998;McGraw-Hill, New York.
8. Lee W.J. Determining order quantity and selling price by geometric programming: Optimal solution, bounds, and sensitivity. Decision Sciences. 24:1993;76-87.
9. Levin R.I., McLaughlin C.P., Lamone R.P., Kottas J.F. Productions/Operations Management: Contemporary Policy for Managing Operating Systems. 1972;McGraw-Hill, New York.
10. Nandakumar P., Morton T.E. Near myopic heuristics for the fixed-life perishability problem. Management Science. 39(12):1993;1490-1498.
11. Nose T., Ishii H., Nishida T. LIFO/FIFO issuing perishable inventory control subject to stochastic procurement lead time. Mathematical Japonica. 29(2):1984;259-271.
12. Padmanabhan V., Png I.P.L. Returns policies: Make money by making good. Sloan Management Review. (Fall):1995;65-72.
13. Pasternack B.A. Optimal pricing and return policies for perishable commodities. Marketing Science. 4(2):1985;166-176.
14. Perry D., Posner M.J.M. An. (S-1,S) inventory system with fixed shelf life and constant lead times Operations Research. 46(Suppl. 3):1998;s65-s71.
15. Shinn S.W., Hwang H., Park S.S. Joint price and lot size determination under conditions of permissible delay in payments and quantity discounts for freight cost. European Journal of Operational Research. 91(3):1996;528-542.
16. Tayur S., Ganeshan R., Magazine M. 1998;Quantitative Models for Supply Chain Management, Kluwer Academic Publishers.
17. Urban T.L. An inventory model with an inventory-level-dependent rate and relaxed terminal conditions. Journal of the Operational Research Society. 43(7):1992;721-724.