Note—Pricing and Inventory Control for a Perishable Product

Yanzhi Li
Yanzhi Li
[email protected]
Department of Management Sciences, City University of Hong Kong, Kowloon, Hong Kong
Search for more papers by this author
,
Andrew Lim
Andrew Lim
[email protected]
Department of Management Sciences, City University of Hong Kong, Kowloon, Hong Kong
Search for more papers by this author
,
Brian Rodrigues
Brian Rodrigues
[email protected]
Lee Kong Chian School of Business, Singapore Management University, Singapore 178899
Search for more papers by this author

Yanzhi Li

[email protected]

Department of Management Sciences, City University of Hong Kong, Kowloon, Hong Kong

Search for more papers by this author

Andrew Lim

[email protected]

Department of Management Sciences, City University of Hong Kong, Kowloon, Hong Kong

Search for more papers by this author

Brian Rodrigues

[email protected]

Lee Kong Chian School of Business, Singapore Management University, Singapore 178899

Search for more papers by this author

Published Online:7 Oct 2008https://doi.org/10.1287/msom.1080.0238

Supplemental Material

msom.1080.0238-sm-note-pricing_and_inventory.pdf (94 KB)

Cited by
- Displaying and Discounting Perishables: Impact on Retail Profits and Waste
  Zumbul Atan,
  Dorothee Honhon,
  Xiajun Amy Pan
  4 September 2025 | Management Science, Vol. 72, No. 5
- Dynamic Rental Allocation with Condition‐Based Usage Loss
  24 February 2026 | Naval Research Logistics (NRL), Vol. 54
- Blockchain traceability valuation for perishable agricultural products: Balancing economic benefit and social impact
  Transportation Research Part E: Logistics and Transportation Review, Vol. 206
- RetailNet: AI-Driven Sales Optimization and Marketing Strategies for Perishable Products in Retail
  24 March 2026
- Procurement, Dynamic Pricing, and Early Exit Decisions for Products with Short Life Cycles
  24 July 2025 | Methodology and Computing in Applied Probability, Vol. 27, No. 3
- Dynamic inventory control and pricing strategies for perishable products considering both profit and waste
  Computers & Operations Research, Vol. 181
- Optimal markdown policies for perishable products with fixed shelf life
  16 February 2025 | International Journal of Production Research, Vol. 63, No. 15
- Dynamic inventory sharing, ordering, and pricing strategies for perishable foods to maximize profit and minimize waste
  Computers & Industrial Engineering, Vol. 205
- Coordinate or collaborate? Reducing food waste in perishable-product supply chains
  European Journal of Operational Research, Vol. 323, No. 3
- Dynamic inventory and pricing control of a perishable product with multiple shelf life phases
  Transportation Research Part E: Logistics and Transportation Review, Vol. 195
- Is ignorance bliss? Centralized and competitive newsvendor models with product availability effect
  Transportation Research Part E: Logistics and Transportation Review, Vol. 189
- Heuristics for perishable inventory systems under mixture issuance policies
  Omega, Vol. 126
- Designing an Optimal Two-Bin Strategy for Selling Perishable Produce to Responsible and Mainstream Buyers
  IEEE Transactions on Engineering Management, Vol. 71
- Truncated Balancing Policy for Perishable Inventory Management: Combating High Shortage Penalties
  Can Zhang,
  Turgay Ayer,
  Chelsea C. White
  1 September 2023 | Manufacturing & Service Operations Management, Vol. 25, No. 6
- Optimization of red blood cell inventory: a blood‐type compatibility‐preference and emergency model
  17 January 2021 | International Transactions in Operational Research, Vol. 30, No. 1
- Displaying and Discounting Perishables: Impact on Retail Profits and Waste
  1 January 2023 | SSRN Electronic Journal, Vol. 28
- Joint optimization of inventory planning, maintenance policy and pricing for perishable complementary products by considering the product freshness and technology level
  31 October 2021 | Journal of Industrial and Business Economics, Vol. 49, No. 4
- Coordinating transportation and pricing policies for perishable products
  Transportation Research Part B: Methodological, Vol. 164
- Coordinated inventory control and pricing policies for online retailers with perishable products in the presence of social learning
  Computers & Industrial Engineering, Vol. 168
