Perishable Inventory Systems

• Main Author: Nahmias, Steven (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Boston, MA : Springer US : Imprint: Springer, 2011.
• Edition: 1.
• Series: International Series in Operations Research & Management Science, 160
• Subjects: Business.; Operations research.; Decision making.; Business and Management.; Operation Research/Decision Theory.

A perishable item is one that has constant utility up until an expiration date (which may be known or uncertain), at which point the utility drops to zero. This includes many types of packaged foods such as milk, cheese, processed meats, and canned goods. It also includes virtually all pharmaceutica...