Dynamic markdown decisions based on a quality loss function in on-site direct-sale supply chains for perishable food

References

• Abad, P. L. (1996). Optimal pricing and lot-sizing under conditions of perishability and partial backordering. Management Science, 42 (8), 1093–1104. doi:10.1287/mnsc.42.8.1093
   Web of Science ®Google Scholar
• Adenso-Díaz, B., Lozano, S., & Palacio, A. (2017). Effects of dynamic pricing of perishable products on revenue and waste. Applied Mathematical Modelling, 45, 148–164. doi:10.1016/j.apm.2016.12.024
   Web of Science ®Google Scholar
• Akcay, Y., Natarajan, H. P., & Xu, S. H. (2010). Joint dynamic pricing of multiple perishable products under consumer choice. Management Science, 56, 1345–1361. doi:10.1287/mnsc.1100.1178
   Web of Science ®Google Scholar
• Anjos, M. F., Cheng, R. C. H., & Currie, C. S. M. (2005). Optimal pricing policies for perishable products. European Journal of Operational Research, 166 (1), 246–254. doi:10.1016/j.ejor.2004.02.015
   Web of Science ®Google Scholar
• ANSI/ASQC. (1978). Quality systems terminology. Milwaukee: American Society for Quality Control.
   Google Scholar
• Bakker, M., Riezebos, J., & Teunter, R. H. (2012). Review of inventory systems with deterioration since 2001. European Journal of Operational Research, 221 (2), 275–284. doi:10.1016/j.ejor.2012.03.004
   Web of Science ®Google Scholar
• Banerjee, P. K., & Turner, T. R. (2012). A flexible model for the pricing of perishable assets. Omega, 40 (5), 533–540. doi:10.1016/j.omega.2011.10.001
   Web of Science ®Google Scholar
• Cai, X., Chen, J., Xiao, Y., Xu, X., & Yu, G. (2013). Fresh-product supply chain management with logistics outsourcing. Omega, 41 (4), 752–765. doi:10.1016/j.omega.2012.09.004
   Web of Science ®Google Scholar
• Carrefour Taiwan. (2017). http://carrefour.com.tw/CQL/main.
   Google Scholar
• Chatwin, R. E. (2000). Optimal dynamic pricing of perishable products with stochastic demand and a finite set of prices. European Journal of Operational Research, 125 (1), 149–174. doi:10.1016/S0377-2217(99)00211-8
   Web of Science ®Google Scholar
• Chen, J., Dong, M., Rong, Y., & Yang, L. (2018). Dynamic pricing for deteriorating products with menu cost. Omega, 75, 13–26. doi:10.1016/j.omega.2017.02.001
   Web of Science ®Google Scholar
• Chen, L. M., & Sapra, A. (2013). Joint inventory and pricing decisions for perishable products with two-period lifetime. Naval Research Logistics (Nrl), 60 (5), 343–366. doi:10.1002/nav.21538
   Web of Science ®Google Scholar
• Chen, X., Pang, Z., & Pan, L. (2014). Coordinating inventory control and pricing strategies for perishable products. Operations Research, 62 (2), 284–300. doi:10.1287/opre.2014.1261
   Web of Science ®Google Scholar
• Chew, E. P., Lee, C., & Liu, R. (2009). Joint inventory allocation and pricing decisions for perishable products. International Journal of Production Economics, 120 (1), 139–150. doi:10.1016/j.ijpe.2008.07.018
   Web of Science ®Google Scholar
• Chew, E. P., Lee, C., Liu, R., Hong, K. S., & Zhang, A. (2014). Optimal dynamic pricing and ordering decisions for perishable products. International Journal of Production Economics, 157, 39–48. doi:10.1016/j.ijpe.2013.12.022
   Web of Science ®Google Scholar
• Chua, G. A., Mokhlesi, R., & Sainathan, A. (2017). Optimal discounting and replenishment policies for perishable products. International Journal of Production Economics, 186, 8–20. doi:10.1016/j.ijpe.2017.01.016
   Web of Science ®Google Scholar
• Chuang, C. J., & Wu, C. W. (2018). Optimal process mean and quality improvement in a supply chain model with two-part trade credit based on Taguchi loss function. International Journal of Production Research, 56 (15), 5234–5248. doi:10.1080/00207543.2017.1394591
   Web of Science ®Google Scholar
• Chung, J., & Li, D. (2014). A simulation of the impacts of dynamic price management for perishable foods on retailer performance in the presence of need-driven purchasing consumers. Journal of the Operational Research Society, 65 (8), 1177–1188. doi:10.1057/jors.2013.63
   Web of Science ®Google Scholar
• Chung, Y. T., & Erhun, F. (2013). Designing supply contracts for perishable goods with two periods of shelf life. IIE Transactions, 45 (1), 53–67. doi:10.1080/0740817X.2012.654847
   Web of Science ®Google Scholar
• Díaz, I. M. R. (2006). Demand restrictions in price-based decisions: Managers versus consumers. Journal of Product and Brand Management, 15, 214–224.