- Managing hospital platelet inventory with mid‐cycle expedited replenishments and returns
  1 May 2022 | Production and Operations Management, Vol. 31, No. 5
- Integrating inventory planning, pricing and maintenance for perishable products in a two-component parallel manufacturing system with common cause failures
  8 August 2020 | Operational Research, Vol. 22, No. 2
- Waste Reduction of Perishable Products through Markdowns at Expiry Dates
  SSRN Electronic Journal, Vol. 42
- Analysis and optimisation of perishable inventory with stocks-sensitive stochastic demand and two-stage pricing: A discrete-event simulation study
  13 April 2020 | Journal of Simulation, Vol. 15, No. 4
- Managing Perishable Inventory Systems with Age‐differentiated Demand
  1 October 2021 | Production and Operations Management, Vol. 30, No. 10
- Joint pricing and inventory decisions for substitutable and perishable products under demand uncertainty
  European Journal of Operational Research, Vol. 293, No. 2
- Optimal ordering and pricing policies in managing perishable products with quality deterioration
  28 May 2020 | International Journal of Production Research, Vol. 59, No. 15
- Dynamic markdown decisions based on a quality loss function in on-site direct-sale supply chains for perishable food
  7 May 2020 | Journal of the Operational Research Society, Vol. 72, No. 4
- Inventory renewal for a perishable product: Economies of scale and a ge‐dependent demand
  3 November 2020 | Naval Research Logistics (NRL), Vol. 68, No. 3
- Solving a Joint Pricing and Inventory Control Problem for Perishables via Deep Reinforcement Learning
  30 January 2021 | Complexity, Vol. 2021, No. 1
- Joint Strategy of Dynamic Ordering and Pricing for Competing Perishables with Q‐Learning Algorithm
  13 March 2021 | Wireless Communications and Mobile Computing, Vol. 2021, No. 1
- Pricing and lot-sizing decisions for perishable products when demand changes by freshness
  Journal of Industrial & Management Optimization, Vol. 17, No. 6
- Two-period pricing and ordering decisions of perishable products with a learning period for demand disruption
  Journal of Industrial & Management Optimization, Vol. 17, No. 6
- Dynamic production-pricing strategies for multi-generation products under uncertainty
  International Journal of Production Economics, Vol. 230
- Dynamic pricing and replenishment policy for fresh produce
  Computers & Industrial Engineering, Vol. 139
- Platelets inventory management: A rolling horizon Sim–Opt approach for an age-differentiated demand
  24 July 2018 | Journal of Simulation, Vol. 13, No. 3
- Potential additional profits of selling a perishable product due to implementing price discrimination versus implementation costs
  22 May 2017 | International Transactions in Operational Research, Vol. 26, No. 4
- Reprint of “Optimization of production inventory with pricing and promotion effort for a single-vendor multi-buyer system of perishable products”
  International Journal of Production Economics, Vol. 209
- Integrating dynamic pricing and inventory control for fresh‐agri product under consumer choice
  10 October 2018 | Australian Economic Papers, Vol. 58, No. 1
- Statistical Analysis of Medical Data for Inventory Management in a Healthcare System
- Integrating Dynamic Pricing and Inventory Control for Fresh Agriproduct under Multinomial Logit Choice
  Mathematical Problems in Engineering, Vol. 2018
- Approximation Algorithms for Capacitated Perishable Inventory Systems with Positive Lead Times
  Xiuli Chao,
  Xiting Gong,
  Cong Shi,
  Chaolin Yang,
  Huanan Zhang,
  Sean X. Zhou
  22 December 2017 | Management Science, Vol. 64, No. 11
- Modelling three-echelon warm-water fish supply chain: A bi-level optimization approach under Nash–Cournot equilibrium
  Applied Soft Computing, Vol. 71
- Optimization of production inventory with pricing and promotion effort for a single-vendor multi-buyer system of perishable products
  International Journal of Production Economics, Vol. 203
- The newsvendor's joint procurement and pricing problem under price-sensitive stochastic demand and purchase price uncertainty
  Omega, Vol. 79
- Integrated Ordering and Pricing Policy for Perishable Products with Inventory Inaccuracy
- Expiration dates and order quantities for perishables
  European Journal of Operational Research, Vol. 266, No. 2
