This paper investigates the impact of product perishability on the known (r,Q) inventory review policy and the benefits of using Time Temperature integrator technology (TTI) on inventory management. We first formulate an (r,Q) inventory model for perishables having a fixed lifetime. Then, we...

A proposed single-product, stochastic, two-period inventory control model combines demand forecast updating with the flexibility of two supply sources. Demand is modeled by two independent, random variables over a two-period selling season. At the beginning of the first period, two quantities...