   Google Scholar
• Fauza, G., Amer, Y., Lee, S. H., & Prasetyo, H. (2016). An integrated single-vendor multi-buyer production-inventory policy for food products incorporating quality degradation. International Journal of Production Economics, 182, 409–417. doi:10.1016/j.ijpe.2016.09.009
   Web of Science ®Google Scholar
• Feng, L., Chan, Y. L., & Cárdenas-Barrón, L. E. (2017). Pricing and lot-sizing polices for perishable goods when the demand depends on selling price, displayed stocks, and expiration date. International Journal of Production Economics, 185, 11–20. doi:10.1016/j.ijpe.2016.12.017
   Web of Science ®Google Scholar
• Ferguson, M., & Ketzenberg, M. E. (2006). Information sharing to improve retail product freshness of perishables. Production and Operations Management, 15, 57–73.
   Web of Science ®Google Scholar
• Food and Agriculture Association of the United Nations (FAO). (2013). Save food: Global initiative on food loss and waste reduction. http://www.fao.org/save-food/resources/keyfindings/en/.
   Google Scholar
• Gallego, G., & Hu, M. (2014). Dynamic pricing of perishable assets under competition. Management Science, 60 (5), 1241–1259. doi:10.1287/mnsc.2013.1821
   Web of Science ®Google Scholar
• Ghiami, Y., & Williams, T. (2015). A two-echelon production-inventory model for deteriorating items with multiple buyers. International Journal of Production Economics, 159, 233–240. doi:10.1016/j.ijpe.2014.09.017
   Web of Science ®Google Scholar
• Goyal, S. K., & Giri, B. C. (2001). Recent trends in modelling of deteriorating inventory. European Journal of Operational Research, 134 (1), 1–16. doi:10.1016/S0377-2217(00)00248-4
   Web of Science ®Google Scholar
• He, Y., Huang, H., Li, D., Shi, C., & Wu, S. J. (2018). Quality and operations management in food supply chains: A literature review. Journal of Food Quality, 2018, 1–14. doi:10.1155/2018/7279491
   Web of Science ®Google Scholar
• Herbon, A. (2014). Dynamic pricing vs. acquiring information on consumers heterogeneous sensitivity to product freshness. International Journal of Production Research, 52 (3), 918–933. doi:10.1080/00207543.2013.843800
   Web of Science ®Google Scholar
• Herbon, A. (2016). Optimal piecewise-constant price under heterogeneous sensitivity to product freshness. International Journal of Production Research, 54 (2), 365–385. doi:10.1080/00207543.2014.997402
   Web of Science ®Google Scholar
• Herbon, A. (2018a). Optimal pricing and replenishment of an expiring inventoried product under heterogeneous consumer sensitivities. Decision Sciences, 49 (3), 522–552. doi:10.1111/deci.12276
   Web of Science ®Google Scholar
• Herbon, A. (2018b). Optimal two-level piecewise-constant price discrimination for a storable perishable product. International Journal of Production Research, 56 (5), 1738–1756. doi:10.1080/00207543.2015.1018451
   Web of Science ®Google Scholar
• Hu, P., Shum, S., & Yu, M. (2016). Joint inventory and markdown management for perishable goods with strategic consumer behavior. Operations Research, 64 (1), 118–134. doi:10.1287/opre.2015.1439
   Web of Science ®Google Scholar
• Janssen, L., Claus, T., & Sauer, J. (2016). Literature review of deteriorating inventory models by key topics from 2012 to 2015. International Journal of Production Economics, 182, 86–112. doi:10.1016/j.ijpe.2016.08.019
   Web of Science ®Google Scholar
