Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Stochastic Optimization Methods for Supply Chains with Perishable Products

Stochastic Optimization Methods for Supply Chains with Perishable Products

Volkel, Michael A.

Paperback

Business GeneralGeneral ComputersGeneral Mathematics

Currently unavailable to order

ISBN10: 3832551077
ISBN13: 9783832551070
Publisher: Logos Verlag Berlin
Published: Jul 3 2020
Pages: 119
Weight: 0.44
Height: 0.32 Width: 5.67 Depth: 7.95
Language: English
This book deals with inventory systems in supply chains that face risks that could render products unsalable. These risks include possible cooling system failures, transportation risks, packaging errors, handling errors, or natural quality deterioration over time like spoilage of food or blood products. Classical supply chain inventory models do not regard these risks. This thesis introduces novel cost models that consider these risks. It also analyzes how real-time tracking with RFID sensors and smart containers can contribute to decision making. To solve these cost models, this work presents new solution methods based on dynamic programming. In extensive computational studies both with experimental as well as real-life data from large players in the retailer industry, the solution methods prove to lead to substantially lower costs than existing solution methods and heuristics.

Also in

Business General

View All