Managing Perishable Inventories in Retailing: Replenishment, Clearance Sales, and Segregation

Qing Li
Corresponding Author
Qing Li
[email protected]
School of Business and Management, Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong SAR
Search for more papers by this author
,
Peiwen Yu
Peiwen Yu
[email protected]
School of Management, Fudan University, 200444 Shanghai, PR China
Search for more papers by this author
,
Xiaoli Wu
Xiaoli Wu
[email protected]
School of Business Administration, South China University of Technology, 266061 Guangzhou, PR China
Search for more papers by this author

Corresponding Author

Qing Li

School of Business and Management, Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong SAR

Search for more papers by this author

Peiwen Yu

[email protected]

School of Management, Fudan University, 200444 Shanghai, PR China

Search for more papers by this author

Xiaoli Wu

[email protected]

School of Business Administration, South China University of Technology, 266061 Guangzhou, PR China

Search for more papers by this author

Published Online:9 Aug 2016https://doi.org/10.1287/opre.2016.1523

Supplemental Material

opre.2016.1523-sm.pdf (141 KB)

Cited by
- A Note on Optimal Product Pricing
  7 May 2026 | Operations Research Forum, Vol. 7, No. 2
- 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
- Stochastic inventory systems with regenerative capacity
  European Journal of Operational Research, Vol. 28
- Optimal ordering policy for perishable products by incorporating demand forecasts
  European Journal of Operational Research, Vol. 329, No. 1
- A Rolling Recruitment Process Under Applicant Stochastic Departures
  Chenyin Gong,
  Qing Li
  9 September 2025 | Manufacturing & Service Operations Management, Vol. 28, No. 1
- Flexible capacity rationing in consignment-selling cold warehouse
  22 July 2025 | International Journal of Production Research, Vol. 63, No. 23
- Please Customers or Prevent Wastage? Replenishment and Issuance Policy for a Perishable Product with Age-Sensitive Demand
  Achal Goyal,
  Amar Sapra
  19 September 2025 | Manufacturing & Service Operations Management, Vol. 27, No. 6
- Dynamic programming in inventory management: A review
  Computers & Operations Research, Vol. 183
- 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
- Helping the Captive Audience: Advance Notice of Diagnostic Service for Hospital Inpatients
  Miao Bai,
  Nan Liu,
  Zheng Zhang
  4 June 2025 | Manufacturing & Service Operations Management, Vol. 27, No. 4
- Inventory Information Frictions Explain Price Rigidity in Perishable Groceries
  Naveed Chehrazi; ,
  Robert Evan Sanders; ,
  Ioannis Stamatopoulos
  26 November 2024 | Marketing Science, Vol. 44, No. 2
- Please Customers or Prevent Wastage? Replenishment and Issuance Policy for a Perishable Product with Age-sensitive Demand
  1 January 2025 | SSRN Electronic Journal, Vol. 45
- The benefits (or detriments) of adapting to demand disruptions in a hospital pharmacy with supply chain disruptions
  24 September 2024 | Health Care Management Science, Vol. 27, No. 4
- Impact of FTC's Allegation on Amazon's Marketplace: Evidence From Coffee Products
  8 November 2024 | Agribusiness, Vol. 84
- Asymptotic Scaling of Optimal Cost and Asymptotic Optimality of Base-Stock Policy in Several Multidimensional Inventory Systems
  Jinzhi Bu,
  Xiting Gong,
  Xiuli Chao
  17 July 2024 | Operations Research, Vol. 72, No. 5
- Unlocking new opportunities in the industry 4.0 era, exploring the critical impact of digital technology on sustainable performance and the mediating role of GSCM practices
  Innovation and Green Development, Vol. 3, No. 3
- Uninformed Choices in Perishables
  Karsten Hansen,
  Kanishka Misra,
  Robert Evan Sanders
  21 May 2024 | Marketing Science, Vol. 43, No. 4
- Heuristics for perishable inventory systems under mixture issuance policies
  Omega, Vol. 126
- Managing Replenishment and Clearance of Perishables: Last-In, First-Out (LIFO) Issuing Policy and Age-Sensitive Demand
  27 March 2024 | Production and Operations Management, Vol. 33, No. 4
- Designing an Optimal Two-Bin Strategy for Selling Perishable Produce to Responsible and Mainstream Buyers
  IEEE Transactions on Engineering Management, Vol. 71
- Happy Hour: Markdown Pricing to Reduce Food Waste
  1 January 2024 | SSRN Electronic Journal, Vol. 72
- A Rolling Recruitment Process under Applicant Stochastic Departures
  1 January 2024 | SSRN Electronic Journal, Vol. 69
- Optimal Ordering Policy for Perishable Products by Incorporating Demand Forecasts
  1 January 2024 | SSRN Electronic Journal, Vol. 31
- Using Artificial Intelligence To Reduce Food Waste
  1 January 2024 | SSRN Electronic Journal, Vol. 72
- A mathematical model for optimizing pricing-inventory, and advertising frequency decisions with a multivariate demand function and a time-dependent holding-cost function
  22 November 2022 | International Journal of Management Science and Engineering Management, Vol. 18, No. 4
- Optimal Pricing and Inventory Decisions for Perishable Products with Multivariate Demand Function Under Trade Credit