• Kaya, O., & Polat, A. L. (2017). Coordinated pricing and inventory decisions for perishable products. Or Spectrum, 39 (2), 589–606. doi:10.1007/s00291-016-0467-6
   Web of Science ®Google Scholar
• Ketzenberg, M., Bloemho, J., & Gaukler, G. (2015). Managing perishables with time and temperature history. Production and Operations Management, 24 (1), 54–70. doi:10.1111/poms.12209
   Web of Science ®Google Scholar
• Kopalle, P. K., Mela, C. F., & Marsh, L. (1999). The dynamic effect of discounting on sales: Empirical analysis and normative pricing implications. Marketing Science, 18 (3), 317–332. doi:10.1287/mksc.18.3.317
   Web of Science ®Google Scholar
• Levin, Y., McGill, J., & Nediak, M. (2009). Dynamic pricing in the presence of strategic consumers and oligopolistic competition. Management Science, 55 (1), 32–46. doi:10.1287/mnsc.1080.0936
   Web of Science ®Google Scholar
• Li, Q., Yu, P., & Wu, X. (2016). Managing perishable inventories in retailing: Replenishment, clearance sales, and segregation. Operations Research, 64 (6), 1270–1284. doi:10.1287/opre.2016.1523
   Web of Science ®Google Scholar
• Li, Y., Lim, A., & Rodrigues, B. (2009). Pricing and inventory control for a perishable product. Manufacturing & Service Operations Management, 11 (3), 538–542. doi:10.1287/msom.1080.0238
   Web of Science ®Google Scholar
• Lin, C. R., & Chen, H. S. (2003). Dynamic allocation of uncertain supply for the perishable commodity supply chain. International Journal of Production Research, 41 (13), 3119–3138. doi:10.1080/0020754031000088147
   Web of Science ®Google Scholar
• Liu, G., Zhang, J., & Tang, W. (2015). Joint dynamic pricing and investment strategy for perishable foods with price-quality dependent demand. Annals of Operations Research, 226 (1), 397–416. doi:10.1007/s10479-014-1671-x
   Web of Science ®Google Scholar
• Mahajan, P. V., Caleb, O. J., Gil, M. I., Izumi, H., Colelli, G., Watkins, C. B., & Zude, M. (2017). Quality and safety of fresh horticultural commodities: Recent advances and future perspectives. Food Packaging and Shelf Life, 14, 2–11. doi:10.1016/j.fpsl.2017.08.001
   Web of Science ®Google Scholar
• Mou, S., Robb, D. J., & DeHoratius, N. (2018). Retail store operations: Literature review and research directions. European Journal of Operational Research, 265 (2), 399–422. doi:10.1016/j.ejor.2017.07.003
   Web of Science ®Google Scholar
• Nahmias, S. (1982). Perishable inventory theory: A review. Operations Research, 30 (4), 680–708. doi:10.1287/opre.30.4.680
   PubMed Web of Science ®Google Scholar
• Pahl, J., & Voß, S. (2014). Integrating deterioration and lifetime constraints in production and supply chain planning: A survey. European Journal of Operational Research, 238 (3), 654–674. doi:10.1016/j.ejor.2014.01.060
   Web of Science ®Google Scholar
• Pasternack, B. A. (2008). Optimal pricing and return policies for perishable commodities. Marketing Science, 27 (1), 133–140. doi:10.1287/mksc.1070.0336
   Web of Science ®Google Scholar
• Péneau, S., Brockhoff, P. B., Escher, F., & Nuessli, J. (2007). A comprehensive approach to evaluate the freshness of strawberries and carrots. Postharvest Biology and Technology, 45 (1), 20–29. doi:10.1016/j.postharvbio.2007.02.001
   Web of Science ®Google Scholar
• Phadke, M. S. (1989). Quality engineering using robust design. N.J.: Englewood Cliffs, Prentice Hall.
