2 papers
math.OC2021
An opaque selling scheme to reduce shortage and wastage in perishable inventory systems
Katsunobu Sasanuma, Akira Hibiki, Thomas Sexton
Effective management of perishable inventory systems is often strewn with challenges, especially when a strong trade-off relationship exists between shortage and wastage of perisha…
math.OC2020
A Marginal Analysis Framework to Incorporate the Externality Effect of Ordering Perishables
Katsunobu Sasanuma, Mohammad Delasay, Christine Pitocco +2
Finding the optimal policy for multi-period perishable inventory systems requires solving computationally-expensive stochastic dynamic programs (DP). To avoid the difficulty of sol…