  18 March 2023 | Operations Research Forum, Vol. 4, No. 2
- A Literature Review on the Application of Digital Technology in Achieving Green Supply Chain Management
  25 May 2023 | Sustainability, Vol. 15, No. 11
- In-store, pre-warehouse, or store-and-warehouse integration: Strategic analysis for neighborhood fresh product retail modes
  Computers & Industrial Engineering, Vol. 177
- Displaying and Discounting Perishables: Impact on Retail Profits and Waste
  1 January 2023 | SSRN Electronic Journal, Vol. 28
- Asymptotic Scaling of Optimal Cost and Asymptotic Optimality of Base-Stock Policy in Several Multi-Dimensional Inventory Systems
  1 January 2023 | SSRN Electronic Journal, Vol. 125
- OM Forum—Reducing Food Waste: An Operations Management Research Agenda
  Arzum Akkaş,
  Vishal Gaur
  3 March 2022 | Manufacturing & Service Operations Management, Vol. 24, No. 3
- Dynamic Warranty Reserve Planning Over a Finite Horizon
  IEEE Transactions on Automatic Control, Vol. 67, No. 4
- Separation of Perishable Inventories in Offline Retailing Through Transshipment
  Qing Li,
  Peiwen Yu,
  Lilun Du
  21 December 2021 | Operations Research, Vol. 70, No. 2
- Managing Perishable Inventory Systems with Age‐differentiated Demand
  1 October 2021 | Production and Operations Management, Vol. 30, No. 10
- A multi-server system with inventory of preliminary services and stock-dependent demand
  14 May 2020 | International Journal of Production Research, Vol. 59, No. 14
- 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
- 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
- OM Forum — Reducing Food Waste: An Operations Management Research Agenda
  SSRN Electronic Journal, Vol. 28
- Consumer (In)attention to Expiration Dates: A Field Study
  SSRN Electronic Journal, Vol. 101
- A comparison of inventory policies for perishable goods
  Operations Research Letters, Vol. 48, No. 6
- Simple Policies with Provable Bounds for Managing Perishable Inventory
  1 November 2020 | Production and Operations Management, Vol. 29, No. 11
- Optimal policies for stochastic clearing systems with time‐dependent delay penalties
  20 July 2020 | Naval Research Logistics (NRL), Vol. 67, No. 7
- A service system with perishable products where customers are either fastidious or strategic
  International Journal of Production Economics, Vol. 228
- CONTINUOUS REVIEW INVENTORY MODELS FOR PERISHABLE ITEMS WITH LEADTIMES
  5 June 2017 | Probability in the Engineering and Informational Sciences, Vol. 34, No. 3
- The multi-plant perishable food production routing with packaging consideration
  International Journal of Production Economics, Vol. 221
- Dynamic pricing and replenishment policy for fresh produce
  Computers & Industrial Engineering, Vol. 139
- Managing Perishable Inventory Systems with Multiple Priority Classes
  1 September 2019 | Production and Operations Management, Vol. 28, No. 9
- Performance improvement of a service system via stocking perishable preliminary services
  European Journal of Operational Research, Vol. 274, No. 3
- Discrete Convex Optimization and Applications in Supply Chain Management
  1 June 2019
- Stochastic optimization models for joint pricing and inventory replenishment of perishable products
  Computers & Industrial Engineering, Vol. 127
- Analysis of Optimal Inventory Management for Dual Blood Products with Dual Sources
  SSRN Electronic Journal, Vol. 45
- 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
- Order policy for emergency medicine with return uncertainty in a closed-loop supply chain
  25 October 2018 | PLOS ONE, Vol. 13, No. 10
- Retail store operations: Literature review and research directions
  European Journal of Operational Research, Vol. 265, No. 2
- Quality and Operations Management in Food Supply Chains: A Literature Review
  Journal of Food Quality, Vol. 2018
- Managing Perishable Inventory Systems with Multiple Demand Classes
  SSRN Electronic Journal, Vol. 25
- Managing Perishable Inventory Systems as Non-Perishable Ones
  SSRN Electronic Journal, Vol. 56
- 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
- Shelf Life Extending Packaging, Inventory Control and Grocery Retailing
  1 July 2017 | Production and Operations Management, Vol. 26, No. 7

Volume 64, Issue 6

November-December 2016

Pages ii-iii, 1177-1565

Article Information

Supplemental Material

Metrics

Information

Received:May 01, 2013
Accepted:May 01, 2016
Published Online:August 09, 2016

Cite as

Qing Li, Peiwen Yu, Xiaoli Wu (2016) Managing Perishable Inventories in Retailing: Replenishment, Clearance Sales, and Segregation. Operations Research 64(6):1270-1284.

https://doi.org/10.1287/opre.2016.1523

Keywords

PDF download

Available Issues

Available Issues

Available Issues

Available Issues

Available Issues

Available Issues

Available Issues

Available Issues

Available Issues

Managing Perishable Inventories in Retailing: Replenishment, Clearance Sales, and Segregation

Supplemental Material

Volume 64, Issue 6

Article Information

Supplemental Material

Metrics

Information

Cite as

Keywords

Sign Up for INFORMS Publications Updates and News