An incorporated inventory transport system with two types of customers for multiple perishable goods

Kapil Gumasta, Tung Sun Chan, M. K. Tiwari

Research output: Journal article publicationJournal articleAcademic researchpeer-review

17 Citations (Scopus)

Abstract

Perishable goods comprehend a large space daily marketing of goods. These kinds of goods ask a strict inventory control. Due to fast movement of these goods from distributer to retailer, it is necessary to have a command over the transportation system to maximize the profit. In this research, the transportation model has been mapped with the inventory model with time varying demand and two types of customers for different perishable goods to simultaneously maximize the revenue and minimize transportation and inventory cost, and hence maximizing the net profit. The model assumes fixed shortage, handling and outdating cost and selling price of goods decreases with time. An illustrative example is provided at the end to reveal the application of proposed methodology on a given system. Insight gained would be of much interest to the distributers of perishable goods in managing the inventory and transportation for same.
Original languageEnglish
Pages (from-to)678-686
Number of pages9
JournalInternational Journal of Production Economics
Volume139
Issue number2
DOIs
Publication statusPublished - 1 Oct 2012

Keywords

  • Inventory control
  • Outdating
  • Perishable items
  • Shortage
  • Transportation

ASJC Scopus subject areas

  • Industrial and Manufacturing Engineering
  • Business, Management and Accounting(all)
  • Management Science and Operations Research
  • Economics and Econometrics

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