Abstract
References
- Buisman, M. E., Haijema, R., & Bloemhof-Ruwaard, J. M. (2019). Discounting and dynamic shelf life to reduce fresh food waste at retailers. International Journal of Production Economics, 209, 274-284.
- Chaudhary, V., Kulshrestha, R., & Routroy, S. (2018). State-of-the-art literature review on inventory models for perishable products. Journal of Advances in Management Research, 15(3), 306-346.
- Fauza, G., Amer, Y., & Lee, S. H. (2013). Model of an integrated procurement-production system for food products incorporating quality loss during storage time. Volume 75 IACSIT-Internal Association of Computer Science.
Abstract
: Perishable products are products whose value decreases over time. Inventory management for perishable products is a challenge experienced by retailers. Problems arise when inventory costs increase due to a large amount of wasted or waste products. This research aims to maximize profit by providing policy recommendations for inventory procurement under dynamic pricing. This research optimization focuses on determining the optimal order size and reorder level. To solve this problem, a simulation model is created by considering changes in product prices as product quality decreases. The simulation method in this study is a discrete event simulation using simulation software. Events in this inventory simulation include the arrival of customers and the addition or reduction of inventory levels. The replenishment policy in this study is continuous reviews. Simulation scenarios were generated to obtain an optimum order size and reorder level. The best scenario is obtained from a combination of optimum order size and reorder level. An inventory simulation model was generated based on fruit inventory data at one of the major retailers in Indonesia.
References
- Buisman, M. E., Haijema, R., & Bloemhof-Ruwaard, J. M. (2019). Discounting and dynamic shelf life to reduce fresh food waste at retailers. International Journal of Production Economics, 209, 274-284.
- Chaudhary, V., Kulshrestha, R., & Routroy, S. (2018). State-of-the-art literature review on inventory models for perishable products. Journal of Advances in Management Research, 15(3), 306-346.
- Fauza, G., Amer, Y., & Lee, S. H. (2013). Model of an integrated procurement-production system for food products incorporating quality loss during storage time. Volume 75 IACSIT-Internal Association of Computer Science.
Details
| Primary Language | English |
|---|---|
| Subjects | Environmental and Sustainable Processes |
| Journal Section | Articles |
| Authors | |
| Early Pub Date | October 5, 2023 |
| Publication Date | September 30, 2023 |
| Published in Issue | Year 2023Volume: 23 |
