TY - JOUR A1 - Janssen, Larissa A1 - Diabat, Ali A1 - Sauer, Jürgen A1 - Herrmann, Frank T1 - A stochastic micro-periodic age-based inventory replenishment policy for perishable goods JF - Transportation Research Part E: Logistics and Transportation N2 - In this paper, we propose a micro-periodic inventory replenishment policy for quickly perishable goods with fixed and known lifetime of items, deterministic lead time, fixed given order cycle, mixed issuing policies (FIFO and LIFO), age-based stock, imperfect items and target customer service level under random demand. The inventory policy is based on time of day (morning, midday, afternoon or evening). The results of our simulation study show that the proposed micro-periodic inventory policy leads to waste reduction of 66% as well as a partial decrease in cost compared to inventory policy with planning on a daily basis. KW - Frischware KW - Bestandsmanagement KW - Bestellmengenplanung KW - Stochastisches Modell KW - Inventory KW - Micro-periodic KW - Perishable goods KW - Stochastic demand KW - Waste reduction KW - Simulation study KW - Simulation Y1 - 2018 U6 - https://doi.org/10.1016/j.tre.2018.08.009 VL - 118 IS - October SP - 445 EP - 465 PB - Elsevier ER -