   Google Scholar
• Raafat, F. (1991). Survey of literature on continuously deteriorating inventory model. The Journal of the Operational Research Society, 42 (1), 27–37. doi:10.2307/2582993
   Web of Science ®Google Scholar
• Rajan, A., Steinberg, R., & Steinberg, R. (1992). Dynamic pricing and ordering decisions by a monopolist. Management Science, 38, 240–262. doi:10.1287/mnsc.38.2.240
   Web of Science ®Google Scholar
• Ren, H., & Huang, T. (2018). Modeling customer bounded rationality in operations management: A review and research opportunities. Computers & Operations Research, 91, 48–58. doi:10.1016/j.cor.2017.11.002
   Web of Science ®Google Scholar
• Rong, A., Akkerman, R., & Grunow, M. (2011). An optimization approach for managing fresh food quality throughout the supply chain. International Journal of Production Economics, 131 (1), 421–429. doi:10.1016/j.ijpe.2009.11.026
   Web of Science ®Google Scholar
• Taguchi, G. (1986). Introduction to quality engineering. Tokyo: Asian Productivity Organization. Translated into English by the Asian Productivity Organization, MI and American Supplier Institute, Inc., Dearborn.
   Google Scholar
• Taleizadeh, A., Noori-Daryan, M., & Cárdenas-Barrón, L. E. (2015). Joint optimization of price, replenishment cycle and production rate in vendor managed inventory system with deteriorating items. International Journal of Production Economics, 159, 285–295. doi:10.1016/j.ijpe.2014.09.009
   Web of Science ®Google Scholar
• Tersine, R. J. (1994). Principles of inventory and materials management. NJ: Englewood Cliffs, Prentice Hall.
   Google Scholar
• The Institute of Food Technologists (IFT). (1974). Shelf life of foods. Journal of Food Science, 39, 1–4.
   Google Scholar
• Wang, X., Fan, Z. P., & Liu, Z. (2016). Optimal markdown policy of perishable food under the consumer price fairness perception. International Journal of Production Research, 54 (19), 5811–5828. doi:10.1080/00207543.2016.1179810
   Web of Science ®Google Scholar
• Wang, X., & Li, D. (2012). A dynamic product quality evaluation based pricing model for perishable food supply chains. Omega, 40 (6), 906–917. doi:10.1016/j.omega.2012.02.001
   Web of Science ®Google Scholar
• Wu, J., Chang, C. T., Cheng, M. C., Teng, J. T., & Al-Khateeb, F. B. (2016). Inventory management for fresh produce when the time-varying demand depends on product freshness stock level and expiration date. International Journal of Systems Science: Operations & Logistics, 3, 138–147. doi:10.1080/23302674.2015.1068880
   Google Scholar
• Yu, Y., Wang, Z., & Liang, L. (2012). A vendor managed inventory supply chain with deteriorating raw materials and products. International Journal of Production Economics, 136 (2), 266–274. doi:10.1016/j.ijpe.2011.11.029
   Web of Science ®Google Scholar
• Yu, Y., & Xiao, T. (2017). Pricing and cold-chain service level decisions in a fresh agri-products supply chain with logistics outsourcing. Computers & Industrial Engineering, 111, 56–66. doi:10.1016/j.cie.2017.07.001
   Web of Science ®Google Scholar
• Zhao, W., & Zheng, Y. S. (2000). Optimal dynamic pricing for perishable assets with non- homogeneous demand. Management Science, 46(3), 375–388. doi:10.1287/mnsc.46.3.375.12063
   Web of Science ®Google Scholar