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Perishable Inventory Management and Dynamic Pricing Using RFID Technology
Overview In supply chains that handle perishable products, inventory management is already a complex problem and the management of products in a dynamic-pricing environment is even more challenging. Monitoring and control of time-sensitive products can be facilitated by the application of Radio Frequency IDentification (RFID) technology, which enables non-contact, real-time data collection and efficient interfacing with the management control system in the supply chain. This paper describes an integrated framework for inventory management and pricing in a discrete time (periodic review and ordering) framework, and describes an efficient algorithm, including a new approximation, for the related optimization problem.
| Publisher | Indian Institute of Technology Bombay | File Format | |
|---|---|---|---|
| Date Published | April 2005 | Downloads | 17 |
| Format | White Papers | ||
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