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This paper examines a grocery retailer’s management of a premade food product. The retailer’s goal is to maximize a weighted sum of direct profit and customer welfare. Multiple items of the product are produced in batches and displayed for sale. Considering that each item’s quality...
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As customers seek more healthy lifestyles, the demand for fresh products (e.g., foods, vegetables, fruits) is undergoing a significant increase in recent years, thereby rendering escalating pressure on modern cold chain management. Specifically, the mismatch between enormous demand and the...
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