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Article Dans Une Revue European Journal of Industrial Engineering Année : 2024

Piling and Discounting Perishable Products: Optimal Replenishment and Discounting Policy for Perishable Products

Résumé

Retail stores often display large quantities of perishable products that they sell at full price over a given period and then at a discount until the end of the inventory cycle. We investigate this common practice by considering a product which is subject to continuous decay through time. The demand is a function of both the price of the product and the inventory level. The retailer may discount the product once during the cycle. Closed-form expressions were provided for the maximum discounting time and cycle time. The conditions under which an optimal discount policy exists were established. The results provide insights to decision-makers on how to design a markdown policy for perishable products.
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Dates et versions

hal-04345356 , version 1 (14-12-2023)

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Citer

Oncu Hazir, Xinghao Yan, Maher Agi. Piling and Discounting Perishable Products: Optimal Replenishment and Discounting Policy for Perishable Products. European Journal of Industrial Engineering, 2024, 18 (2), pp.1. ⟨10.1504/EJIE.2024.10053955⟩. ⟨hal-04345356⟩
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