A Vendor-Buyer Inventory Model for Food Products Based On Shelf-Life Pricing

Author: Gusti Fauza, Yousef Amer, Sang-Heon Lee, Hari Prasetyo. Abstract: … Therefore, this research deals with inventory policy for a manufacturer-retailer system considering value degradation for food products. A mathematical model representing the system is proposed. A shelf-life based pricing function is applied to represent the value degradation of the product.