- Simulation based optimisation Model for a joint inventory pricing problem for perishables
- Quality and Operations Management in Food Supply Chains: A Literature Review
  Journal of Food Quality, Vol. 2018
- Managing Perishable Inventory Systems With Age-Differentiated Demand
  SSRN Electronic Journal, Vol. 164262
- A non-cooperative game model for managing a multiple-aged expiring inventory under consumers' heterogeneity to price and time
  Applied Mathematical Modelling, Vol. 51
- Should retailers hold a perishable product having different ages? The case of a homogeneous market and multiplicative demand model
  International Journal of Production Economics, Vol. 193
- Supply chain contracting coordination for fresh products with fresh-keeping effort
  Industrial Management & Data Systems, Vol. 117, No. 3
- Optimal Discounting and Replenishment Policies for Perishable Products
  International Journal of Production Economics, Vol. 186
- Integrated production-inventory and pricing decisions for a single-manufacturer multi-retailer system of deteriorating items under JIT delivery policy
  8 August 2016 | The International Journal of Advanced Manufacturing Technology, Vol. 89, No. 5-8
- Managing Perishable Inventories in Retailing: Replenishment, Clearance Sales, and Segregation
  Qing Li,
  Peiwen Yu,
  Xiaoli Wu
  9 August 2016 | Operations Research, Vol. 64, No. 6
- A multi-period ordering and clearance pricing model considering the competition between new and out-of-season products
  12 November 2013 | Annals of Operations Research, Vol. 242, No. 2
- Approximation Algorithms for Perishable Inventory Systems
  Xiuli Chao,
  Xiting Gong,
  Cong Shi,
  Huanan Zhang
  8 June 2015 | Operations Research, Vol. 63, No. 3
- Simultaneous pricing and inventory management of deteriorating perishable products
  30 November 2014 | Annals of Operations Research, Vol. 229, No. 1
- Blood platelet inventory management with protection levels
  European Journal of Operational Research, Vol. 243, No. 3
- Joint dynamic pricing and inventory control policy for a stochastic inventory system with perishable products
  22 September 2014 | International Journal of Production Research, Vol. 53, No. 10
- Coordinating Inventory Control and Pricing Strategies for Perishable Products
  Xin Chen,
  Zhan Pang,
  Limeng Pan
  25 April 2014 | Operations Research, Vol. 62, No. 2
- Pricing and Replenishment of Competing Perishable Product Variants under Dynamic Demand Substitution
  1 September 2013 | Production and Operations Management, Vol. 22, No. 5
- Joint inventory and pricing decisions for perishable products with two‐period lifetime
  12 June 2013 | Naval Research Logistics (NRL), Vol. 60, No. 5
- Joint inventory and transshipment control for perishable products of a two-period lifetime
  17 August 2012 | The International Journal of Advanced Manufacturing Technology, Vol. 66, No. 9-12
- Designing supply contracts for perishable goods with two periods of shelf life
  IIE Transactions, Vol. 45, No. 1
- Review of inventory systems with deterioration since 2001
  European Journal of Operational Research, Vol. 221, No. 2
- Grocery Perishables Management
  1 May 2012 | Production and Operations Management, Vol. 21, No. 3
- Dynamic ordering and pricing for a perishable goods supply chain
  Computers & Industrial Engineering, Vol. 60, No. 2
- On the role of revenue-sharing contracts in supply chains
  Operations Research Letters, Vol. 39, No. 1
- Notice of Retraction: Supply chain inventory-transportation optimal model under discount for perishable items

cover image Manufacturing & Service Operations Management

Volume 11, Issue 3

Summer 2009

Pages 373-542

Article Information

Supplemental Material

Metrics

Information

Received:February 03, 2006
Accepted:June 15, 2008
Published Online:October 07, 2008

Cite as

Yanzhi Li, Andrew Lim, Brian Rodrigues, (2008) Note—Pricing and Inventory Control for a Perishable Product. Manufacturing & Service Operations Management 11(3):538-542.

https://doi.org/10.1287/msom.1080.0238

Keywords

PDF download

Available Issues

Available Issues

Available Issues

Available Issues

Available Issues

Note—Pricing and Inventory Control for a Perishable Product

Supplemental Material

Volume 11, Issue 3

Article Information

Supplemental Material

Metrics

Information

Cite as

Keywords

Sign Up for INFORMS Publications Updates and News